The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 86.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,454 shares of the company’s stock after buying an additional 41,114 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Estée Lauder Companies were worth $12,936,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Estée Lauder Companies by 0.8% in the third quarter. Vanguard Group Inc. now owns 18,626,625 shares of the company’s stock valued at $2,692,479,000 after purchasing an additional 140,488 shares during the last quarter. Morgan Stanley lifted its holdings in Estée Lauder Companies by 20.0% during the 4th quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock worth $1,739,070,000 after buying an additional 1,167,553 shares during the last quarter. FMR LLC lifted its holdings in Estée Lauder Companies by 35.4% during the 3rd quarter. FMR LLC now owns 5,311,174 shares of the company’s stock worth $767,730,000 after buying an additional 1,387,271 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Estée Lauder Companies by 1.9% during the 1st quarter. Geode Capital Management LLC now owns 4,129,962 shares of the company’s stock worth $1,015,189,000 after buying an additional 77,961 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Estée Lauder Companies by 6.4% during the 1st quarter. JPMorgan Chase & Co. now owns 3,739,004 shares of the company’s stock worth $921,514,000 after buying an additional 224,451 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EL. Citigroup raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $160.00 to $175.00 in a report on Tuesday, April 2nd. The Goldman Sachs Group began coverage on Estée Lauder Companies in a report on Friday, March 1st. They issued a “neutral” rating and a $145.00 price target on the stock. Raymond James raised their price target on Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 6th. Oppenheimer reissued a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Finally, DA Davidson raised their price target on Estée Lauder Companies from $179.00 to $191.00 and gave the stock a “buy” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $168.00.

Estée Lauder Companies Price Performance

Shares of EL stock traded down $0.40 during mid-day trading on Friday, hitting $144.41. 2,324,673 shares of the stock traded hands, compared to its average volume of 2,137,922. The Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $260.46. The firm has a market cap of $51.77 billion, a price-to-earnings ratio of 111.07, a price-to-earnings-growth ratio of 3.77 and a beta of 1.07. The company’s 50-day simple moving average is $146.58 and its 200-day simple moving average is $138.08. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.33. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.19 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.54 EPS. As a group, equities research analysts expect that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 203.08%.

About Estée Lauder Companies

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.