Aberdeen Group plc grew its holdings in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,255 shares of the company’s stock after buying an additional 23,717 shares during the period. Aberdeen Group plc’s holdings in Estee Lauder Companies were worth $21,075,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Dedication LLC boosted its position in Estee Lauder Companies by 258.7% during 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. 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. boosted its holdings in shares of Estee Lauder Companies by 80.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock worth $33,000 after purchasing an additional 166 shares during the last quarter. Kelleher Financial Advisors purchased a new stake in shares of Estee Lauder Companies in the third quarter valued at approximately $39,000. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of Estee Lauder Companies by 37.6% in the third quarter. Deseret Mutual Benefit Administrators now owns 534 shares of the company’s stock valued at $47,000 after purchasing an additional 146 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.
Estee Lauder Companies Stock Down 0.3%
Shares of NYSE EL opened at $68.93 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.82. The business’s 50 day moving average is $97.00 and its two-hundred day moving average is $98.35. The Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $121.64. The firm has a market cap of $24.93 billion, a price-to-earnings ratio of -137.85, a PEG ratio of 0.78 and a beta of 1.26.
Estee Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is -280.00%.
Analysts Set New Price Targets
EL has been the topic of a number of analyst reports. Evercore lifted their price objective on Estee Lauder Companies from $115.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. dropped their target price on Estee Lauder Companies from $131.00 to $121.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Estee Lauder Companies from $124.00 to $108.00 and set a “buy” rating on the stock in a report on Monday, March 30th. UBS Group boosted their price target on shares of Estee Lauder Companies from $105.00 to $119.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, TD Cowen dropped their price objective on shares of Estee Lauder Companies from $130.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $102.76.
Read Our Latest Report on Estee Lauder Companies
Estee Lauder Companies Profile
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.
Further Reading
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