The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1,610.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,368 shares of the company’s stock after purchasing an additional 1,288 shares during the quarter. Venturi Wealth Management LLC’s holdings in Estée Lauder Companies were worth $103,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in EL. Allspring Global Investments Holdings LLC lifted its holdings in Estée Lauder Companies by 32.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 14,502 shares of the company’s stock valued at $1,446,000 after purchasing an additional 3,562 shares in the last quarter. Signaturefd LLC increased its stake in shares of Estée Lauder Companies by 33.8% in the 3rd quarter. Signaturefd LLC now owns 3,122 shares of the company’s stock worth $311,000 after acquiring an additional 789 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Estée Lauder Companies during the 3rd quarter worth approximately $50,128,000. Allworth Financial LP increased its position in shares of Estée Lauder Companies by 21.3% during the 3rd quarter. Allworth Financial LP now owns 1,642 shares of the company’s stock worth $164,000 after purchasing an additional 288 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Estée Lauder Companies by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,485 shares of the company’s stock worth $1,646,000 after purchasing an additional 4,287 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Paul J. Fribourg bought 43,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Akhil Shrivastava purchased 700 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were purchased 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. The trade was a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on EL. Morgan Stanley decreased their price target on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. upped their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research report on Friday, January 31st. Finally, CICC Research began coverage on Estée Lauder Companies in a research report on Friday, December 27th. They set a “market perform” rating and a $82.00 target price on the stock. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $71.71 on Monday. The company has a market cap of $25.74 billion, a P/E ratio of -36.77, a PEG ratio of 6.09 and a beta of 1.03. The company has a 50-day moving average price of $74.83 and a 200 day moving average price of $80.89. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (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 firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. Estée Lauder Companies’s revenue was down 6.4% compared to the same quarter last year. Research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed 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. This represents a $1.40 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s payout ratio is currently -71.79%.

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.