Deseret Mutual Benefit Administrators Increases Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Deseret Mutual Benefit Administrators lifted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 68.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 388 shares of the company’s stock after purchasing an additional 158 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Estée Lauder Companies were worth $29,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies in the fourth quarter valued at about $29,000. Eagle Bay Advisors LLC grew its holdings in shares of Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Estée Lauder Companies in the fourth quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of Estée Lauder Companies in the third quarter valued at about $31,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The stock was bought at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul J. Fribourg bought 43,000 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the acquisition, the director now 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 disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Estée Lauder Companies Stock Performance

Shares of EL opened at $71.71 on Friday. 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 has a market cap of $25.74 billion, a PE ratio of -36.77, a price-to-earnings-growth ratio of 6.09 and a beta of 1.03. The company’s 50 day simple moving average is $74.83 and its 200-day simple moving average is $80.96. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.54.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.95%. Estée Lauder Companies’s dividend payout ratio (DPR) is -71.79%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler increased their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Bank of America lowered their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. TD Cowen lowered their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group reduced their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $86.00.

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.