Proficio Capital Partners LLC Makes New $3.39 Million Investment in The Estée Lauder Companies Inc. (NYSE:EL)

Proficio Capital Partners LLC purchased a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,213 shares of the company’s stock, valued at approximately $3,390,000.

Several other institutional investors have also modified their holdings of the business. Peterson Wealth Services lifted its position in shares of Estée Lauder Companies by 9.8% during the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock worth $113,000 after purchasing an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after purchasing an additional 141 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Estée Lauder Companies by 8.7% during the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock worth $139,000 after purchasing an additional 148 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Estée Lauder Companies by 30.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock worth $64,000 after purchasing an additional 151 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in shares of Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EL. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. Canaccord Genuity Group reduced their target price on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Piper Sandler upped their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley reduced their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.00.

Insiders Place Their Bets

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the transaction, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Akhil Shrivastava purchased 700 shares of the stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the transaction, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at approximately $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 Trading Down 3.0 %

Shares of EL opened at $68.04 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The firm’s 50-day moving average is $74.32 and its two-hundred day moving average is $79.94. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.54. The firm has a market capitalization of $24.42 billion, a P/E ratio of -34.89, a PEG ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL) last issued its earnings results 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 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 analyst estimates of $3.98 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business 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 annualized dividend and a yield of 2.06%. Estée Lauder Companies’s payout ratio is currently -71.79%.

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.