The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Atria Investments Inc

Atria Investments Inc increased its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 32.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,174 shares of the company’s stock after buying an additional 1,258 shares during the quarter. Atria Investments Inc’s holdings in Estée Lauder Companies were worth $388,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new stake in Estée Lauder Companies during the 4th quarter worth $29,000. Deseret Mutual Benefit Administrators increased its stake in 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 buying an additional 158 shares during the period. Golden State Wealth Management LLC purchased a new stake in Estée Lauder Companies during the 4th quarter worth $30,000. Eagle Bay Advisors LLC increased its stake in 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 buying an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Piper Sandler lifted their price target 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. DA Davidson reaffirmed a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Canaccord Genuity Group dropped their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $86.00.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akhil Shrivastava purchased 700 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the purchase, the chief financial officer now 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. 12.78% of the stock is currently owned by company insiders.

Estée Lauder Companies Trading Up 2.7 %

NYSE EL opened at $66.64 on Monday. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $155.73. The company has a 50-day simple moving average of $73.54 and a 200-day simple moving average of $78.65. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The firm has a market capitalization of $23.92 billion, a PE ratio of -34.17, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08.

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 analysts’ consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion during 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%. Estée Lauder Companies’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 EPS. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s payout ratio is -71.79%.

Estée Lauder Companies Company 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.