Oak Thistle LLC Makes New Investment in The Estée Lauder Companies Inc. (NYSE:EL)

Oak Thistle LLC bought a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,061 shares of the company’s stock, valued at approximately $1,129,000.

Several other large investors have also recently modified their holdings of EL. American Century Companies Inc. increased its position in shares of Estée Lauder Companies by 6.2% during the 2nd quarter. American Century Companies Inc. now owns 381,834 shares of the company’s stock valued at $40,627,000 after purchasing an additional 22,309 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Estée Lauder Companies by 1,324.7% during the 2nd quarter. Federated Hermes Inc. now owns 17,738 shares of the company’s stock valued at $1,887,000 after purchasing an additional 16,493 shares during the last quarter. Dai ichi Life Insurance Company Ltd increased its position in shares of Estée Lauder Companies by 30.4% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 1,931 shares of the company’s stock valued at $205,000 after purchasing an additional 450 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Estée Lauder Companies by 4.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,213 shares of the company’s stock valued at $1,938,000 after purchasing an additional 714 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Estée Lauder Companies by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 358,408 shares of the company’s stock valued at $38,135,000 after purchasing an additional 15,333 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In related news, Director Paul J. Fribourg acquired 77,500 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the purchase, the director now owns 234,500 shares of the company’s stock, valued at approximately $15,010,345. This represents a 49.36 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

NYSE EL opened at $73.82 on Wednesday. The firm’s fifty day simple moving average is $73.02 and its two-hundred day simple moving average is $85.96. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. The firm has a market capitalization of $26.50 billion, a P/E ratio of 131.82, a P/E/G ratio of 5.40 and a beta of 1.02.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the previous year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts forecast that The Estée Lauder Companies Inc. will post 1.47 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.90%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. HSBC cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Wednesday, October 16th. Royal Bank of Canada dropped 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. Citigroup cut Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $80.00 in a report on Thursday, October 31st. CICC Research assumed coverage on Estée Lauder Companies in a report on Friday, December 27th. They set a “market perform” rating and a $82.00 price objective for the company. Finally, Piper Sandler boosted their price objective on Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Twenty equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $96.50.

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.