Alberta Investment Management Corp lifted its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675,340 shares of the company's stock after acquiring an additional 52,840 shares during the quarter. Alberta Investment Management Corp owned 0.19% of Estée Lauder Companies worth $50,637,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies in the 4th quarter valued at about $29,000. Eagle Bay Advisors LLC increased its holdings in Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after buying an additional 300 shares during the period. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies in the fourth quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in Estée Lauder Companies during the third quarter worth $31,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Estée Lauder Companies by 42.1% during the 4th 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 in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.
Estée Lauder Companies Trading Up 0.5 %
Shares of NYSE:EL traded up $0.37 during mid-day trading on Friday, reaching $71.71. 3,560,084 shares of the company were exchanged, compared to its average volume of 4,364,164. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.54. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The firm's 50-day simple moving average is $75.00 and its 200 day simple moving average is $81.19. The firm has a market cap of $25.74 billion, a price-to-earnings ratio of -36.77, a P/E/G ratio of 6.09 and a beta of 1.03.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.95%. Estée Lauder Companies's dividend payout ratio (DPR) is -71.79%.
Insider Transactions at Estée Lauder Companies
In other news, Director Paul J. Fribourg bought 43,000 shares of the business'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 completion of the purchase, the director now owns 430,800 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price 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 of the company's stock, valued at $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company's stock.
Analyst Ratings Changes
EL has been the subject of several recent research reports. CICC Research began coverage on Estée Lauder Companies in a research report on Friday, December 27th. They issued a "market perform" rating and a $82.00 price target for the company. Piper Sandler increased their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Bank of America dropped their target price on Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Canaccord Genuity Group lowered their price target on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research report on Wednesday, February 5th. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $86.00.
Check Out Our Latest Stock Analysis 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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