VCI Wealth Management LLC Makes New Investment in The Estée Lauder Companies Inc. (NYSE:EL)

VCI Wealth Management LLC bought a new position in shares of The Estée Lauder Companies Inc. (NYSE:ELFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,573 shares of the company’s stock, valued at approximately $568,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Estée Lauder Companies by 79.4% during the third 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. Two Sigma Advisers LP increased its holdings in shares of Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock worth $292,510,000 after buying an additional 1,310,900 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after buying an additional 1,078,926 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in shares of 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 buying an additional 982,183 shares in the last quarter. Finally, Nuance Investments LLC increased 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 worth $105,580,000 after buying an additional 972,799 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Price Performance

EL stock opened at $83.66 on Tuesday. The stock has a market capitalization of $30.03 billion, a PE ratio of 149.39, a price-to-earnings-growth ratio of 5.60 and a beta of 1.02. The company’s 50-day moving average is $75.37 and its 200-day moving average is $84.46. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75.

Estée Lauder Companies (NYSE:ELGet Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue was down 4.5% on a year-over-year basis. Equities research analysts expect that The Estée Lauder Companies Inc. will post 1.51 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.67%. Estée Lauder Companies’s payout ratio is 250.00%.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg bought 75,500 shares of the company’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the transaction, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. CICC Research assumed coverage on Estée Lauder Companies in a report on Friday, December 27th. They issued a “market perform” rating and a $82.00 price objective for the company. Citigroup downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $80.00 in a report on Thursday, October 31st. Royal Bank of Canada decreased their price objective on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, B. Riley decreased their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $92.36.

Check Out Our Latest Report on EL

Estée Lauder Companies Profile

(Free Report)

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.

See Also

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

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