Fisher Asset Management LLC Acquires 4,141 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Fisher Asset Management LLC increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 21.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,389 shares of the company's stock after purchasing an additional 4,141 shares during the quarter. Fisher Asset Management LLC's holdings in Estée Lauder Companies were worth $1,754,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Peterson Wealth Services lifted its stake in Estée Lauder Companies by 9.8% in the fourth quarter. Peterson Wealth Services now owns 1,506 shares of the company's stock valued at $113,000 after acquiring an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after acquiring an additional 141 shares during the last quarter. Blue Trust Inc. lifted its stake in Estée Lauder Companies by 8.7% in the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock valued at $139,000 after acquiring an additional 148 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock valued at $64,000 after acquiring an additional 151 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its stake in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after acquiring an additional 158 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In related news, CFO Akhil Shrivastava purchased 700 shares of the stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the purchase, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now owns 430,800 shares in the company, valued at $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.

Estée Lauder Companies Trading Up 2.5 %

Estée Lauder Companies stock traded up $1.78 during trading hours on Friday, reaching $73.32. 3,020,369 shares of the company's stock traded hands, compared to its average volume of 4,139,169. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of -37.60, a PEG ratio of 6.09 and a beta of 1.08. The firm's 50 day moving average is $74.16 and its 200-day moving average is $79.61.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the company posted $0.88 EPS. The company's revenue was down 6.4% compared to the same quarter last year. On average, analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.91%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -71.79%.

Analysts Set New Price Targets

A number of research firms have issued reports on EL. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Telsey Advisory Group reiterated a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Morgan Stanley reduced their price objective on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Barclays reduced their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group reduced their price objective on shares of Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $86.00.

Estée Lauder Companies Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.