Cibc World Markets Corp Boosts Position in The Estée Lauder Companies Inc. (NYSE:EL)

Cibc World Markets Corp grew its position in The Estée Lauder Companies Inc. (NYSE:EL) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,569 shares of the company’s stock after buying an additional 12,192 shares during the quarter. Cibc World Markets Corp’s holdings in Estée Lauder Companies were worth $6,866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after acquiring an additional 2,533,006 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Estée Lauder Companies by 81.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock worth $222,807,000 after purchasing an additional 1,330,840 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Estée Lauder Companies by 80.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock worth $292,510,000 after purchasing an additional 1,310,900 shares during the last quarter. Worldquant Millennium Advisors LLC grew its holdings in Estée Lauder Companies by 695.4% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock valued at $111,994,000 after buying an additional 982,183 shares during the last quarter. Finally, Nuance Investments LLC increased 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 buying an additional 972,799 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg acquired 43,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Akhil Shrivastava acquired 700 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was purchased 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 $156,645.99. The trade was a 41.64 % 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.

Analyst Ratings Changes

A number of analysts recently commented on the company. Piper Sandler increased their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. 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. Canaccord Genuity Group reduced their price objective on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of 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. Finally, Morgan Stanley cut their price target on 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. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.00.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $68.03 on Wednesday. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $155.73. The firm has a market capitalization of $24.42 billion, a price-to-earnings ratio of -34.89, a PEG ratio of 6.09 and a beta of 1.08. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The firm’s fifty day simple moving average is $73.33 and its 200 day simple moving average is $78.33.

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, topping the consensus estimate of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to the consensus estimate 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 company’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. As a group, equities research analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.06%. Estée Lauder Companies’s dividend payout ratio is currently -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.