452,699 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Bought by Cambiar Investors LLC

Cambiar Investors LLC acquired a new position in The Estée Lauder Companies Inc. (NYSE:EL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 452,699 shares of the company’s stock, valued at approximately $33,943,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies during the 4th quarter valued at $29,000. Eagle Bay Advisors LLC boosted its holdings in Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the period. Golden State Wealth Management LLC purchased a new stake in Estée Lauder Companies during the 4th quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new stake in Estée Lauder Companies during the 3rd quarter valued at about $31,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after buying an additional 141 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In other news, CFO Akhil Shrivastava bought 700 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were bought at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now directly owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg bought 77,500 shares of the business’s stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the transaction, the director now owns 234,500 shares of the company’s stock, valued at $15,010,345. This trade represents a 49.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 196,700 shares of company stock worth $12,762,093 in the last ninety days. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

NYSE:EL opened at $68.74 on Tuesday. 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 quick ratio of 0.90, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $24.68 billion, a PE ratio of -35.25, a price-to-earnings-growth ratio of 5.43 and a beta of 1.03. The stock’s 50-day moving average price is $76.72 and its 200-day moving average price is $82.77.

Estée Lauder Companies (NYSE:EL) last posted its earnings results 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 positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period last year, the firm earned $0.88 EPS. The company’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities analysts expect that The Estée Lauder Companies Inc. will post 1.37 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

Analyst Ratings Changes

A number of research firms have recently commented on EL. DA Davidson restated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research note on Wednesday, February 5th. HSBC lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Wednesday, October 16th. UBS Group raised their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Piper Sandler raised their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, CICC Research assumed coverage on Estée Lauder Companies in a research report on Friday, December 27th. They set a “market perform” rating and a $82.00 price objective for the company. Twenty research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.