LGT Capital Partners LTD. Has $2.01 Million Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

LGT Capital Partners LTD. cut its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 91.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 26,840 shares of the company’s stock after selling 281,952 shares during the quarter. LGT Capital Partners LTD.’s holdings in Estée Lauder Companies were worth $2,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new position in shares of Estée Lauder Companies in the 4th quarter valued at $29,000. Deseret Mutual Benefit Administrators increased its stake in shares of Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 158 shares during the last quarter. Eagle Bay Advisors LLC increased its stake in shares of Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Estée Lauder Companies in the 4th quarter valued at $30,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Estée Lauder Companies in the 3rd quarter valued at $31,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Paul J. Fribourg purchased 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased 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 owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Estée Lauder Companies Stock Up 2.5 %

Shares of EL opened at $73.32 on Friday. The company has a market capitalization of $26.32 billion, a PE ratio of -37.60, a PEG ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.54. The stock’s 50-day moving average price is $74.16 and its two-hundred day moving average price is $79.61. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data 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 company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. On average, analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is -71.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EL shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $76.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Piper Sandler lifted 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. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research report on Friday, January 31st. Wells Fargo & Company boosted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. 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 stock presently has a consensus 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.