Jones Financial Companies Lllp Has $8.79 Million Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Jones Financial Companies Lllp increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 44.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 117,259 shares of the company’s stock after buying an additional 36,211 shares during the quarter. Jones Financial Companies Lllp’s holdings in Estée Lauder Companies were worth $8,792,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies during the 4th quarter worth about $29,000. Deseret Mutual Benefit Administrators increased its holdings in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after buying an additional 158 shares during the last quarter. Eagle Bay Advisors LLC raised 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 valued at $30,000 after acquiring an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies in the third quarter worth approximately $31,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Buying and Selling

In other news, Director Paul J. Fribourg bought 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, for a total transaction 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 represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EL. Canaccord Genuity Group cut their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Piper Sandler boosted their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft cut their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus reduced their target price on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a report on Wednesday, February 5th. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.00.

Estée Lauder Companies Stock Down 2.4 %

EL opened at $70.18 on Tuesday. The company has a market capitalization of $25.19 billion, a P/E ratio of -35.99, a P/E/G ratio of 6.09 and a beta of 1.03. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The firm’s fifty day moving average price is $74.46 and its two-hundred day moving average price is $80.13. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion for the quarter, compared to analyst estimates 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 firm’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. On average, analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current 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 issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.99%. Estée Lauder Companies’s payout ratio is presently -71.79%.

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.