The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 34.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,869 shares of the company’s stock after buying an additional 738 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Estée Lauder Companies were worth $215,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Centre Asset Management LLC acquired a new stake in Estée Lauder Companies during the 4th quarter worth approximately $8,585,000. Franklin Resources Inc. lifted its holdings in Estée Lauder Companies by 47.5% during the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock worth $13,392,000 after buying an additional 45,687 shares in the last quarter. Harrell Investment Partners LLC lifted its holdings in Estée Lauder Companies by 52.1% during the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock worth $771,000 after buying an additional 3,524 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after buying an additional 2,533,006 shares in the last quarter. Finally, Paloma Partners Management Co lifted its holdings in Estée Lauder Companies by 729.4% during the 3rd quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock worth $4,735,000 after buying an additional 41,773 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Up 3.7 %

Shares of Estée Lauder Companies stock opened at $68.97 on Tuesday. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $155.73. 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 company has a market capitalization of $24.76 billion, a P/E ratio of -35.37, a PEG ratio of 6.09 and a beta of 1.08. The company’s fifty day moving average is $73.45 and its two-hundred day moving average is $78.49.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the firm posted $0.88 EPS. Estée Lauder Companies’s revenue for the quarter was down 6.4% on a year-over-year basis. Analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies’s payout ratio is -71.79%.

Insider Activity

In other news, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were 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 in the company, valued at approximately $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EL shares. JPMorgan Chase & Co. raised their price objective on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a report on Friday, January 31st. UBS Group raised their price objective 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. CICC Research started coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective on the stock. Finally, 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 report on Thursday, February 6th. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.