6,006 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Bought by 1834 Investment Advisors Co.

1834 Investment Advisors Co. acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,006 shares of the company’s stock, valued at approximately $450,000.

Several other institutional investors have also recently modified their holdings of EL. Eagle Bay Advisors LLC increased its holdings in Estée Lauder Companies by 297.0% in 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. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies in the third quarter worth $31,000. Kimelman & Baird LLC purchased a new position in shares of Estée Lauder Companies during the second quarter worth $32,000. MassMutual Private Wealth & Trust FSB lifted its position in Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares during the period. Finally, Ecofi Investissements SA purchased a new stake in Estée Lauder Companies in the second quarter valued at $53,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Trading Up 3.1 %

Shares of EL stock opened at $82.58 on Monday. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The firm has a market capitalization of $29.64 billion, a P/E ratio of 147.46, a PEG ratio of 5.60 and a beta of 1.02. The stock’s fifty day moving average is $75.37 and its two-hundred day moving average is $84.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. Estée Lauder Companies’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. Research analysts expect that The Estée Lauder Companies Inc. will post 1.51 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 250.00%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. StockNews.com cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Piper Sandler boosted their target price on shares of Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Morgan Stanley dropped their price target on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.68.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 77,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the transaction, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. The trade was a 49.36 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is owned by company insiders.

Estée Lauder Companies Company Profile

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.