CVA Family Office LLC Invests $61,000 in The Estée Lauder Companies Inc. (NYSE:EL)

CVA Family Office LLC purchased a new position in The Estée Lauder Companies Inc. (NYSE:EL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 417 shares of the company’s stock, valued at approximately $61,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Estée Lauder Companies by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 18,626,625 shares of the company’s stock worth $2,692,479,000 after purchasing an additional 140,488 shares during the last quarter. State Street Corp grew its stake in Estée Lauder Companies by 1.9% in the second quarter. State Street Corp now owns 10,019,387 shares of the company’s stock worth $1,967,607,000 after purchasing an additional 184,641 shares in the last quarter. Morgan Stanley increased its holdings in Estée Lauder Companies by 20.0% in the fourth quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock valued at $1,739,070,000 after buying an additional 1,167,553 shares during the last quarter. FMR LLC raised its stake in Estée Lauder Companies by 35.4% during the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock valued at $767,730,000 after buying an additional 1,387,271 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Estée Lauder Companies by 3.1% in the 2nd quarter. Royal Bank of Canada now owns 4,867,672 shares of the company’s stock worth $955,912,000 after acquiring an additional 146,006 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Performance

Shares of NYSE EL opened at $145.05 on Thursday. The Estée Lauder Companies Inc. has a 1 year low of $102.22 and a 1 year high of $260.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The stock has a fifty day moving average price of $142.46 and a two-hundred day moving average price of $138.30. The firm has a market cap of $52.00 billion, a P/E ratio of 111.58, a PEG ratio of 3.81 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.19 billion. During the same quarter last year, the business posted $1.54 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. Research analysts forecast that The Estée Lauder Companies Inc. will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Wednesday, February 28th. Estée Lauder Companies’s payout ratio is 203.08%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EL. Barclays upped their price target on Estée Lauder Companies from $101.00 to $121.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Raymond James increased their target price on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 6th. Telsey Advisory Group boosted their price objective on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group began coverage on shares of Estée Lauder Companies in a research note on Friday, March 1st. They set a “neutral” rating and a $145.00 price objective on the stock. Finally, Royal Bank of Canada lifted their target price on Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and an average target price of $164.71.

About Estée Lauder Companies

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.