DORCHESTER WEALTH MANAGEMENT Co Acquires 504 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

DORCHESTER WEALTH MANAGEMENT Co raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,380 shares of the company’s stock after acquiring an additional 504 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Estée Lauder Companies were worth $403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pekin Hardy Strauss Inc. raised its holdings in Estée Lauder Companies by 40.1% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 112,630 shares of the company’s stock valued at $8,445,000 after acquiring an additional 32,259 shares during the period. Deseret Mutual Benefit Administrators increased its holdings in shares of Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Estée Lauder Companies by 798.7% in the fourth quarter. Allianz Asset Management GmbH now owns 460,178 shares of the company’s stock worth $34,504,000 after purchasing an additional 408,975 shares during the last quarter. Waterfront Wealth Inc. bought a new stake in shares of Estée Lauder Companies in the fourth quarter worth about $750,000. Finally, Flossbach Von Storch SE increased its holdings in shares of Estée Lauder Companies by 96.3% in the fourth quarter. Flossbach Von Storch SE now owns 189,998 shares of the company’s stock worth $14,246,000 after purchasing an additional 93,195 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EL. UBS Group lifted their target price on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Morgan Stanley reduced their target price on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. DA Davidson reaffirmed a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a report on Wednesday, February 5th. Piper Sandler lifted their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, TD Cowen dropped their price target on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $86.00.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg acquired 43,000 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies 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 purchase, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. This 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 owned by company insiders.

Estée Lauder Companies Stock Up 0.5 %

Shares of NYSE:EL opened at $71.71 on Friday. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.54. The business has a 50 day simple moving average of $74.83 and a two-hundred day simple moving average of $80.96. The firm has a market capitalization of $25.74 billion, a PE ratio of -36.77, a price-to-earnings-growth ratio of 6.09 and a beta of 1.03. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The firm 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%. Estée Lauder Companies’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. On average, equities analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.95%. Estée Lauder Companies’s payout ratio is -71.79%.

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.