The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,014,303 shares of the company’s stock after acquiring an additional 2,344,210 shares during the period. Vanguard Group Inc. owned approximately 7.53% of Estée Lauder Companies worth $2,025,532,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new position in Estée Lauder Companies during the fourth quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators grew its stake in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares during the period. Eagle Bay Advisors LLC increased its holdings in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at $30,000. Finally, MassMutual Private Wealth & Trust FSB boosted 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 buying an additional 141 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Price Performance

EL stock opened at $65.83 on Thursday. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $155.73. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The firm has a market capitalization of $23.63 billion, a PE ratio of -33.76, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The business has a 50 day simple moving average of $72.49 and a 200-day simple moving average of $77.42.

Estée Lauder Companies (NYSE:EL) last issued its earnings results 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. The business had revenue of $4 billion during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.13%. Estée Lauder Companies’s payout ratio is -71.79%.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on EL. CICC Research began coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They set a “market perform” rating and a $82.00 price target on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $76.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. Finally, Piper Sandler upped their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $86.00.

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.