The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 34.6% in the 4th quarter, Holdings Channel reports. The firm owned 2,869 shares of the company’s stock after purchasing an additional 738 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Estée Lauder Companies were worth $215,000 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. Massachusetts Financial Services Co. MA raised its position in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after acquiring an additional 2,533,006 shares during the last quarter. Bank of New York Mellon Corp raised its position in Estée Lauder Companies by 81.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock worth $222,807,000 after acquiring an additional 1,330,840 shares during the last quarter. Two Sigma Advisers LP raised its position in Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock worth $292,510,000 after acquiring an additional 1,310,900 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in Estée Lauder Companies by 695.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock worth $111,994,000 after acquiring an additional 982,183 shares during the last quarter. Finally, Nuance Investments LLC raised its position in Estée Lauder Companies by 1,127.5% during the third quarter. Nuance Investments LLC now owns 1,059,080 shares of the company’s stock worth $105,580,000 after acquiring an additional 972,799 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. CICC Research assumed coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They set a “market perform” rating and a $82.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. DA Davidson reiterated a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a report on Tuesday, February 25th. Morgan Stanley lowered their price target 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. Finally, UBS Group lifted their price target 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.00.

Estée Lauder Companies Price Performance

EL opened at $68.97 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. 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 50 day moving average of $73.45 and a two-hundred day moving average of $78.49. The company has a market cap of $24.76 billion, a P/E ratio of -35.37, a P/E/G ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. Estée Lauder Companies’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given 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 2.03%. Estée Lauder Companies’s payout ratio is currently -71.79%.

Insider Transactions at Estée Lauder Companies

In other news, CFO Akhil Shrivastava bought 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost 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 in the company, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was bought 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

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