10,005 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Purchased by Waterfront Wealth Inc.

Waterfront Wealth Inc. acquired a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,005 shares of the company’s stock, valued at approximately $750,000.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Estée Lauder Companies by 32.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,502 shares of the company’s stock valued at $1,446,000 after acquiring an additional 3,562 shares during the period. Signaturefd LLC increased its holdings in Estée Lauder Companies by 33.8% in the 3rd quarter. Signaturefd LLC now owns 3,122 shares of the company’s stock valued at $311,000 after purchasing an additional 789 shares during the last quarter. Eastern Bank purchased a new stake in Estée Lauder Companies in the third quarter valued at approximately $153,000. Commerzbank Aktiengesellschaft FI purchased a new stake in Estée Lauder Companies in the third quarter valued at approximately $224,000. Finally, Greenleaf Trust lifted its stake in Estée Lauder Companies by 59.0% during the third quarter. Greenleaf Trust now owns 4,620 shares of the company’s stock worth $461,000 after purchasing an additional 1,715 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group dropped their price objective on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley dropped their target price on 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. Piper Sandler increased their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group lowered their price objective on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen cut their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.00.

Insiders Place Their Bets

In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of the business’s stock in a transaction dated 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 acquisition, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. The trade was a 41.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg purchased 43,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired 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 in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

EL stock opened at $71.71 on Friday. The business has a 50 day moving average price of $74.83 and a 200 day moving average price of $81.05. The stock has a market cap of $25.74 billion, a price-to-earnings ratio of -36.77, a PEG ratio of 6.09 and a beta of 1.03. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.54. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last released 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. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the company earned $0.88 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 1.95%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s payout ratio is -71.79%.

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.