Geode Capital Management LLC Has $358.52 Million Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Geode Capital Management LLC increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,796,317 shares of the company's stock after acquiring an additional 117,163 shares during the period. Geode Capital Management LLC owned about 1.34% of Estée Lauder Companies worth $358,515,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other institutional investors have also made changes to their positions in EL. Ameliora Wealth Management Ltd. bought a new position in Estée Lauder Companies during the fourth quarter valued at about $29,000. Deseret Mutual Benefit Administrators raised its stake in shares of Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after acquiring an additional 158 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in 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 purchasing an additional 300 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies during the fourth quarter valued at approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its position 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 purchasing an additional 141 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Estée Lauder Companies Stock Performance

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NYSE:EL opened at $52.89 on Friday. The stock has a market capitalization of $18.99 billion, a P/E ratio of -27.12, a price-to-earnings-growth ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 1 year low of $51.48 and a 1 year high of $149.91. The firm has a 50 day moving average of $70.31 and a 200-day moving average of $76.43. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm's quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. As a group, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EL. Piper Sandler lifted their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. CICC Research started 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. Morgan Stanley dropped their target price 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. Stifel Nicolaus reduced their price target on shares of Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $76.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $86.00.

Get Our Latest Stock Report on EL

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.

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