Bleakley Financial Group LLC raised its holdings in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 30.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,929 shares of the company’s stock after purchasing an additional 5,588 shares during the period. Bleakley Financial Group LLC’s holdings in Estee Lauder Companies were worth $2,109,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Quent Capital LLC acquired a new position in shares of Estee Lauder Companies during the 3rd quarter worth approximately $33,000. Hantz Financial Services Inc. increased its position in Estee Lauder Companies by 80.6% during the third quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $33,000 after buying an additional 166 shares in the last quarter. Asset Dedication LLC raised its holdings in shares of Estee Lauder Companies by 258.7% in the second quarter. Asset Dedication LLC now owns 391 shares of the company’s stock worth $32,000 after acquiring an additional 282 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Estee Lauder Companies by 69.5% in the second quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Estee Lauder Companies during the second quarter valued at $42,000. 55.15% of the stock is owned by hedge funds and other institutional investors.
Estee Lauder Companies Price Performance
Shares of Estee Lauder Companies stock opened at $113.14 on Tuesday. The business’s fifty day moving average price is $110.42 and its 200 day moving average price is $98.83. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $121.64. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $40.93 billion, a P/E ratio of -226.28, a PEG ratio of 1.28 and a beta of 1.14.
Estee Lauder Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, February 27th. Estee Lauder Companies’s payout ratio is currently -280.00%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on EL shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $113.00 target price on shares of Estee Lauder Companies in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Estee Lauder Companies in a research report on Thursday, January 22nd. Rothschild & Co Redburn lowered shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $83.00 to $70.00 in a research report on Tuesday, November 25th. Jefferies Financial Group initiated coverage on Estee Lauder Companies in a report on Wednesday, January 14th. They issued a “hold” rating and a $110.00 price target for the company. Finally, Canaccord Genuity Group increased their price target on Estee Lauder Companies from $85.00 to $100.00 and gave the stock a “hold” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $103.36.
Get Our Latest Research Report on Estee Lauder Companies
About Estee Lauder Companies
Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.
The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.
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