Krane Funds Advisors LLC Acquires New Position in The Estée Lauder Companies Inc. (NYSE:EL)

Krane Funds Advisors LLC bought a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,953 shares of the company’s stock, valued at approximately $296,000.

A number of other institutional investors also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies during the 4th quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators raised its position in Estée Lauder Companies by 68.7% in the fourth 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 period. Eagle Bay Advisors LLC lifted its stake in shares of 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 during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Estée Lauder Companies during the 4th quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after purchasing an additional 141 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $81.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Piper Sandler raised their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. 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. Morgan Stanley lowered their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, Canaccord Genuity Group reduced their target price on shares of Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, February 5th. Twenty equities 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 Performance

Shares of Estée Lauder Companies stock opened at $52.89 on Monday. The firm’s fifty day simple moving average is $70.31 and its 200-day simple moving average is $76.27. The Estée Lauder Companies Inc. has a 12 month low of $49.85 and a 12 month high of $149.91. The stock has a market capitalization of $18.99 billion, a price-to-earnings ratio of -27.12, a PEG ratio of 6.09 and a beta of 1.10. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL) last posted 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. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the previous year, the business posted $0.88 earnings per share. Estée Lauder Companies’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.65%. Estée Lauder Companies’s payout ratio is -71.79%.

Insider Buying and Selling at Estée Lauder Companies

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

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.