Sumitomo Mitsui DS Asset Management Company Ltd Has $1.83 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 24,462 shares of the company’s stock after acquiring an additional 338 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Estée Lauder Companies were worth $1,834,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EL. Eagle Bay Advisors LLC increased 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 valued at $30,000 after acquiring an additional 300 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Estée Lauder Companies during the third quarter valued at approximately $31,000. MassMutual Private Wealth & Trust FSB grew its holdings in Estée Lauder Companies by 42.1% during 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. Union Bancaire Privee UBP SA bought a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $50,000. Finally, Rakuten Securities Inc. raised its holdings in Estée Lauder Companies by 752.9% in the third quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock worth $58,000 after purchasing an additional 512 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of EL opened at $68.74 on Tuesday. The company has a market cap 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 firm has a 50-day moving average of $76.72 and a 200-day moving average of $82.77. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.90.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. Estée Lauder Companies’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. As a group, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.37 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. Estée Lauder Companies’s dividend payout ratio (DPR) is -71.79%.

Insiders Place Their Bets

In other news, CFO Akhil Shrivastava purchased 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Fribourg acquired 75,500 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the completion of the acquisition, the director now owns 310,000 shares in the company, valued at approximately $20,128,300. This represents a 32.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 196,700 shares of company stock valued at $12,762,093 over the last ninety days. 12.78% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EL. The Goldman Sachs Group decreased their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Piper Sandler lifted their price objective on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. 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. JPMorgan Chase & Co. lifted their price target on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, CICC Research assumed coverage on shares of 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.00.

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.