FourThought Financial LLC Purchases 220 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

FourThought Financial LLC grew its position in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 628.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 255 shares of the company’s stock after acquiring an additional 220 shares during the quarter. FourThought Financial LLC’s holdings in Estée Lauder Companies were worth $55,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vigilant Capital Management LLC boosted its position in shares of Estée Lauder Companies by 280.0% during the 3rd quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. CoreCap Advisors LLC bought a new position in shares of Estée Lauder Companies during the 2nd quarter valued at approximately $33,000. BDO Wealth Advisors LLC raised its holdings in Estée Lauder Companies by 450.0% during the 2nd quarter. BDO Wealth Advisors LLC now owns 132 shares of the company’s stock valued at $34,000 after buying an additional 108 shares during the period. Salem Investment Counselors Inc. raised its holdings in Estée Lauder Companies by 286.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $42,000 after buying an additional 143 shares during the period. Finally, Western Pacific Wealth Management LP raised its holdings in Estée Lauder Companies by 4,220.0% during the 3rd quarter. Western Pacific Wealth Management LP now owns 216 shares of the company’s stock valued at $46,000 after buying an additional 211 shares during the period. 55.74% of the stock is currently owned by institutional investors.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Jennifer Hyman sold 5,234 shares of the firm’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $266.88, for a total value of $1,396,849.92. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at $266,880. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Estée Lauder Companies news, EVP Carl P. Haney sold 9,741 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $253.90, for a total value of $2,473,239.90. Following the completion of the sale, the executive vice president now owns 4,773 shares of the company’s stock, valued at $1,211,864.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jennifer Hyman sold 5,234 shares of the firm’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $266.88, for a total value of $1,396,849.92. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $266,880. The disclosure for this sale can be found here. Insiders have sold a total of 33,511 shares of company stock valued at $8,943,120 over the last quarter. 12.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EL shares. JPMorgan Chase & Co. increased their price target on Estée Lauder Companies from $274.00 to $285.00 and gave the company an “overweight” rating in a report on Friday, January 13th. Telsey Advisory Group increased their price target on Estée Lauder Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. TD Cowen started coverage on Estée Lauder Companies in a report on Tuesday, March 14th. They set an “outperform” rating on the stock. Raymond James increased their price target on Estée Lauder Companies from $245.00 to $315.00 and gave the company a “strong-buy” rating in a report on Thursday, January 26th. Finally, Cowen began coverage on Estée Lauder Companies in a report on Tuesday, March 14th. They set a “buy” rating and a $280.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $234.56 on Friday. The Estée Lauder Companies Inc. has a 1-year low of $186.47 and a 1-year high of $289.59. The stock’s 50-day moving average is $256.34 and its 200 day moving average is $238.98. The company has a market cap of $83.79 billion, a P/E ratio of 57.07, a PEG ratio of 5.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.66 and a quick ratio of 1.11.

Estée Lauder Companies (NYSE:EL – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.25. Estée Lauder Companies had a return on equity of 32.65% and a net margin of 9.13%. The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the company earned $3.01 earnings per share. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. Research analysts predict that The Estée Lauder Companies Inc. will post 4.96 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Monday, February 27th. Estée Lauder Companies’s payout ratio is currently 64.23%.

About Estée Lauder Companies

(Get Rating)

The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.