Impax Asset Management Group plc Sells 4,476 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Impax Asset Management Group plc lessened its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 79,022 shares of the company’s stock after selling 4,476 shares during the period. Impax Asset Management Group plc’s holdings in Estée Lauder Companies were worth $5,925,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EL. Ameliora Wealth Management Ltd. purchased a new position in shares of Estée Lauder Companies in the fourth quarter valued at about $29,000. Deseret Mutual Benefit Administrators lifted its position in shares of Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after acquiring an additional 158 shares in the last quarter. Eagle Bay Advisors LLC lifted its position in shares of Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Estée Lauder Companies in the fourth quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Estée Lauder Companies in the third quarter valued at about $31,000. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Trading Up 4.6 %

EL opened at $75.09 on Tuesday. The stock has a market cap of $26.96 billion, a price-to-earnings ratio of -38.51, a P/E/G ratio of 6.09 and a beta of 1.03. The stock’s 50 day moving average price is $74.74 and its 200-day moving average price is $80.77. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54. 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 released its earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.86%. Estée Lauder Companies’s dividend payout ratio is -71.79%.

Analyst Upgrades and Downgrades

EL has been the topic of a number of research analyst reports. B. Riley decreased their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. TD Cowen decreased their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Barclays decreased their target price on 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. Piper Sandler boosted their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group decreased their target price on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and a consensus target price of $86.00.

Insider Activity

In other news, CFO Akhil Shrivastava acquired 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the purchase, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

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.