Jaffetilchin Investment Partners LLC lifted its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 2,329.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,342 shares of the company's stock after acquiring an additional 6,081 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Estée Lauder Companies were worth $476,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. EP Wealth Advisors LLC purchased a new stake in Estée Lauder Companies in the 3rd quarter worth $403,000. Geode Capital Management LLC boosted its stake in Estée Lauder Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company's stock valued at $464,587,000 after buying an additional 70,307 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Estée Lauder Companies by 5.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,464 shares of the company's stock valued at $438,000 after buying an additional 225 shares in the last quarter. Toronto Dominion Bank increased its stake in Estée Lauder Companies by 4.5% in the 3rd quarter. Toronto Dominion Bank now owns 127,614 shares of the company's stock worth $12,722,000 after acquiring an additional 5,551 shares during the last quarter. Finally, Bard Financial Services Inc. purchased a new stake in shares of Estée Lauder Companies during the 3rd quarter worth approximately $1,789,000. Hedge funds and other institutional investors own 55.15% of the company's stock.
Estée Lauder Companies Stock Down 3.0 %
Shares of Estée Lauder Companies stock traded down $1.65 during trading on Wednesday, hitting $52.76. 2,525,666 shares of the stock traded hands, compared to its average volume of 4,288,686. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $149.91. The stock's fifty day simple moving average is $65.96 and its 200 day simple moving average is $74.10. The firm has a market cap of $18.94 billion, a P/E ratio of -27.06, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate 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 business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estée Lauder Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies's payout ratio is currently -71.79%.
Insider Buying and Selling at Estée Lauder Companies
In other Estée Lauder Companies news, Director Paul J. Fribourg bought 43,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the purchase, the chief financial officer now owns 2,381 shares of the company's stock, valued at $156,645.99. The trade was a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research note on Monday. UBS Group lifted their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Telsey Advisory Group restated a "market perform" rating and set a $76.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. CICC Research assumed coverage on Estée Lauder Companies in a research note on Friday, December 27th. They issued a "market perform" rating and a $82.00 price objective for the company. Finally, Piper Sandler boosted their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Nineteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $82.52.
Check Out Our Latest Stock Report on EL
Estée Lauder Companies Company Profile
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Free Report)
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.
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