Sequoia Financial Advisors LLC Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

Sequoia Financial Advisors LLC purchased a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,780 shares of the company’s stock, valued at approximately $358,000.

Other large investors also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new position in shares of Estée Lauder Companies in the fourth quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators raised its stake in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 158 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Estée Lauder Companies during the 4th quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after buying an additional 141 shares in 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 research firms recently weighed in on EL. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of Estée Lauder Companies in a research report on Friday, January 31st. Canaccord Genuity Group lowered their target price on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Barclays cut their price target on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. DA Davidson reissued a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Finally, Piper Sandler raised their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.00.

Insider Buying and Selling at Estée Lauder Companies

In related news, Director Paul J. Fribourg acquired 43,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. This represents a 11.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akhil Shrivastava bought 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased 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 of the company’s stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by corporate insiders.

Estée Lauder Companies Price Performance

EL stock opened at $68.03 on Wednesday. The business’s fifty day moving average price is $73.33 and its 200 day moving average price is $78.33. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $155.73. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $24.42 billion, a PE ratio of -34.89, a P/E/G ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL) last issued its quarterly 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. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. On average, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.06%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -71.79%.

Estée Lauder Companies 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.