Jump Financial LLC grew its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 1,736.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,442 shares of the company's stock after buying an additional 133,739 shares during the period. Jump Financial LLC's holdings in Estée Lauder Companies were worth $10,605,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Estée Lauder Companies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock valued at $2,025,532,000 after acquiring an additional 2,344,210 shares during the period. FMR LLC grew its holdings in shares of Estée Lauder Companies by 163.8% in the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock worth $1,078,406,000 after purchasing an additional 8,930,011 shares during the last quarter. Independent Franchise Partners LLP increased its stake in shares of Estée Lauder Companies by 45.5% in the fourth quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock worth $589,205,000 after buying an additional 2,458,379 shares during the period. Invesco Ltd. raised its holdings in Estée Lauder Companies by 148.9% during the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after buying an additional 3,278,632 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Estée Lauder Companies by 23.6% during the 4th quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company's stock valued at $374,630,000 after buying an additional 954,493 shares during the period. Institutional investors own 55.15% of the company's stock.
Estée Lauder Companies Price Performance
Shares of NYSE:EL traded up $1.71 during midday trading on Friday, hitting $54.37. The company had a trading volume of 6,344,045 shares, compared to its average volume of 4,048,212. The Estée Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $149.91. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of -27.88, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10. 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 business's 50-day simple moving average is $65.10 and its 200-day simple moving average is $73.34.
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, 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 business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. The company's quarterly revenue was down 6.4% compared to the same quarter last year. On average, research 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies's dividend payout ratio is presently -71.79%.
Insider Buying and Selling
In other news, Director Paul J. Fribourg bought 43,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the transaction, the chief financial officer now owns 2,381 shares of the company's stock, valued at approximately $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 currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on EL. Telsey Advisory Group restated a "market perform" rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Canaccord Genuity Group reduced their target price on Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Piper Sandler raised their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. CICC Research started coverage on Estée Lauder Companies in a report on Friday, December 27th. They set a "market perform" rating and a $82.00 price objective on the stock. Finally, Stifel Nicolaus decreased their price objective 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. Nineteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $81.57.
View Our Latest Research Report on EL
About Estée Lauder Companies
(
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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