Malaga Cove Capital LLC Takes $410,000 Position in The Estée Lauder Companies Inc. (NYSE:EL)

Malaga Cove Capital LLC purchased a new position in The Estée Lauder Companies Inc. (NYSE:EL) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,803 shares of the company’s stock, valued at approximately $410,000.

Other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in shares of Estée Lauder Companies during the fourth quarter valued at approximately $26,000. Sunbelt Securities Inc. raised its stake in Estée Lauder Companies by 82.2% during the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after buying an additional 125 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Estée Lauder Companies by 1,900.0% during the third quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock valued at $40,000 after buying an additional 266 shares during the last quarter. Headinvest LLC bought a new stake in Estée Lauder Companies in the third quarter worth $55,000. Finally, CVA Family Office LLC purchased a new stake in shares of Estée Lauder Companies in the fourth quarter worth $61,000. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

EL has been the subject of several recent analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. StockNews.com upgraded shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a report on Thursday. Bernstein Bank boosted their price objective on shares of Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday. Raymond James upped their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 6th. Finally, Citigroup raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a report on Tuesday, April 2nd. Seventeen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $160.92.

Estée Lauder Companies Stock Performance

Shares of EL stock traded down $2.00 during trading hours on Friday, reaching $132.94. 3,791,987 shares of the company traded hands, compared to its average volume of 2,776,756. The firm has a 50-day moving average price of $145.88 and a 200 day moving average price of $138.18. The company has a market cap of $47.66 billion, a P/E ratio of 74.69, a P/E/G ratio of 3.50 and a beta of 1.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96. The Estée Lauder Companies Inc. has a 12-month low of $102.22 and a 12-month high of $209.64.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.49. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.66 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.64 dividend on an annualized basis and a yield of 1.99%. Estée Lauder Companies’s payout ratio is presently 148.32%.

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.