Aviso Financial Inc. Has $277,000 Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Aviso Financial Inc. cut its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,693 shares of the company’s stock after selling 266 shares during the quarter. Aviso Financial Inc.’s holdings in Estée Lauder Companies were worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies during the fourth quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators lifted its holdings 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 in the last quarter. Eagle Bay Advisors LLC boosted its position in 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 buying an additional 300 shares during the last quarter. Golden State Wealth Management LLC bought a new position in Estée Lauder Companies in the 4th quarter valued at $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies in the 3rd quarter valued at $31,000. 55.15% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Estée Lauder Companies Stock Up 2.7 %

EL stock opened at $66.64 on Friday. The company has a market cap of $23.92 billion, a price-to-earnings ratio of -34.17, a P/E/G ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $155.73. The business has a 50 day moving average price of $73.54 and a two-hundred day moving average price of $78.84. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share 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 analysts’ expectations of $3.98 billion. During the same period last year, the business earned $0.88 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. Analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on EL. Telsey Advisory Group restated a “market perform” rating and set a $76.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Barclays reduced their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Piper Sandler upped their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Canaccord Genuity Group reduced their price target on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Finally, Morgan Stanley dropped their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and an average target price of $86.00.

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.