The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC grew its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 19.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,923 shares of the company’s stock after acquiring an additional 2,607 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Estée Lauder Companies were worth $1,194,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC increased its position in Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies during the 3rd quarter worth approximately $31,000. Kimelman & Baird LLC purchased a new stake in shares of Estée Lauder Companies during the 2nd quarter valued at approximately $32,000. Ecofi Investissements SA purchased a new stake in shares of Estée Lauder Companies during the 2nd quarter valued at approximately $53,000. Finally, Rakuten Securities Inc. lifted its holdings in Estée Lauder Companies by 752.9% in the third quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock valued at $58,000 after acquiring an additional 512 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $77.86 on Friday. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. The stock’s 50-day moving average price is $73.48 and its 200 day moving average price is $85.83. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $27.95 billion, a PE ratio of 139.04, a price-to-earnings-growth ratio of 5.02 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 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.48 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s payout ratio is 250.00%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research firms have commented on EL. CICC Research began coverage on Estée Lauder Companies in a research report on Friday, December 27th. They issued a “market perform” rating and a $82.00 target price on the stock. UBS Group boosted their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday. Barclays lifted their price target on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday. Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $105.00 to $80.00 in a research report on Thursday, October 31st. Finally, Morgan Stanley dropped their price objective on Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and a consensus price target of $93.55.

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.