Sumitomo Mitsui DS Asset Management Company Ltd Has $1.83 Million Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,462 shares of the company’s stock after buying an additional 338 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Estée Lauder Companies were worth $1,834,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Estée Lauder Companies in the third quarter valued at approximately $31,000. Eagle Bay Advisors LLC raised its stake in Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings 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 purchasing an additional 141 shares during the period. Rakuten Securities Inc. grew its position in Estée Lauder Companies by 752.9% in the 3rd quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock worth $58,000 after purchasing an additional 512 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Estée Lauder Companies by 30.9% in 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. 55.15% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Paul J. Fribourg purchased 75,500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the acquisition, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 196,700 shares of company stock valued at $12,762,093 over the last three months. 12.78% of the stock is owned by insiders.

Analysts Set New Price Targets

EL has been the subject of several research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research report on Wednesday, January 22nd. UBS Group boosted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. 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 for the company. Finally, DA Davidson reissued a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a report on Wednesday, February 5th. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Trading Up 5.7 %

EL stock opened at $68.74 on Tuesday. The business has a fifty day moving average price of $76.72 and a 200 day moving average price of $82.77. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of -35.25, a P/E/G ratio of 5.43 and a beta of 1.03.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. Analysts expect that The Estée Lauder Companies Inc. will post 1.37 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. Estée Lauder Companies’s payout ratio is -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.