OFI Invest Asset Management Acquires New Stake in The Estée Lauder Companies Inc. (NYSE:EL)

OFI Invest Asset Management acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,210 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors have also bought and sold shares of EL. Massachusetts Financial Services Co. MA lifted its stake in Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after purchasing an additional 2,533,006 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 in the last quarter. Two Sigma Advisers LP lifted its position in shares of 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 in the last quarter. Worldquant Millennium Advisors LLC lifted its position in shares of 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 in the last quarter. Finally, Nuance Investments LLC lifted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 1.8 %

EL opened at $72.00 on Tuesday. The business’s fifty day simple moving average is $74.11 and its 200 day simple moving average is $79.39. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54. The stock has a market cap of $25.85 billion, a PE ratio of -36.92, a P/E/G ratio of 6.09 and a beta of 1.08. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.35 per share. 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 1.94%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently -71.79%.

Analyst Upgrades and Downgrades

EL has been the topic of several recent research reports. UBS Group increased their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Stifel Nicolaus dropped their target price on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company increased their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and an average price target of $86.00.

Insider Activity

In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the purchase, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul J. Fribourg bought 43,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.