The Estee Lauder Companies Inc. (NYSE:EL – Get Free Report) announced a quarterly dividend on Friday, May 1st. Shareholders of record on Friday, May 29th will be paid a dividend of 0.35 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, May 29th.
Estee Lauder Companies has raised its dividend payment by an average of 0.0%per year over the last three years. Estee Lauder Companies has a dividend payout ratio of 63.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Estee Lauder Companies to earn $3.07 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 45.6%.
Estee Lauder Companies Price Performance
Shares of NYSE EL opened at $79.03 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.36. The company has a market cap of $28.59 billion, a PE ratio of -112.90, a P/E/G ratio of 0.92 and a beta of 1.22. The business has a 50-day simple moving average of $83.69 and a two-hundred day simple moving average of $96.46. Estee Lauder Companies has a fifty-two week low of $56.66 and a fifty-two week high of $121.64.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Schroder Investment Management Group increased its position in shares of Estee Lauder Companies by 185.3% in the fourth quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock valued at $861,596,000 after buying an additional 5,286,875 shares in the last quarter. J. Stern & Co. LLP increased its position in shares of Estee Lauder Companies by 4,281.3% in the fourth quarter. J. Stern & Co. LLP now owns 4,094,761 shares of the company’s stock valued at $4,094,761,000 after buying an additional 4,001,300 shares in the last quarter. Norges Bank purchased a new stake in shares of Estee Lauder Companies in the fourth quarter valued at approximately $308,912,000. M&T Bank Corp increased its position in shares of Estee Lauder Companies by 16,270.3% in the fourth quarter. M&T Bank Corp now owns 2,667,208 shares of the company’s stock valued at $279,310,000 after buying an additional 2,650,915 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Estee Lauder Companies by 3,181.4% in the third quarter. Victory Capital Management Inc. now owns 2,312,535 shares of the company’s stock valued at $203,781,000 after buying an additional 2,242,062 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.
