IFM Investors Pty Ltd Buys 5,379 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

IFM Investors Pty Ltd increased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 14.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 41,830 shares of the company’s stock after acquiring an additional 5,379 shares during the period. IFM Investors Pty Ltd’s holdings in Estée Lauder Companies were worth $10,653,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in shares of Estée Lauder Companies in the fourth quarter valued at $25,000. American National Bank boosted its holdings in shares of Estée Lauder Companies by 147.6% in the 1st quarter. American National Bank now owns 104 shares of the company’s stock worth $28,000 after purchasing an additional 62 shares in the last quarter. Icapital Wealth LLC bought a new stake in shares of Estée Lauder Companies in the 1st quarter valued at about $29,000. Key Financial Inc raised its position in Estée Lauder Companies by 2,180.0% during the 1st quarter. Key Financial Inc now owns 114 shares of the company’s stock valued at $31,000 after purchasing an additional 109 shares during the last quarter. Finally, GoalVest Advisory LLC bought a new position in Estée Lauder Companies during the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 56.96% of the company’s stock.

Insider Activity

In other Estée Lauder Companies news, Director Wei Sun Christianson sold 1,056 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $261.52, for a total value of $276,165.12. Following the sale, the director now directly owns 10,402 shares of the company’s stock, valued at $2,720,331.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Estée Lauder Companies news, CEO Fabrizio Freda sold 19,709 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $268.01, for a total value of $5,282,209.09. Following the completion of the transaction, the chief executive officer now owns 116,792 shares in the company, valued at $31,301,423.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Wei Sun Christianson sold 1,056 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $261.52, for a total transaction of $276,165.12. Following the transaction, the director now owns 10,402 shares of the company’s stock, valued at approximately $2,720,331.04. The disclosure for this sale can be found here. Insiders have sold 39,727 shares of company stock valued at $10,591,510 over the last ninety days. 13.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EL shares. JPMorgan Chase & Co. reduced their target price on Estée Lauder Companies from $270.00 to $265.00 in a report on Thursday, July 21st. Piper Sandler increased their price target on Estée Lauder Companies to $325.00 in a report on Monday, August 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Estée Lauder Companies from $266.00 to $280.00 in a report on Friday, August 19th. UBS Group raised their price target on Estée Lauder Companies from $266.00 to $289.00 and gave the company a “neutral” rating in a report on Friday, August 19th. Finally, Royal Bank of Canada decreased their price target on Estée Lauder Companies from $322.00 to $313.00 and set an “outperform” rating on the stock in a report on Friday, August 19th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $317.78.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock opened at $234.91 on Friday. The company has a 50 day moving average price of $259.47 and a 200-day moving average price of $258.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.10 and a current ratio of 1.60. The Estée Lauder Companies Inc. has a fifty-two week low of $225.39 and a fifty-two week high of $374.20. The company has a market capitalization of $83.84 billion, a PE ratio of 36.03, a P/E/G ratio of 3.18 and a beta of 0.99.

Estée Lauder Companies (NYSE:ELGet Rating) last issued its quarterly earnings data on Thursday, August 18th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.48 billion. Estée Lauder Companies had a net margin of 13.48% and a return on equity of 43.78%. Estée Lauder Companies’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. As a group, equities analysts forecast that The Estée Lauder Companies Inc. will post 7.53 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Tuesday, August 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 36.81%.

Estée Lauder Companies Profile

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

Further Reading

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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