Magnolia Capital Advisors LLC Grows Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Magnolia Capital Advisors LLC raised its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 86.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,164 shares of the company’s stock after purchasing an additional 3,790 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Estée Lauder Companies were worth $612,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EL. Massachusetts Financial Services Co. MA raised its position in Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after purchasing an additional 2,533,006 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Estée Lauder Companies by 80.8% in the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock worth $292,510,000 after acquiring an additional 1,310,900 shares in the last quarter. Van ECK Associates Corp raised its stake in Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after buying an additional 1,078,926 shares in the last quarter. Worldquant Millennium Advisors LLC raised its stake in Estée Lauder Companies by 695.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock valued at $111,994,000 after buying an additional 982,183 shares in the last quarter. Finally, Nuance Investments LLC raised its stake in Estée Lauder Companies by 1,127.5% during the third quarter. Nuance Investments LLC now owns 1,059,080 shares of the company’s stock valued at $105,580,000 after buying an additional 972,799 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $83.51 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The business has a fifty day simple moving average of $77.10 and a 200 day simple moving average of $83.95. The firm has a market cap of $29.98 billion, a price-to-earnings ratio of 149.13, a P/E/G ratio of 5.89 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the company earned $0.11 earnings per share. Estée Lauder Companies’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday. JPMorgan Chase & Co. increased their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. 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. Bank of America cut their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, The Goldman Sachs Group cut their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.95.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 75,500 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the transaction, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This represents a 32.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.78% of the stock is owned by corporate insiders.

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.