CIBC Asset Management Inc Sells 3,250 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

CIBC Asset Management Inc cut its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,703 shares of the company’s stock after selling 3,250 shares during the period. CIBC Asset Management Inc’s holdings in Estée Lauder Companies were worth $2,677,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Estée Lauder Companies in the third quarter valued at about $31,000. Ameliora Wealth Management Ltd. purchased a new stake in Estée Lauder Companies in the 4th quarter valued at about $29,000. Golden State Wealth Management LLC bought a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $30,000. Eagle Bay Advisors LLC boosted 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 worth $30,000 after buying an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after acquiring an additional 141 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction that occurred on 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 directly owns 2,381 shares of the company’s stock, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul J. Fribourg purchased 43,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Estée Lauder Companies Trading Up 0.5 %

Shares of EL opened at $71.71 on Friday. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $159.54. The stock has a market cap of $25.74 billion, a PE ratio of -36.77, a P/E/G ratio of 6.09 and a beta of 1.03. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The business’s 50-day moving average price is $74.83 and its 200-day moving average price is $81.05.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping 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 business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. Estée Lauder Companies’s revenue was down 6.4% on a year-over-year basis. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is -71.79%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EL. Wells Fargo & Company lifted their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. DA Davidson reissued a “buy” rating and issued a $81.00 price target on shares of Estée Lauder Companies in a report on Wednesday, February 5th. B. Riley reduced their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Barclays lowered their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Morgan Stanley reduced their target price on shares of 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. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.00.

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.