1,210 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Purchased by OFI Invest Asset Management

OFI Invest Asset Management acquired a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,210 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Peterson Wealth Services lifted its holdings in Estée Lauder Companies by 9.8% in the fourth quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock worth $113,000 after buying an additional 134 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Estée Lauder Companies by 42.1% in the fourth 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. Blue Trust Inc. lifted its holdings in Estée Lauder Companies by 8.7% in the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock worth $139,000 after buying an additional 148 shares during the period. Farther Finance Advisors LLC lifted its holdings in Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock worth $64,000 after buying an additional 151 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Estée Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after buying an additional 154 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Trading Down 1.8 %

Shares of EL stock opened at $72.00 on Tuesday. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.54. 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 $25.85 billion, a PE ratio of -36.92, a PEG ratio of 6.09 and a beta of 1.08. The stock has a fifty day simple moving average of $74.11 and a two-hundred day simple moving average of $79.39.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue was down 6.4% on a year-over-year basis. On average, analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -71.79%.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Akhil Shrivastava purchased 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Wall Street Analysts Forecast Growth

EL has been the subject of several recent research reports. 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 report on Thursday, February 6th. DA Davidson reiterated a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Canaccord Genuity Group lowered their target price on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. UBS Group lifted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Finally, Piper Sandler lifted their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Twenty research 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, Estée Lauder Companies has a consensus rating of “Hold” and a consensus target price 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.