The Estée Lauder Companies Inc. (NYSE:EL) Stock Holdings Increased by Tobam

Tobam lifted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 395.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,075 shares of the company’s stock after purchasing an additional 4,050 shares during the quarter. Tobam’s holdings in Estée Lauder Companies were worth $381,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new stake in Estée Lauder Companies during the fourth quarter worth approximately $29,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Estée Lauder Companies by 1.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,462 shares of the company’s stock valued at $1,834,000 after purchasing an additional 338 shares during the period. Bleakley Financial Group LLC raised its stake in shares of Estée Lauder Companies by 50.5% in the 4th quarter. Bleakley Financial Group LLC now owns 8,499 shares of the company’s stock worth $637,000 after buying an additional 2,852 shares in the last quarter. Choreo LLC lifted its holdings in shares of Estée Lauder Companies by 516.1% in the fourth quarter. Choreo LLC now owns 16,591 shares of the company’s stock valued at $1,231,000 after buying an additional 13,898 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Estée Lauder Companies by 38.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,879 shares of the company’s stock valued at $1,706,000 after buying an additional 6,394 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. B. Riley dropped their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. TD Cowen dropped 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. HSBC cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a report on Wednesday, October 16th. Canaccord Genuity Group dropped their price target on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Hsbc Global Res lowered Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Stock Up 1.3 %

Estée Lauder Companies stock opened at $65.09 on Friday. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.54. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The firm has a market cap of $23.36 billion, a PE ratio of 116.23, a P/E/G ratio of 5.89 and a beta of 1.03. The firm’s 50 day moving average price is $76.86 and its two-hundred day moving average price is $83.26.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. Estée Lauder Companies’s revenue for the quarter 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. On average, research analysts predict that The Estée Lauder Companies Inc. will post 1.5 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.15%. Estée Lauder Companies’s payout ratio is 250.00%.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 75,500 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the transaction, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This represents a 32.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Akhil Shrivastava acquired 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 196,700 shares of company stock worth $12,762,093. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies 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.