Allstate Corp lifted its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 108.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,648 shares of the company’s stock after buying an additional 9,184 shares during the quarter. Allstate Corp’s holdings in Estee Lauder Companies were worth $1,848,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Prime Capital Investment Advisors LLC grew its position in shares of Estee Lauder Companies by 3.2% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 2,823 shares of the company’s stock worth $296,000 after buying an additional 88 shares during the period. N.E.W. Advisory Services LLC grew its position in shares of Estee Lauder Companies by 39.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after buying an additional 91 shares during the period. Greenleaf Trust grew its position in shares of Estee Lauder Companies by 3.2% during the 4th quarter. Greenleaf Trust now owns 3,579 shares of the company’s stock worth $375,000 after buying an additional 110 shares during the period. Allworth Financial LP grew its position in shares of Estee Lauder Companies by 6.6% during the 4th quarter. Allworth Financial LP now owns 1,789 shares of the company’s stock worth $187,000 after buying an additional 110 shares during the period. Finally, Valeo Financial Advisors LLC grew its position in shares of Estee Lauder Companies by 4.4% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,806 shares of the company’s stock worth $294,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.
Estee Lauder Companies Stock Performance
NYSE EL opened at $90.88 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71. The firm’s fifty day moving average price is $78.06 and its two-hundred day moving average price is $94.86. The Estee Lauder Companies Inc. has a 1 year low of $64.83 and a 1 year high of $121.64. The firm has a market capitalization of $32.88 billion, a P/E ratio of -129.82, a price-to-earnings-growth ratio of 0.94 and a beta of 1.22.
Estee Lauder Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, May 29th. Estee Lauder Companies’s dividend payout ratio is -200.00%.
Analysts Set New Price Targets
EL has been the subject of a number of analyst reports. Weiss Ratings cut shares of Estee Lauder Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. HSBC cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $106.00 price objective for the company. in a report on Tuesday, February 10th. Canaccord Genuity Group boosted their price objective on shares of Estee Lauder Companies from $80.00 to $85.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, UBS Group upped their price target on shares of Estee Lauder Companies from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Estee Lauder Companies has a consensus rating of “Moderate Buy” and a consensus target price of $101.63.
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.
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