Allianz Asset Management GmbH Has $34.50 Million Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Allianz Asset Management GmbH boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 798.7% during the fourth quarter, HoldingsChannel reports. The fund owned 460,178 shares of the company’s stock after purchasing an additional 408,975 shares during the quarter. Allianz Asset Management GmbH’s holdings in Estée Lauder Companies were worth $34,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EL. State Street Corp raised its position in shares of Estée Lauder Companies by 9.5% during the third quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after acquiring an additional 913,470 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Estée Lauder Companies by 79.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after purchasing an additional 2,533,006 shares during the period. Van ECK Associates Corp raised its holdings in Estée Lauder Companies by 23.6% during the 4th quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company’s stock worth $374,630,000 after purchasing an additional 954,493 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Estée Lauder Companies by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock worth $464,587,000 after purchasing an additional 70,307 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of Estée Lauder Companies by 80.8% in the 3rd quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after purchasing an additional 1,310,900 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EL shares. TD Cowen lowered their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Piper Sandler lifted their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Bank of America cut their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. DA Davidson reiterated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Wednesday, February 5th. Finally, The Goldman Sachs Group dropped their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Trading Up 0.5 %

EL opened at $71.71 on Monday. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54. The firm has a market capitalization of $25.74 billion, a PE ratio of -36.77, a P/E/G ratio of 6.09 and a beta of 1.03. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The company’s 50-day moving average is $74.83 and its 200 day moving average is $80.89.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.95%. Estée Lauder Companies’s payout ratio is -71.79%.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 43,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the completion of the purchase, the chief financial officer now directly owns 2,381 shares in the company, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by corporate 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.