Kornitzer Capital Management Inc. KS Has $12.94 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Kornitzer Capital Management Inc. KS grew its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 86.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,454 shares of the company’s stock after purchasing an additional 41,114 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Estée Lauder Companies were worth $12,936,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at $26,000. Arlington Trust Co LLC acquired a new stake in Estée Lauder Companies during the 3rd quarter worth $32,000. Chilton Capital Management LLC acquired a new stake in Estée Lauder Companies during the 1st quarter worth $37,000. Cornerstone Planning Group LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter worth $39,000. Finally, Exchange Traded Concepts LLC raised its stake in Estée Lauder Companies by 1,900.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock worth $40,000 after buying an additional 266 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock traded down $0.40 during midday trading on Friday, reaching $144.41. 2,324,673 shares of the company’s stock were exchanged, compared to its average volume of 2,137,922. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $260.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The firm has a market cap of $51.77 billion, a price-to-earnings ratio of 111.07, a P/E/G ratio of 3.77 and a beta of 1.07. The stock’s 50-day simple moving average is $146.58 and its 200 day simple moving average is $138.08.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.19 billion. During the same quarter last year, the company posted $1.54 earnings per share. Estée Lauder Companies’s quarterly revenue was down 7.4% on a year-over-year basis. On average, analysts expect that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Wednesday, February 28th. Estée Lauder Companies’s payout ratio is currently 203.08%.

Analysts Set New Price Targets

Several brokerages recently commented on EL. Telsey Advisory Group raised their price objective on Estée Lauder Companies from $115.00 to $155.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group began coverage on Estée Lauder Companies in a research note on Friday, March 1st. They set a “neutral” rating and a $145.00 price objective on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. DA Davidson lifted their price target on Estée Lauder Companies from $179.00 to $191.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Finally, Barclays lifted their price target on Estée Lauder Companies from $141.00 to $146.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $168.00.

About Estée Lauder Companies

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.