The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 21.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,389 shares of the company’s stock after buying an additional 4,141 shares during the quarter. Fisher Asset Management LLC’s holdings in Estée Lauder Companies were worth $1,754,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SVB Wealth LLC purchased a new stake in shares of Estée Lauder Companies during the 4th quarter worth $407,000. U S Global Investors Inc. lifted its holdings in Estée Lauder Companies by 83.3% during the 4th quarter. U S Global Investors Inc. now owns 11,000 shares of the company’s stock worth $825,000 after buying an additional 5,000 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth about $3,390,000. Oppenheimer & Co. Inc. increased its holdings in shares of Estée Lauder Companies by 249.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 9,074 shares of the company’s stock valued at $680,000 after acquiring an additional 6,479 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Estée Lauder Companies during the 4th quarter worth about $709,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava purchased 700 shares of the 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 completion of the transaction, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 430,800 shares in the company, valued at approximately $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. 12.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group upped 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. Wells Fargo & Company upped their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Morgan Stanley cut their price target on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Barclays decreased their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $76.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Twenty 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 company presently has a consensus rating of “Hold” and a consensus target price of $86.00.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $71.91 on Thursday. The company has a market cap of $25.81 billion, a P/E ratio of -36.87, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54. The business has a fifty day moving average of $74.25 and a two-hundred day moving average of $79.89. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the business earned $0.88 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s dividend 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.