National Bank of Canada FI Raises Position in The Estée Lauder Companies Inc. (NYSE:EL)

National Bank of Canada FI boosted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 47.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,476 shares of the company’s stock after buying an additional 33,459 shares during the period. National Bank of Canada FI’s holdings in Estée Lauder Companies were worth $15,951,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Lake Street Advisors Group LLC purchased a new stake in shares of Estée Lauder Companies during the first quarter worth $239,000. Thornburg Investment Management Inc. boosted its position in Estée Lauder Companies by 34.1% during the first quarter. Thornburg Investment Management Inc. now owns 66,939 shares of the company’s stock worth $10,319,000 after acquiring an additional 17,005 shares during the last quarter. Atlanta Consulting Group Advisors LLC purchased a new stake in Estée Lauder Companies during the 1st quarter valued at about $274,000. Mirova raised its holdings in Estée Lauder Companies by 0.9% in the 1st quarter. Mirova now owns 30,799 shares of the company’s stock valued at $4,748,000 after acquiring an additional 278 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Estée Lauder Companies by 4.6% in the 1st quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock valued at $487,612,000 after acquiring an additional 140,416 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EL shares. Wells Fargo & Company dropped their price target on Estée Lauder Companies from $163.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Bernstein Bank upped their target price on Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday, May 1st. Raymond James downgraded Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday. Barclays lowered their price target on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Finally, Piper Sandler cut their price objective on shares of Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Sixteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus price target of $149.63.

Estée Lauder Companies Trading Down 0.2 %

Shares of EL stock traded down $0.16 on Wednesday, hitting $99.80. The stock had a trading volume of 2,467,167 shares, compared to its average volume of 2,830,141. The company’s 50 day moving average price is $114.04 and its 200-day moving average price is $132.01. The Estée Lauder Companies Inc. has a 1 year low of $95.87 and a 1 year high of $183.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The firm has a market capitalization of $35.78 billion, a P/E ratio of 56.07, a P/E/G ratio of 1.85 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. Estée Lauder Companies’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. Analysts anticipate that The Estée Lauder Companies Inc. will post 2.21 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a dividend of $0.66 per share. The ex-dividend date was Friday, May 31st. This represents a $2.64 dividend on an annualized basis and a yield of 2.65%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

Insider Buying and Selling at Estée Lauder Companies

In other news, CFO Tracey Thomas Travis sold 14,493 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total value of $1,967,134.89. Following the sale, the chief financial officer now directly owns 47,248 shares in the company, valued at $6,412,971.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tracey Thomas Travis sold 14,493 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the sale, the chief financial officer now directly owns 47,248 shares in the company, valued at $6,412,971.04. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock valued at $5,453,232 in the last 90 days. Company insiders own 12.77% of the company’s stock.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.