Sequoia Financial Advisors LLC Takes $358,000 Position in The Estée Lauder Companies Inc. (NYSE:EL)

Sequoia Financial Advisors LLC acquired a new position in 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 & Exchange Commission. The institutional investor acquired 4,780 shares of the company’s stock, valued at approximately $358,000.

Several other institutional investors also recently bought and sold shares of EL. Peterson Wealth Services grew 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 buying an additional 134 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after acquiring an additional 141 shares during the period. Blue Trust Inc. grew its holdings in 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 acquiring an additional 148 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Estée Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock valued at $36,000 after purchasing an additional 154 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its holdings in shares of Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 158 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on EL. Telsey Advisory Group reiterated a “market perform” rating and set a $76.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Canaccord Genuity Group cut their price target on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research report on Friday, January 31st. Piper Sandler raised their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, UBS Group boosted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $86.00.

Insider Activity

In other news, CFO Akhil Shrivastava bought 700 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Trading Down 1.2 %

Estée Lauder Companies stock opened at $68.03 on Wednesday. The stock has a 50-day moving average price of $73.33 and a 200 day moving average price of $78.33. The company has a market capitalization of $24.42 billion, a price-to-earnings ratio of -34.89, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $155.73. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. Sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.06%. Estée Lauder Companies’s payout ratio is currently -71.79%.

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.