State of Alaska Department of Revenue Sells 4,150 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

State of Alaska Department of Revenue cut its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,616 shares of the company’s stock after selling 4,150 shares during the period. State of Alaska Department of Revenue’s holdings in Estée Lauder Companies were worth $1,995,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC grew its stake in Estée Lauder Companies by 28.7% in the third quarter. CWM LLC now owns 4,930 shares of the company’s stock valued at $491,000 after purchasing an additional 1,099 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Estée Lauder Companies by 294.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,010 shares of the company’s stock valued at $200,000 after buying an additional 1,500 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Estée Lauder Companies by 1,931.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,622 shares of the company’s stock worth $660,000 after buying an additional 6,296 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Estée Lauder Companies by 22.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 349,173 shares of the company’s stock worth $34,809,000 after buying an additional 64,688 shares during the last quarter. Finally, nVerses Capital LLC raised its stake in shares of Estée Lauder Companies by 676.9% during the 3rd quarter. nVerses Capital LLC now owns 10,100 shares of the company’s stock worth $1,007,000 after acquiring an additional 8,800 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul J. Fribourg purchased 75,500 shares of Estée Lauder Companies stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Akhil Shrivastava purchased 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, for a total transaction 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 represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 196,700 shares of company stock valued at $12,762,093. 12.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EL shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a report on Friday, January 31st. Piper Sandler increased their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. TD Cowen decreased their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies has an average rating of “Hold” and an average price target of $86.00.

Estée Lauder Companies Trading Up 3.0 %

Shares of NYSE:EL opened at $70.80 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.90 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.54. The business has a 50 day moving average of $76.57 and a two-hundred day moving average of $82.56. The company has a market capitalization of $25.42 billion, a PE ratio of -36.31, a PEG ratio of 5.43 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion during 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 period in the previous year, the business posted $0.88 EPS. As a group, analysts forecast that The Estée Lauder Companies Inc. will post 1.37 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 1.98%. Estée Lauder Companies’s dividend payout ratio is presently -71.79%.

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.