DORCHESTER WEALTH MANAGEMENT Co Acquires 504 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

DORCHESTER WEALTH MANAGEMENT Co raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,380 shares of the company’s stock after buying an additional 504 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Estée Lauder Companies were worth $403,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EL. Massachusetts Financial Services Co. MA increased its position in shares of Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock worth $292,510,000 after purchasing an additional 1,310,900 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after purchasing an additional 1,078,926 shares in the last quarter. Worldquant Millennium Advisors LLC increased its position in shares of Estée Lauder Companies by 695.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock worth $111,994,000 after purchasing an additional 982,183 shares in the last quarter. Finally, Nuance Investments LLC increased its position in shares of Estée Lauder Companies by 1,127.5% during the third quarter. Nuance Investments LLC now owns 1,059,080 shares of the company’s stock worth $105,580,000 after purchasing an additional 972,799 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Up 0.5 %

Shares of NYSE EL opened at $71.71 on Friday. The company has a 50 day simple moving average of $74.83 and a 200-day simple moving average of $80.96. The company has a market capitalization of $25.74 billion, a P/E ratio of -36.77, a P/E/G ratio of 6.09 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 0.97. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.54.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. The business had revenue of $4 billion during 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. On average, equities research 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.95%. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EL shares. DA Davidson reissued a “buy” rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Wednesday, February 5th. JPMorgan Chase & Co. upped their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. The Goldman Sachs Group lowered their price target on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus lowered their target price on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler upped their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research report 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.00.

Insider Transactions at Estée Lauder Companies

In other news, CFO Akhil Shrivastava purchased 700 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the acquisition, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul J. Fribourg acquired 43,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the transaction, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

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.