Savant Capital LLC Acquires New Shares in The Estée Lauder Companies Inc. (NYSE:EL)

Savant Capital LLC bought a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,480 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors also recently modified their holdings of the stock. Rakuten Securities Inc. acquired a new stake in Estée Lauder Companies during the 4th quarter worth $26,000. Sunbelt Securities Inc. increased its holdings in shares of Estée Lauder Companies by 82.2% in the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after acquiring an additional 125 shares in the last quarter. Headinvest LLC acquired a new stake in shares of Estée Lauder Companies during the third quarter worth about $55,000. CVA Family Office LLC bought a new position in shares of Estée Lauder Companies during the 4th quarter valued at about $61,000. Finally, NBC Securities Inc. acquired a new position in shares of Estée Lauder Companies in the 3rd quarter valued at approximately $66,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EL shares. Barclays lowered their price objective on shares of Estée Lauder Companies from $150.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd. Bernstein Bank upped their price objective on Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday, May 1st. The Goldman Sachs Group began coverage on Estée Lauder Companies in a report on Friday, March 1st. They set a “neutral” rating and a $145.00 price objective for the company. Telsey Advisory Group restated a “market perform” rating and issued a $155.00 target price on shares of Estée Lauder Companies in a research note on Wednesday, May 1st. Finally, Bank of America raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $160.00 to $170.00 in a research note on Thursday, March 28th. Seventeen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $160.92.

Estée Lauder Companies Price Performance

NYSE:EL opened at $129.52 on Wednesday. The Estée Lauder Companies Inc. has a 12-month low of $102.22 and a 12-month high of $209.64. The firm has a market capitalization of $46.43 billion, a price-to-earnings ratio of 72.76, a P/E/G ratio of 3.50 and a beta of 1.07. The stock’s 50 day moving average price is $145.20 and its two-hundred day moving average price is $138.03. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26.

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

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, May 30th. Estée Lauder Companies’s payout ratio is 148.32%.

Estée Lauder Companies 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.