NEOS Investment Management LLC Increases Stake in The Estée Lauder Companies Inc. (NYSE:EL)

NEOS Investment Management LLC raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,183 shares of the company’s stock after buying an additional 2,483 shares during the quarter. NEOS Investment Management LLC’s holdings in Estée Lauder Companies were worth $839,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EL. Peterson Wealth Services increased its holdings in shares of Estée Lauder Companies by 9.8% in the fourth quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock valued at $113,000 after purchasing an additional 134 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 acquiring an additional 141 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Estée Lauder Companies by 8.7% in the 4th quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock worth $139,000 after acquiring an additional 148 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Estée Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after acquiring an additional 154 shares during the period. Finally, Deseret Mutual Benefit Administrators boosted its position in shares of Estée Lauder Companies by 68.7% during 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 during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on EL. Wells Fargo & Company raised their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Morgan Stanley cut their price target on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Barclays decreased their price objective on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Telsey Advisory Group reiterated a “market perform” rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Finally, DA Davidson restated a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Twenty equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies has a consensus rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Price Performance

Shares of EL opened at $65.42 on Monday. 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 Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $155.73. The company has a market cap of $23.48 billion, a P/E ratio of -33.55, a PEG ratio of 6.09 and a beta of 1.08. The firm’s 50 day moving average price is $72.02 and its 200 day moving average price is $77.09.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data 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. The business had revenue of $4 billion for 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 company’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share. On average, research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

Insider Activity

In other news, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares of the company’s stock, valued at $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. This represents a 11.09 % 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 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.