Ameliora Wealth Management Ltd. Buys New Position in The Estée Lauder Companies Inc. (NYSE:EL)

Ameliora Wealth Management Ltd. bought a new stake in The Estée Lauder Companies Inc. (NYSE:EL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 385 shares of the company’s stock, valued at approximately $29,000.

A number of other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position 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 worth $570,600,000 after acquiring an additional 2,533,006 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Estée Lauder Companies by 80.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after buying an additional 1,310,900 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Estée Lauder Companies by 36.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after buying an additional 1,078,926 shares during the period. Worldquant Millennium Advisors LLC lifted its holdings in shares of Estée Lauder Companies by 695.4% in 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 period. Finally, Nuance Investments LLC lifted its holdings in shares of Estée Lauder Companies by 1,127.5% in the 3rd quarter. Nuance Investments LLC now owns 1,059,080 shares of the company’s stock valued at $105,580,000 after buying an additional 972,799 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Estée Lauder Companies

In related news, Director Paul J. Fribourg purchased 75,500 shares of Estée Lauder Companies stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the acquisition, the director now directly owns 310,000 shares in the company, valued at approximately $20,128,300. This trade represents a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 12.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EL. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Estée Lauder Companies in a research note on Friday, January 31st. DA Davidson reissued a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a research report on Wednesday. Wells Fargo & Company lifted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Piper Sandler lifted their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, TD Cowen lowered their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Stock Performance

Shares of EL opened at $64.34 on Friday. The company’s 50 day moving average price is $77.05 and its 200 day moving average price is $83.39. The company has a market capitalization of $23.10 billion, a PE ratio of 114.89, a PEG ratio of 5.89 and a beta of 1.03. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the business posted $0.88 EPS. Estée Lauder Companies’s quarterly revenue was down 6.4% on a year-over-year basis. Research analysts expect that The Estée Lauder Companies Inc. will post 1.5 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid 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 yield of 2.18%. Estée Lauder Companies’s payout ratio is presently 250.00%.

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.