Savant Capital LLC Purchases Shares of 18,478 The Estée Lauder Companies Inc. (NYSE:EL)

Savant Capital LLC acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,478 shares of the company’s stock, valued at approximately $1,385,000.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its stake in Estée Lauder Companies by 9.5% during the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after acquiring an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Estée Lauder Companies by 79.4% during the third 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Estée Lauder Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after purchasing an additional 70,307 shares in the last quarter. Van ECK Associates Corp grew its position in Estée Lauder Companies by 36.4% in the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after purchasing an additional 1,078,926 shares in the last quarter. Finally, Two Sigma Advisers LP increased its stake in 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 buying an additional 1,310,900 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Paul J. Fribourg purchased 43,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the acquisition, the director now directly owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. The trade was a 41.64 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 119,200 shares of company stock worth $7,801,318. Corporate insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Up 1.0 %

Shares of NYSE EL opened at $69.72 on Friday. The business has a 50-day simple moving average of $76.23 and a two-hundred day simple moving average of $82.25. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54. The company has a market cap of $25.03 billion, a P/E ratio of -35.75, a P/E/G ratio of 5.43 and a beta of 1.03. The company has a quick ratio of 0.90, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion during 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%. Estée Lauder Companies’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share. Research analysts anticipate that The Estée Lauder Companies Inc. will post 1.37 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued 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 2.01%. Estée Lauder Companies’s payout ratio is currently -71.79%.

Wall Street Analyst Weigh In

EL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. DA Davidson reaffirmed a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a research report on Wednesday, February 5th. Piper Sandler boosted their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Barclays decreased their price objective on shares of 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. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.00.

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, and powders, as well as compacts, brushes, and other makeup tools.