Romano Brothers AND Company purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 194 shares of the company’s stock, valued at approximately $48,000.
Other hedge funds also recently made changes to their positions in the company. Vigilant Capital Management LLC grew its position in shares of Estée Lauder Companies by 280.0% in the third quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Estée Lauder Companies by 52.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 116 shares of the company’s stock valued at $29,000 after purchasing an additional 40 shares in the last quarter. CoreCap Advisors LLC purchased a new position in shares of Estée Lauder Companies in the second quarter valued at $33,000. BDO Wealth Advisors LLC grew its position in shares of Estée Lauder Companies by 450.0% in the second quarter. BDO Wealth Advisors LLC now owns 132 shares of the company’s stock valued at $34,000 after purchasing an additional 108 shares in the last quarter. Finally, Align Wealth Management LLC purchased a new position in shares of Estée Lauder Companies in the fourth quarter valued at $35,000. 55.74% of the stock is currently owned by hedge funds and other institutional investors.
Estée Lauder Companies Trading Up 0.1 %
EL opened at $241.87 on Tuesday. The firm has a market cap of $86.40 billion, a P/E ratio of 58.85, a P/E/G ratio of 5.30 and a beta of 1.00. The Estée Lauder Companies Inc. has a 12 month low of $186.47 and a 12 month high of $289.59. The company has a current ratio of 1.66, a quick ratio of 1.11 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average of $253.36 and a 200 day moving average of $238.48.
Estée Lauder Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.09%. The ex-dividend date was Monday, February 27th. Estée Lauder Companies’s payout ratio is currently 64.23%.
Insiders Place Their Bets
In other Estée Lauder Companies news, Director Jennifer Hyman sold 5,234 shares of the firm’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $266.88, for a total value of $1,396,849.92. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at $266,880. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Fabrizio Freda sold 11,705 shares of Estée Lauder Companies stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $270.00, for a total transaction of $3,160,350.00. Following the completion of the sale, the chief executive officer now owns 125,762 shares of the company’s stock, valued at $33,955,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jennifer Hyman sold 5,234 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $266.88, for a total transaction of $1,396,849.92. Following the sale, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $266,880. The disclosure for this sale can be found here. Insiders sold a total of 33,511 shares of company stock valued at $8,943,120 over the last 90 days. Insiders own 12.75% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on EL shares. Telsey Advisory Group boosted their target price on Estée Lauder Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Societe Generale upgraded Estée Lauder Companies from a “hold” rating to a “buy” rating and set a $294.00 target price for the company in a research report on Wednesday, March 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Estée Lauder Companies from $300.00 to $288.00 in a research report on Monday, March 20th. Citigroup started coverage on Estée Lauder Companies in a research note on Thursday, February 16th. They issued a “buy” rating and a $295.00 target price for the company. Finally, Oppenheimer upped their target price on Estée Lauder Companies from $245.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Estée Lauder Companies has an average rating of “Moderate Buy” and a consensus price target of $280.04.
Estée Lauder Companies Profile
The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.
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