Caisse Des Depots ET Consignations Invests $15.19 Million in The Estée Lauder Companies Inc. (NYSE:EL)

Caisse Des Depots ET Consignations bought a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 202,550 shares of the company’s stock, valued at approximately $15,187,000. Estée Lauder Companies comprises 0.7% of Caisse Des Depots ET Consignations’ investment portfolio, making the stock its 20th biggest position. Caisse Des Depots ET Consignations owned about 0.06% of Estée Lauder Companies as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EL. Vanguard Group Inc. grew its stake in shares of Estée Lauder Companies by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock valued at $2,025,532,000 after purchasing an additional 2,344,210 shares during the last quarter. State Street Corp boosted its holdings in Estée Lauder Companies by 9.5% in the third quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after acquiring an additional 913,470 shares during the last quarter. Van ECK Associates Corp boosted its position in Estée Lauder Companies by 23.6% during the 4th quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company’s stock worth $374,630,000 after purchasing an additional 954,493 shares during the period. Geode Capital Management LLC lifted its position in shares of Estée Lauder Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock worth $464,587,000 after purchasing an additional 70,307 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Estée Lauder Companies by 11,026.8% during the 4th quarter. American Century Companies Inc. now owns 3,343,607 shares of the company’s stock valued at $250,704,000 after purchasing an additional 3,313,557 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Akhil Shrivastava bought 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was purchased 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 owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul J. Fribourg purchased 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 purchase, the director now owns 430,800 shares of the company’s stock, 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. 12.78% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EL shares. Telsey Advisory Group reiterated a “market perform” rating and set a $76.00 price target on shares of Estée Lauder Companies in a research report on Tuesday, February 4th. Piper Sandler increased their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company raised their price target on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Barclays decreased their target price on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Finally, Morgan Stanley reduced 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. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Stock Down 0.4 %

Shares of NYSE EL opened at $65.83 on Thursday. The company’s 50-day simple moving average is $72.49 and its 200-day simple moving average is $77.42. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $155.73. 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 firm has a market cap of $23.63 billion, a price-to-earnings ratio of -33.76, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08.

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

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) 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.