SRS Capital Advisors Inc. Has $137,000 Position in The Estée Lauder Companies Inc. (NYSE:EL)

SRS Capital Advisors Inc. increased its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 4,054.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,828 shares of the company’s stock after purchasing an additional 1,784 shares during the period. SRS Capital Advisors Inc.’s holdings in Estée Lauder Companies were worth $137,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its stake in shares of Estée Lauder Companies by 79.4% in the 3rd 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. Bank of New York Mellon Corp boosted its stake in Estée Lauder Companies by 81.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock valued at $222,807,000 after buying an additional 1,330,840 shares in the last quarter. Two Sigma Advisers LP grew its position in 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 valued at $292,510,000 after acquiring an additional 1,310,900 shares during the period. 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 worth $111,994,000 after acquiring an additional 982,183 shares in the last quarter. Finally, Nuance Investments LLC lifted its holdings in shares of 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 acquiring an additional 972,799 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Trading Up 5.6 %

Shares of NYSE EL opened at $71.91 on Thursday. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54. The firm has a market capitalization of $25.81 billion, a P/E ratio of -36.87, a P/E/G ratio of 6.09 and a beta of 1.08. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The company’s 50 day simple moving average is $74.25 and its 200 day simple moving average is $79.89.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The firm’s quarterly 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 year.

Estée Lauder Companies Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently -71.79%.

Insider Transactions at Estée Lauder Companies

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

Analyst Ratings Changes

Several research firms have recently weighed in on EL. Piper Sandler upped their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Stifel Nicolaus decreased their price objective on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.00.

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.