Kornitzer Capital Management Inc. KS Purchases 7,268 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Kornitzer Capital Management Inc. KS boosted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 41.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,002 shares of the company’s stock after purchasing an additional 7,268 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Estée Lauder Companies were worth $1,875,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EL. Venturi Wealth Management LLC boosted its stake in Estée Lauder Companies by 1,610.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,368 shares of the company’s stock valued at $103,000 after acquiring an additional 1,288 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Estée Lauder Companies by 1,242.4% in the fourth quarter. Manchester Capital Management LLC now owns 3,356 shares of the company’s stock valued at $252,000 after acquiring an additional 3,106 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of Estée Lauder Companies during the 4th quarter valued at approximately $1,153,000. Bank Pictet & Cie Europe AG lifted its stake in shares of Estée Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock valued at $6,838,000 after buying an additional 4,690 shares in the last quarter. Finally, Banque Pictet & Cie SA lifted its stake in shares of Estée Lauder Companies by 2.1% during the 4th quarter. Banque Pictet & Cie SA now owns 1,538,034 shares of the company’s stock valued at $115,322,000 after buying an additional 30,971 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Estée Lauder Companies

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

Analyst Ratings Changes

Several analysts have issued reports on EL shares. Piper Sandler increased their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. UBS Group increased their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Barclays lowered their target price on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, TD Cowen lowered their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Price Performance

EL stock opened at $71.35 on Thursday. The firm has a market cap of $25.61 billion, a P/E ratio of -36.59, a P/E/G ratio of 5.86 and a beta of 1.03. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The firm’s fifty day moving average is $75.19 and its 200 day moving average is $81.26. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week 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 for the quarter, beating the consensus estimate of $0.32 by $0.30. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 EPS. Research analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 1.96%. Estée Lauder Companies’s payout ratio is currently -71.79%.

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.