NorthCrest Asset Manangement LLC acquired a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,265 shares of the company’s stock, valued at approximately $468,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc acquired a new position in shares of Estée Lauder Companies in the 3rd quarter worth approximately $25,000. Harbor Investment Advisory LLC boosted its holdings in shares of Estée Lauder Companies by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 80 shares of the company’s stock worth $30,000 after acquiring an additional 34 shares in the last quarter. Mascoma Wealth Management LLC boosted its holdings in shares of Estée Lauder Companies by 8,400.0% in the 4th quarter. Mascoma Wealth Management LLC now owns 85 shares of the company’s stock worth $31,000 after acquiring an additional 84 shares in the last quarter. Evolution Wealth Advisors LLC boosted its holdings in shares of Estée Lauder Companies by 112.8% in the 3rd quarter. Evolution Wealth Advisors LLC now owns 166 shares of the company’s stock worth $50,000 after acquiring an additional 88 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Estée Lauder Companies by 119.4% in the 4th quarter. Allworth Financial LP now owns 147 shares of the company’s stock worth $54,000 after acquiring an additional 80 shares in the last quarter. 58.85% of the stock is currently owned by institutional investors.
In related news, insider John Demsey sold 23,248 shares of the company’s stock in a transaction on Friday, February 4th. The shares were sold at an average price of $314.10, for a total value of $7,302,196.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carl P. Haney sold 1,152 shares of the company’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $307.94, for a total transaction of $354,746.88. The disclosure for this sale can be found here. Insiders sold a total of 50,816 shares of company stock valued at $15,940,998 in the last three months. 13.95% of the stock is owned by company insiders.
Estée Lauder Companies (NYSE:EL – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.23. Estée Lauder Companies had a net margin of 18.35% and a return on equity of 44.71%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the business earned $1.62 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that The Estée Lauder Companies Inc. will post 7.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, May 27th. Estée Lauder Companies’s dividend payout ratio (DPR) is 26.26%.
Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Estée Lauder Companies from $338.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, March 30th. Piper Sandler dropped their price objective on shares of Estée Lauder Companies from $380.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Estée Lauder Companies from $289.00 to $274.00 in a research report on Wednesday. Stifel Nicolaus dropped their price objective on shares of Estée Lauder Companies from $355.00 to $335.00 and set a “buy” rating for the company in a research report on Tuesday, April 5th. Finally, Oppenheimer dropped their price objective on shares of Estée Lauder Companies from $350.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, March 16th. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $342.45.
Estée Lauder Companies Profile (Get Rating)
The EstÃ©e Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
- Get a free copy of the StockNews.com research report on Estée Lauder Companies (EL)
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