The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Flossbach Von Storch SE

Flossbach Von Storch SE boosted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 96.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,998 shares of the company’s stock after purchasing an additional 93,195 shares during the period. Flossbach Von Storch SE owned approximately 0.05% of Estée Lauder Companies worth $14,246,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. acquired a new stake in Estée Lauder Companies during the 4th quarter valued at $29,000. Eagle Bay Advisors LLC grew 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 valued at $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies during the 4th quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in Estée Lauder Companies during the 3rd quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings 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 in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on EL shares. The Goldman Sachs Group reduced their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. B. Riley reduced their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. CICC Research started coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price target on the stock. Barclays reduced 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 research report on Thursday, February 6th. Finally, Piper Sandler raised their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $86.00.

Estée Lauder Companies Stock Down 1.2 %

Estée Lauder Companies stock opened at $71.35 on Thursday. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of -36.59, a PEG ratio of 5.86 and a beta of 1.03. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The company’s 50-day moving average price is $75.19 and its two-hundred day moving average price is $81.26. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.30. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations 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 business’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. On average, analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.96%. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 43,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were acquired 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 directly owns 430,800 shares in the company, valued at approximately $28,583,580. The trade was a 11.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Akhil Shrivastava bought 700 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was purchased 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 owns 2,381 shares of the company’s stock, valued at $156,645.99. This represents a 41.64 % 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.

About Estée Lauder Companies

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.