12,270 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Bought by Templeton & Phillips Capital Management LLC

Templeton & Phillips Capital Management LLC bought a new position in The Estée Lauder Companies Inc. (NYSE:EL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,270 shares of the company’s stock, valued at approximately $920,000. Estée Lauder Companies accounts for approximately 0.7% of Templeton & Phillips Capital Management LLC’s holdings, making the stock its 23rd biggest position.

Other large investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. purchased a new position in Estée Lauder Companies in the fourth quarter valued at about $29,000. Deseret Mutual Benefit Administrators raised its position in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after purchasing an additional 158 shares during the period. Eagle Bay Advisors LLC raised its position in Estée Lauder Companies by 297.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the period. Golden State Wealth Management LLC purchased a new position in Estée Lauder Companies in the fourth quarter valued at about $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Estée Lauder Companies by 42.1% in 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. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Stock Performance

EL opened at $67.04 on Monday. The business’s 50 day moving average is $72.97 and its 200-day moving average is $77.81. The stock has a market cap of $24.07 billion, a PE ratio of -34.38, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a twelve month low of $62.29 and a twelve month high of $155.73.

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

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.09%. Estée Lauder Companies’s payout ratio is -71.79%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EL. JPMorgan Chase & Co. raised their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Telsey Advisory Group restated a “market perform” rating and set a $76.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Stifel Nicolaus lowered their target price on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a research note on Wednesday, February 5th. Canaccord Genuity Group lowered their target price 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. Finally, Piper Sandler raised their target price on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Twenty 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 has an average rating of “Hold” and a consensus price target of $86.00.

Insider Buying and Selling

In other news, CFO Akhil Shrivastava bought 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,381 shares in the company, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now owns 430,800 shares of the company’s stock, valued at $28,583,580. This 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 owned by corporate insiders.

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.