ExodusPoint Capital Management LP Grows Position in The Estée Lauder Companies Inc. (NYSE:EL)

ExodusPoint Capital Management LP raised its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 574.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,420 shares of the company’s stock after purchasing an additional 77,866 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Estée Lauder Companies were worth $6,855,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $251,304,000. American Century Companies Inc. lifted its stake in Estée Lauder Companies by 11,026.8% during the 4th quarter. American Century Companies Inc. now owns 3,343,607 shares of the company’s stock valued at $250,704,000 after acquiring an additional 3,313,557 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Estée Lauder Companies by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock valued at $2,025,532,000 after acquiring an additional 2,344,210 shares during the last quarter. Nuance Investments LLC increased its stake in shares of Estée Lauder Companies by 192.0% in the fourth quarter. Nuance Investments LLC now owns 3,092,268 shares of the company’s stock worth $231,858,000 after acquiring an additional 2,033,188 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Estée Lauder Companies by 81.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock worth $222,807,000 after purchasing an additional 1,330,840 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction that occurred 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 acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were 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 of the company’s stock, valued at approximately $156,645.99. This represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on EL. Barclays lowered their price target on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus dropped their target price on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. UBS Group boosted their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a 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 research note on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Twenty investment 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, the company presently has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $52.89 on Friday. The firm’s 50-day moving average is $70.31 and its two-hundred day moving average is $76.35. The company has a market capitalization of $18.99 billion, a PE ratio of -27.12, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10. 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 Estée Lauder Companies Inc. has a 12 month low of $51.48 and a 12 month high of $149.91.

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

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors 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 2.65%. Estée Lauder Companies’s dividend payout ratio (DPR) 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.