The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by IFP Advisors Inc

IFP Advisors Inc grew its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 56.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,257 shares of the company’s stock after acquiring an additional 451 shares during the period. IFP Advisors Inc’s holdings in Estée Lauder Companies were worth $94,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EL. Ameliora Wealth Management Ltd. acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $29,000. Deseret Mutual Benefit Administrators raised its position in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares during the last quarter. Eagle Bay Advisors LLC raised its position in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Estée Lauder Companies during the 3rd quarter worth approximately $31,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Estée Lauder Companies

In other news, CFO Akhil Shrivastava acquired 700 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. This represents a 41.64 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul J. Fribourg acquired 43,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now directly owns 430,800 shares in the company, 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. Company insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $71.91 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $25.81 billion, a price-to-earnings ratio of -36.87, a PEG ratio of 6.09 and a beta of 1.08. The firm’s fifty day simple moving average is $74.25 and its 200 day simple moving average is $79.89. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.54.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. As a group, equities research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.95%. Estée Lauder Companies’s payout ratio is -71.79%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EL. DA Davidson restated a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Barclays lowered their target price on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Morgan Stanley lowered their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Piper Sandler lifted their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies 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.