Anthracite Investment Company Inc. Invests $438,000 in The Estée Lauder Companies Inc. (NYSE:EL)

Anthracite Investment Company Inc. bought a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,838 shares of the company’s stock, valued at approximately $438,000.

A number of other institutional investors also recently modified their holdings of EL. Centre Asset Management LLC bought a new position in Estée Lauder Companies in the fourth quarter valued at about $8,585,000. Franklin Resources Inc. grew its holdings in shares of Estée Lauder Companies by 47.5% during the 3rd quarter. Franklin Resources Inc. now owns 141,804 shares of the company’s stock valued at $13,392,000 after purchasing an additional 45,687 shares during the last quarter. Harrell Investment Partners LLC increased its position in Estée Lauder Companies by 52.1% during the 4th quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company’s stock worth $771,000 after purchasing an additional 3,524 shares in the last quarter. Paloma Partners Management Co raised its position in Estée Lauder Companies by 729.4% in the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company’s stock valued at $4,735,000 after purchasing an additional 41,773 shares during the last quarter. Finally, Washington Capital Management Inc. bought a new stake in Estée Lauder Companies during the 4th quarter worth approximately $352,000. Institutional investors own 55.15% of the company’s stock.

Insider Activity at Estée Lauder Companies

In related news, Director Paul J. Fribourg purchased 43,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were 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 directly owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Akhil Shrivastava purchased 700 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the transaction, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. The trade was 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 insiders.

Wall Street Analysts Forecast Growth

EL has been the subject of several recent research reports. CICC Research initiated coverage on Estée Lauder Companies in a research note on Friday, December 27th. They issued a “market perform” rating and a $82.00 price target for the company. Wells Fargo & Company lifted their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Morgan Stanley cut their price target on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Canaccord Genuity Group dropped their price objective on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of Estée Lauder Companies in a research note on Friday, January 31st. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Stock Down 2.0 %

EL opened at $66.07 on Wednesday. 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 business’s 50-day moving average price is $72.66 and its 200-day moving average price is $77.50. The company has a market cap of $23.72 billion, a P/E ratio of -33.88, a P/E/G ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion for 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%. Estée Lauder Companies’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies’s payout ratio is -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.