Argonautica Private Wealth Management Inc. Has $261,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Argonautica Private Wealth Management Inc. lessened its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 9.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,479 shares of the company’s stock after selling 342 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Estée Lauder Companies were worth $261,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EL. Peterson Wealth Services boosted its position in shares of Estée Lauder Companies by 9.8% during the fourth quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock worth $113,000 after purchasing an additional 134 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 worth $36,000 after acquiring an additional 141 shares in the last quarter. Blue Trust Inc. lifted its holdings in Estée Lauder Companies by 8.7% during the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock worth $139,000 after acquiring an additional 148 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after acquiring an additional 151 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after acquiring an additional 158 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

EL has been the subject of several research analyst reports. Barclays decreased their price objective on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Piper Sandler raised their price objective on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. UBS Group upped 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 note on Thursday, January 16th. Finally, Telsey Advisory Group reissued 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. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Stock Down 0.5 %

Shares of EL opened at $74.69 on Wednesday. The firm has a market cap of $26.81 billion, a P/E ratio of -38.30, a price-to-earnings-growth ratio of 6.09 and a beta of 1.03. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54. The firm’s 50-day simple moving average is $74.67 and its 200 day simple moving average is $80.67.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. On average, analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed 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 of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 1.87%. Estée Lauder Companies’s dividend payout ratio is presently -71.79%.

Insider Activity

In related news, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the transaction, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

About Estée Lauder Companies

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.