Advisory Services Network LLC Increases Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Advisory Services Network LLC lifted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,466 shares of the company’s stock after acquiring an additional 624 shares during the quarter. Advisory Services Network LLC’s holdings in Estée Lauder Companies were worth $260,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EL. Ameliora Wealth Management Ltd. acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth $29,000. Deseret Mutual Benefit Administrators lifted its position in Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after buying an additional 158 shares during the period. Eagle Bay Advisors LLC boosted its position 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 worth $30,000 after acquiring an additional 300 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after acquiring an additional 141 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Akhil Shrivastava purchased 700 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the purchase, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EL. Wells Fargo & Company decreased their price objective on shares of Estée Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on Estée Lauder Companies from $72.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. UBS Group dropped their target price on shares of Estée Lauder Companies from $75.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley dropped their price target on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Stifel Nicolaus cut their target price on shares of Estée Lauder Companies from $77.00 to $67.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $81.57.

Estée Lauder Companies Price Performance

NYSE:EL opened at $54.37 on Friday. The business’s 50-day moving average price is $65.10 and its 200 day moving average price is $73.34. The firm has a market cap of $19.52 billion, a P/E ratio of -27.88, a PEG ratio of 6.09 and a beta of 1.10. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $149.91.

Estée Lauder Companies (NYSE:EL) last issued 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. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the previous year, the firm posted $0.88 EPS. The company’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share 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 dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently -71.79%.

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.