Nekton Capital Ltd. boosted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 97.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,640 shares of the company's stock after acquiring an additional 29,961 shares during the quarter. Estée Lauder Companies accounts for 12.0% of Nekton Capital Ltd.'s holdings, making the stock its 6th largest position. Nekton Capital Ltd.'s holdings in Estée Lauder Companies were worth $4,547,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies in the 4th quarter worth about $29,000. Deseret Mutual Benefit Administrators increased its position in shares of 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 buying an additional 158 shares in the last quarter. Eagle Bay Advisors LLC raised its stake in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after buying an additional 300 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Estée Lauder Companies during the 4th quarter valued at approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Estée Lauder Companies by 42.1% in 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 during the period. 55.15% of the stock is owned by institutional investors and hedge funds.
Estée Lauder Companies Trading Up 1.3 %
Shares of Estée Lauder Companies stock traded up $0.76 during mid-day trading on Friday, hitting $59.41. The stock had a trading volume of 2,585,724 shares, compared to its average volume of 4,071,894. The firm has a 50-day moving average of $63.85 and a two-hundred day moving average of $72.01. The firm has a market cap of $21.33 billion, a P/E ratio of -30.47, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $149.06.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The firm's revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.
Estée Lauder Companies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.36%. Estée Lauder Companies's dividend payout ratio is currently -71.79%.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. Wells Fargo & Company lowered their price objective on Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Canaccord Genuity Group reduced their target price 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. Stifel Nicolaus decreased their target price on Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley dropped their price target on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $81.57.
Read Our Latest Stock Analysis on EL
Insider Activity at Estée Lauder Companies
In other Estée Lauder Companies news, Director Paul J. Fribourg bought 43,000 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company's stock.
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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