Bard Financial Services Inc. Has $1.95 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Bard Financial Services Inc. lifted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 45.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,020 shares of the company’s stock after buying an additional 8,070 shares during the quarter. Bard Financial Services Inc.’s holdings in Estée Lauder Companies were worth $1,951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of EL. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies in the third quarter valued at $31,000. Kimelman & Baird LLC bought a new stake in Estée Lauder Companies in the 2nd quarter valued at about $32,000. Ecofi Investissements SA acquired a new position in Estée Lauder Companies during the 2nd quarter worth approximately $53,000. Rakuten Securities Inc. boosted its holdings in Estée Lauder Companies by 752.9% in the third quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock worth $58,000 after acquiring an additional 512 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Estée Lauder Companies by 30.9% in the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after acquiring an additional 151 shares during the period. Institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Stifel Nicolaus lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Thursday, October 31st. DA Davidson restated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Monday, December 23rd. Piper Sandler lifted their price target on Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. downgraded Estée Lauder Companies from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $113.00 to $74.00 in a research note on Friday, November 1st. Finally, B. Riley cut their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and an average price target of $96.41.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock traded up $1.67 during midday trading on Monday, reaching $73.83. The stock had a trading volume of 1,581,194 shares, compared to its average volume of 2,459,506. The firm has a market capitalization of $26.50 billion, a PE ratio of 131.84, a P/E/G ratio of 5.33 and a beta of 1.02. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm’s 50-day moving average price is $73.32 and its 200 day moving average price is $87.86.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 1.46 earnings per share for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Friday, November 29th. Estée Lauder Companies’s payout ratio is presently 250.00%.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 75,500 shares of Estée Lauder Companies stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the transaction, the director now directly owns 310,000 shares in the company, valued at $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.78% of the company’s stock.

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.