Arlington Partners LLC decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 43.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,793 shares of the company's stock after selling 17,969 shares during the quarter. Arlington Partners LLC's holdings in Estée Lauder Companies were worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in EL. Savant Capital LLC purchased a new stake in Estée Lauder Companies during the 4th quarter worth $1,385,000. Canvas Wealth Advisors LLC increased its stake in Estée Lauder Companies by 308.0% during the 4th quarter. Canvas Wealth Advisors LLC now owns 38,711 shares of the company's stock worth $2,903,000 after buying an additional 29,224 shares during the period. Empowered Funds LLC increased its stake in Estée Lauder Companies by 8.4% during the 4th quarter. Empowered Funds LLC now owns 3,721 shares of the company's stock worth $279,000 after buying an additional 287 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Estée Lauder Companies by 57.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 3,150 shares of the company's stock worth $236,000 after buying an additional 1,149 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in Estée Lauder Companies during the 4th quarter worth $30,000. Institutional investors and hedge funds own 55.15% of the company's stock.
Estée Lauder Companies Stock Performance
Estée Lauder Companies stock traded up $0.69 during midday trading on Thursday, reaching $69.72. 3,741,569 shares of the stock traded hands, compared to its average volume of 4,529,481. The company has a current ratio of 1.37, a quick ratio of 0.90 and a debt-to-equity ratio of 1.75. The firm has a fifty day moving average price of $76.23 and a two-hundred day moving average price of $82.25. The firm has a market cap of $25.03 billion, a price-to-earnings ratio of -35.75, a PEG ratio of 5.43 and a beta of 1.03. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted 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. The firm had revenue of $4 billion during 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%. Estée Lauder Companies's revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 EPS. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.37 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies's dividend payout ratio is currently -71.79%.
Insider Transactions at Estée Lauder Companies
In related news, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies 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 owns 2,381 shares in the company, valued at approximately $156,645.99. The trade was a 41.64 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul J. Fribourg purchased 77,500 shares of Estée Lauder Companies stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the purchase, the director now owns 234,500 shares in the company, valued at approximately $15,010,345. This trade represents a 49.36 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 196,700 shares of company stock valued at $12,762,093. Company insiders own 12.78% of the company's stock.
Wall Street Analyst Weigh In
EL has been the subject of several research analyst reports. UBS Group boosted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. TD Cowen dropped their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Piper Sandler boosted their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research report on Friday, January 31st. Finally, Wells Fargo & Company boosted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $86.00.
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Estée Lauder Companies 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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