Port Capital LLC Has $494,000 Position in The Estée Lauder Companies Inc. (NYSE:EL)

Port Capital LLC lifted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,594 shares of the company’s stock after purchasing an additional 625 shares during the quarter. Port Capital LLC’s holdings in Estée Lauder Companies were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EL. Czech National Bank boosted its holdings in shares of Estée Lauder Companies by 6.6% in the 4th quarter. Czech National Bank now owns 50,614 shares of the company’s stock worth $3,795,000 after acquiring an additional 3,145 shares in the last quarter. Brookstone Capital Management raised its position in Estée Lauder Companies by 16.7% in the 4th quarter. Brookstone Capital Management now owns 2,950 shares of the company’s stock valued at $221,000 after purchasing an additional 423 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of Estée Lauder Companies during the fourth quarter worth $1,129,000. Assenagon Asset Management S.A. increased its stake in shares of Estée Lauder Companies by 449.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 404,217 shares of the company’s stock valued at $30,308,000 after buying an additional 330,709 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC raised its holdings in shares of Estée Lauder Companies by 16.2% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 136,566 shares of the company’s stock valued at $10,240,000 after buying an additional 19,017 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on EL shares. Canaccord Genuity Group reduced their price objective on Estée Lauder Companies from $70.00 to $62.00 and set a “hold” rating on the stock in a report on Tuesday, April 29th. Barclays decreased their price target on 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. JPMorgan Chase & Co. reduced their target price on shares of Estée Lauder Companies from $72.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada dropped their price target on shares of Estée Lauder Companies from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $75.20.

Estée Lauder Companies Trading Down 2.2%

Shares of NYSE EL opened at $64.03 on Thursday. The Estée Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $139.34. 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 50-day moving average of $60.89 and a 200 day moving average of $69.30. The stock has a market cap of $22.99 billion, a P/E ratio of -32.84, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies’s dividend payout ratio is -57.85%.

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.