Allianz Asset Management GmbH Has $34.50 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Allianz Asset Management GmbH increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 798.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,178 shares of the company’s stock after acquiring an additional 408,975 shares during the period. Allianz Asset Management GmbH owned about 0.13% of Estée Lauder Companies worth $34,504,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies in the 3rd quarter valued at about $31,000. Ameliora Wealth Management Ltd. bought a new position in shares of Estée Lauder Companies during the fourth quarter worth about $29,000. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies in the 4th quarter valued at approximately $30,000. Eagle Bay Advisors LLC raised its position in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Estée Lauder Companies Stock Up 0.5 %

Shares of EL opened at $71.71 on Monday. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54. The firm’s 50-day simple moving average is $74.83 and its 200 day simple moving average is $80.89. 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 firm has a market cap of $25.74 billion, a P/E ratio of -36.77, a price-to-earnings-growth ratio of 6.09 and a beta of 1.03.

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

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.95%. Estée Lauder Companies’s payout ratio is presently -71.79%.

Analyst Ratings Changes

A number of analysts have recently issued reports on EL shares. TD Cowen lowered their price objective on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 1st. UBS Group lifted their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. The Goldman Sachs Group reduced their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company lifted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.00.

Estée Lauder Companies 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.