Elo Mutual Pension Insurance Co Sells 2,079 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Elo Mutual Pension Insurance Co lowered its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,619 shares of the company’s stock after selling 2,079 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Estée Lauder Companies were worth $1,396,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies during the fourth quarter worth $29,000. Deseret Mutual Benefit Administrators increased its position in 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 purchasing an additional 158 shares during the period. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies in the fourth quarter worth about $30,000. Eagle Bay Advisors LLC raised its holdings in Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares during the period. Institutional investors own 55.15% of the company’s stock.

Insider Activity at Estée Lauder Companies

In other news, Director Paul J. Fribourg purchased 43,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EL has been the subject of a number of recent research reports. Telsey Advisory Group reissued a “market perform” rating and set a $76.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research note on Friday, January 31st. DA Davidson reaffirmed a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company increased their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Stock Down 2.3 %

NYSE:EL opened at $65.42 on Friday. The company has a market cap of $23.48 billion, a PE ratio of -33.55, a PEG ratio of 6.09 and a beta of 1.08. The stock has a 50-day simple moving average of $72.02 and a 200 day simple moving average of $77.14. 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 $155.73.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 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 was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies’s payout ratio is -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.