Ossiam Has $2.64 Million Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Ossiam boosted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 150.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,051 shares of the company’s stock after buying an additional 10,843 shares during the period. Ossiam’s holdings in Estée Lauder Companies were worth $2,640,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Rakuten Securities Inc. acquired a new stake in shares of Estée Lauder Companies in the 4th quarter valued at approximately $26,000. Sunbelt Securities Inc. grew its stake in shares of Estée Lauder Companies by 82.2% during the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after buying an additional 125 shares during the last quarter. Northwest Financial Advisors acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth $44,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Estée Lauder Companies in the 4th quarter valued at $50,000. Finally, Headinvest LLC bought a new position in shares of Estée Lauder Companies in the 3rd quarter valued at $55,000. 55.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EL shares. Bank of America raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. Bernstein Bank upped their price objective on Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft cut their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday, May 1st. Oppenheimer restated a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Finally, Canaccord Genuity Group dropped their price target on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Sixteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average target price of $160.92.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total value of $1,670,107.32. Following the sale, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Peter Jueptner sold 12,786 shares of Estée Lauder Companies stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $130.62, for a total value of $1,670,107.32. Following the completion of the transaction, the insider now owns 5,578 shares in the company, valued at $728,598.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jane Lauder sold 14,976 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the sale, the executive vice president now owns 57,389 shares in the company, valued at $6,958,990.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,255 shares of company stock worth $5,453,232. Insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Down 2.5 %

EL stock opened at $120.47 on Monday. The stock has a market cap of $43.20 billion, a P/E ratio of 67.68, a P/E/G ratio of 3.30 and a beta of 1.04. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $136.00 and its two-hundred day simple moving average is $139.07. The Estée Lauder Companies Inc. has a 1-year low of $102.22 and a 1-year high of $204.41.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.19%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 148.32%.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.