Van ECK Associates Corp increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,996,404 shares of the company's stock after acquiring an additional 954,493 shares during the quarter. Van ECK Associates Corp owned about 1.39% of Estée Lauder Companies worth $374,630,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of EL. CWM LLC boosted its holdings in Estée Lauder Companies by 28.7% during the third quarter. CWM LLC now owns 4,930 shares of the company's stock worth $491,000 after buying an additional 1,099 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Estée Lauder Companies by 1,931.3% during the third quarter. Exchange Traded Concepts LLC now owns 6,622 shares of the company's stock worth $660,000 after purchasing an additional 6,296 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Estée Lauder Companies by 22.7% during the third quarter. Vontobel Holding Ltd. now owns 349,173 shares of the company's stock worth $34,809,000 after buying an additional 64,688 shares during the period. nVerses Capital LLC boosted its stake in Estée Lauder Companies by 676.9% during the third quarter. nVerses Capital LLC now owns 10,100 shares of the company's stock worth $1,007,000 after buying an additional 8,800 shares during the period. Finally, AlphaMark Advisors LLC boosted its stake in shares of Estée Lauder Companies by 14.2% in the third quarter. AlphaMark Advisors LLC now owns 2,810 shares of the company's stock valued at $280,000 after purchasing an additional 350 shares during the period. Institutional investors own 55.15% of the company's stock.
Wall Street Analyst Weigh In
EL has been the subject of a number of recent research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $76.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. DA Davidson reissued a "buy" rating and set a $81.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, February 5th. TD Cowen cut their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Stifel Nicolaus cut their target price on shares of Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup cut shares of Estée Lauder Companies from a "buy" rating to a "neutral" rating and cut their target price for the company from $105.00 to $80.00 in a report on Thursday, October 31st. Twenty 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.com, the company presently has an average rating of "Hold" and an average target price of $86.00.
Get Our Latest Stock Report on EL
Estée Lauder Companies Stock Performance
Shares of EL stock traded down $0.88 during trading on Friday, reaching $68.80. The company had a trading volume of 3,714,764 shares, compared to its average volume of 4,619,071. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54. The company has a market capitalization of $24.70 billion, a PE ratio of -35.28, a PEG ratio of 5.43 and a beta of 1.03. The firm's 50 day simple moving average is $75.85 and its two-hundred day simple moving average is $81.82. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.90.
Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business's revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.37 earnings per share for the current year.
Estée Lauder Companies Announces Dividend
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 issued a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.04%. Estée Lauder Companies's dividend payout ratio (DPR) is currently -71.79%.
Insider Buying and Selling
In related news, Director Paul J. Fribourg acquired 75,500 shares of the company's stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the acquisition, the director now directly owns 310,000 shares of the company's stock, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, for a total transaction 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 disclosure for this purchase can be found here. Over the last three months, insiders bought 119,200 shares of company stock worth $7,801,318. 12.78% of the stock is owned by corporate insiders.
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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