Cambiar Investors LLC Buys Shares of 452,699 The Estée Lauder Companies Inc. (NYSE:EL)

Cambiar Investors LLC 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 firm bought 452,699 shares of the company’s stock, valued at approximately $33,943,000. Cambiar Investors LLC owned about 0.13% of Estée Lauder Companies at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 buying an additional 141 shares in the last quarter. Blue Trust Inc. boosted its position in Estée Lauder Companies by 8.7% during the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock worth $139,000 after purchasing an additional 148 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock worth $64,000 after purchasing an additional 151 shares in the last quarter. Biltmore Family Office LLC boosted its position in Estée Lauder Companies by 7.8% during the third quarter. Biltmore Family Office LLC now owns 2,376 shares of the company’s stock worth $237,000 after purchasing an additional 171 shares in the last quarter. Finally, Cove Private Wealth LLC boosted its position in Estée Lauder Companies by 7.1% during the third quarter. Cove Private Wealth LLC now owns 2,625 shares of the company’s stock worth $262,000 after purchasing an additional 175 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Estée Lauder Companies news, Director Paul J. Fribourg bought 43,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the acquisition, the director now owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Akhil Shrivastava acquired 700 shares of the firm’s stock in a transaction dated 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 acquisition, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 196,700 shares of company stock valued at $12,762,093. 12.78% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EL has been the subject of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Barclays dropped 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 note on Thursday, February 6th. CICC Research initiated coverage on Estée Lauder Companies in a research note on Friday, December 27th. They issued a “market perform” rating and a $82.00 target price for the company. Piper Sandler boosted their price target on Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Bank of America decreased their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Twenty research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Trading Up 5.7 %

Shares of Estée Lauder Companies stock opened at $68.74 on Tuesday. The business has a fifty day simple moving average of $76.72 and a two-hundred day simple moving average of $82.77. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.54. The company has a market capitalization of $24.68 billion, a price-to-earnings ratio of -35.25, a P/E/G ratio of 5.43 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 0.90.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the business earned $0.88 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Research analysts forecast that The Estée Lauder Companies Inc. will post 1.37 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. Stockholders of record on Friday, February 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, February 28th. Estée Lauder Companies’s payout ratio is -71.79%.

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