Yousif Capital Management LLC Has $7.12 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Yousif Capital Management LLC lessened its holdings in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 0.7% during the third quarter, HoldingsChannel reports. The fund owned 32,979 shares of the company’s stock after selling 228 shares during the quarter. Yousif Capital Management LLC’s holdings in Estée Lauder Companies were worth $7,120,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Estée Lauder Companies by 281.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,512,608 shares of the company’s stock valued at $385,452,000 after buying an additional 1,115,869 shares during the last quarter. Voya Investment Management LLC increased its stake in Estée Lauder Companies by 581.7% in the 2nd quarter. Voya Investment Management LLC now owns 782,436 shares of the company’s stock valued at $199,263,000 after buying an additional 667,656 shares during the last quarter. Alecta Tjanstepension Omsesidigt increased its stake in Estée Lauder Companies by 32.6% in the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 2,583,300 shares of the company’s stock valued at $558,587,000 after buying an additional 635,000 shares during the last quarter. Lazard Asset Management LLC increased its stake in Estée Lauder Companies by 614.5% in the 2nd quarter. Lazard Asset Management LLC now owns 659,490 shares of the company’s stock valued at $167,951,000 after buying an additional 567,190 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Estée Lauder Companies by 236.4% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 747,177 shares of the company’s stock valued at $161,316,000 after buying an additional 525,069 shares during the last quarter. Institutional investors and hedge funds own 55.74% of the company’s stock.

Insider Buying and Selling

In related news, CEO Fabrizio Freda sold 11,705 shares of the stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $270.00, for a total value of $3,160,350.00. Following the completion of the transaction, the chief executive officer now directly owns 125,762 shares of the company’s stock, valued at $33,955,740. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.75% of the stock is owned by insiders.

Estée Lauder Companies Stock Performance

NYSE EL opened at $277.16 on Wednesday. The company has a 50-day simple moving average of $245.09 and a two-hundred day simple moving average of $241.69. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The Estée Lauder Companies Inc. has a 12-month low of $186.47 and a 12-month high of $324.70. The firm has a market cap of $98.89 billion, a price-to-earnings ratio of 46.27, a PEG ratio of 5.28 and a beta of 0.95.

Estée Lauder Companies (NYSE:ELGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Estée Lauder Companies had a net margin of 12.66% and a return on equity of 41.46%. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.92 billion. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 5.4 EPS for the current year.

Estée Lauder Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were paid a $0.66 dividend. This is an increase from Estée Lauder Companies’s previous quarterly dividend of $0.60. This represents a $2.64 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Tuesday, November 29th. Estée Lauder Companies’s dividend payout ratio is presently 44.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EL shares. Piper Sandler increased their target price on shares of Estée Lauder Companies from $255.00 to $290.00 in a research report on Tuesday, January 3rd. StockNews.com started coverage on shares of Estée Lauder Companies in a research report on Wednesday, October 12th. They set a “hold” rating for the company. DA Davidson reduced their target price on shares of Estée Lauder Companies from $318.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Canaccord Genuity Group started coverage on shares of Estée Lauder Companies in a research report on Thursday, November 17th. They set a “hold” rating and a $228.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Estée Lauder Companies from $266.00 to $290.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of “Moderate Buy” and an average price target of $269.48.

Estée Lauder Companies Company Profile

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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