1,062 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Acquired by Stonegate Investment Group LLC

Stonegate Investment Group LLC bought a new stake in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,062 shares of the company’s stock, valued at approximately $393,000.

Several other hedge funds have also bought and sold shares of the stock. Bell Investment Advisors Inc bought a new stake in shares of Estée Lauder Companies during the third quarter worth $25,000. Harbor Investment Advisory LLC lifted its holdings in shares of Estée Lauder Companies by 73.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 80 shares of the company’s stock worth $30,000 after purchasing an additional 34 shares during the period. Mascoma Wealth Management LLC raised its stake in shares of Estée Lauder Companies by 8,400.0% during the 4th quarter. Mascoma Wealth Management LLC now owns 85 shares of the company’s stock worth $31,000 after buying an additional 84 shares during the period. Industrial Alliance Investment Management Inc. acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $32,000. Finally, Allworth Financial LP increased its position in shares of Estée Lauder Companies by 119.4% during the fourth quarter. Allworth Financial LP now owns 147 shares of the company’s stock worth $54,000 after purchasing an additional 80 shares in the last quarter. 58.85% of the stock is owned by hedge funds and other institutional investors.

EL traded down $5.95 during trading on Wednesday, reaching $236.63. The company’s stock had a trading volume of 12,522 shares, compared to its average volume of 1,905,884. The company has a market capitalization of $84.56 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 3.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.75. The company’s fifty day moving average price is $262.83 and its 200-day moving average price is $306.55. The Estée Lauder Companies Inc. has a 52-week low of $225.39 and a 52-week high of $374.20.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.67 by $0.23. The company had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.32 billion. Estée Lauder Companies had a net margin of 18.53% and a return on equity of 45.06%. Estée Lauder Companies’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 earnings per share. Equities analysts predict that The Estée Lauder Companies Inc. will post 7.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, May 27th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 26.26%.

A number of equities research analysts have issued reports on EL shares. UBS Group reduced their price target on Estée Lauder Companies from $352.00 to $326.00 and set a “neutral” rating on the stock in a research report on Friday, February 4th. JPMorgan Chase & Co. reduced their price objective on Estée Lauder Companies from $338.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, March 30th. Citigroup raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $355.00 to $374.00 in a research report on Friday, February 4th. Credit Suisse Group lowered their price target on Estée Lauder Companies from $365.00 to $320.00 in a research report on Wednesday, May 4th. Finally, Piper Sandler cut their price target on Estée Lauder Companies from $380.00 to $350.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies presently has a consensus rating of “Buy” and a consensus target price of $332.29.

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 1,158 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $238.34, for a total transaction of $275,997.72. Following the completion of the transaction, the director now owns 46,828 shares in the company, valued at approximately $11,160,985.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.91% of the company’s stock.

Estée Lauder Companies Company Profile (Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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