Cambridge Investment Research Advisors Inc. lifted its position in The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 38.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,532 shares of the company’s stock after purchasing an additional 3,227 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Estée Lauder Companies were worth $2,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of EL. IFP Advisors Inc boosted its stake in shares of Estée Lauder Companies by 45.4% during the 3rd quarter. IFP Advisors Inc now owns 1,422 shares of the company’s stock worth $225,000 after purchasing an additional 444 shares during the period. Nicolet Advisory Services LLC purchased a new stake in Estée Lauder Companies in the 3rd quarter valued at about $220,000. NorthRock Partners LLC boosted its position in Estée Lauder Companies by 14.1% in the 3rd quarter. NorthRock Partners LLC now owns 1,957 shares of the company’s stock valued at $423,000 after buying an additional 242 shares during the period. Hollencrest Capital Management purchased a new stake in Estée Lauder Companies in the 4th quarter valued at about $74,000. Finally, Lindbrook Capital LLC boosted its position in Estée Lauder Companies by 3.1% in the 4th quarter. Lindbrook Capital LLC now owns 16,940 shares of the company’s stock valued at $4,203,000 after buying an additional 504 shares during the period. 55.74% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on EL. Barclays lowered their price target on shares of Estée Lauder Companies from $287.00 to $230.00 in a research report on Friday, May 5th. TheStreet lowered shares of Estée Lauder Companies from a “b-” rating to a “c+” rating in a research note on Friday, March 10th. TD Cowen initiated coverage on shares of Estée Lauder Companies in a research note on Tuesday, March 14th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $300.00 to $288.00 in a research note on Monday, March 20th. Finally, Piper Sandler increased their price objective on shares of Estée Lauder Companies from $300.00 to $305.00 in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $264.21.
Estée Lauder Companies Stock Down 1.3 %
Estée Lauder Companies (NYSE:EL – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.04). Estée Lauder Companies had a net margin of 6.88% and a return on equity of 23.99%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the business earned $1.90 EPS. The firm’s revenue was down 11.7% compared to the same quarter last year. Sell-side analysts expect that The Estée Lauder Companies Inc. will post 3.35 earnings per share for the current year.
Estée Lauder Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, May 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 87.71%.
Insider Activity
In other news, EVP Carl P. Haney sold 9,741 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $253.90, for a total transaction of $2,473,239.90. Following the completion of the transaction, the executive vice president now directly owns 4,773 shares in the company, valued at approximately $1,211,864.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 12.75% of the company’s stock.
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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