Elo Mutual Pension Insurance Co Has $2.31 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Elo Mutual Pension Insurance Co raised its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 13.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 21,737 shares of the company’s stock after buying an additional 2,493 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Estée Lauder Companies were worth $2,313,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. 9258 Wealth Management LLC increased its holdings in shares of Estée Lauder Companies by 59.3% in the fourth quarter. 9258 Wealth Management LLC now owns 3,043 shares of the company’s stock valued at $445,000 after purchasing an additional 1,133 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Estée Lauder Companies by 1,137.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 399,807 shares of the company’s stock valued at $554,000 after buying an additional 367,503 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Estée Lauder Companies by 11.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,209 shares of the company’s stock worth $615,000 after acquiring an additional 437 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Estée Lauder Companies by 52.1% during the fourth quarter. Assetmark Inc. now owns 17,729 shares of the company’s stock valued at $2,593,000 after acquiring an additional 6,072 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Estée Lauder Companies by 16.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock valued at $98,000 after acquiring an additional 96 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the completion of the sale, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Down 0.6 %

EL stock opened at $87.44 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The stock has a market capitalization of $31.35 billion, a P/E ratio of 49.12, a P/E/G ratio of 1.42 and a beta of 1.00. The Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75. The business has a 50-day moving average of $93.29 and a 200-day moving average of $118.59.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the firm posted $0.07 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s payout ratio is 148.31%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EL. B. Riley assumed coverage on Estée Lauder Companies in a report on Tuesday, September 10th. They set a “neutral” rating and a $95.00 price objective for the company. Citigroup cut their target price on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Bank of America lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $140.00 to $100.00 in a research report on Friday, August 16th. Evercore ISI cut their price target on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Finally, Piper Sandler upgraded shares of Estée Lauder Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $95.00 to $114.00 in a report on Thursday, August 22nd. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and an average target price of $120.27.

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