Ossiam Increases Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Ossiam raised its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 81.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,453 shares of the company’s stock after acquiring an additional 14,573 shares during the period. Ossiam’s holdings in Estée Lauder Companies were worth $2,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new stake in Estée Lauder Companies during the 4th quarter worth $29,000. Deseret Mutual Benefit Administrators raised its holdings in shares of Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after buying an additional 158 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Estée Lauder Companies during the fourth quarter worth about $30,000. Eagle Bay Advisors LLC boosted its stake in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EL. Wells Fargo & Company decreased their price objective on Estée Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Morgan Stanley decreased 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of 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. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Finally, Canaccord Genuity Group dropped 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 research note on Wednesday, February 5th. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $81.57.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock opened at $54.37 on Monday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The Estée Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $149.91. The stock has a fifty day moving average of $65.10 and a two-hundred day moving average of $73.02. The company has a market capitalization of $19.52 billion, a price-to-earnings ratio of -27.88, a PEG ratio of 6.09 and a beta of 1.10.

Estée Lauder Companies (NYSE:EL) last announced 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. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the company posted $0.88 EPS. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.57%. Estée Lauder Companies’s payout ratio is currently -71.79%.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Paul J. Fribourg acquired 43,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost 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 in the company, valued at approximately $28,583,580. The trade was a 11.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $156,645.99. This trade represents a 41.64 % 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 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.