Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 544,415 shares of the company’s stock after purchasing an additional 38,233 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.15% of Estee Lauder Companies worth $58,122,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of EL. Flagship Harbor Advisors LLC purchased a new stake in shares of Estee Lauder Companies in the fourth quarter valued at $32,000. Quent Capital LLC purchased a new stake in shares of Estee Lauder Companies in the third quarter valued at $33,000. Hantz Financial Services Inc. lifted its holdings in shares of Estee Lauder Companies by 80.6% in the third quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $33,000 after purchasing an additional 166 shares in the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of Estee Lauder Companies by 39.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. Finally, Kelleher Financial Advisors purchased a new stake in shares of Estee Lauder Companies in the third quarter valued at $39,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Price Performance
Shares of NYSE:EL opened at $86.11 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 Estee Lauder Companies Inc. has a 1 year low of $60.92 and a 1 year high of $121.64. The business has a fifty day simple moving average of $81.93 and a 200 day simple moving average of $96.20. The firm has a market cap of $31.15 billion, a price-to-earnings ratio of -123.01, a P/E/G ratio of 0.89 and a beta of 1.22.
Estee Lauder Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, May 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is -200.00%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Canaccord Genuity Group increased their target price on Estee Lauder Companies from $80.00 to $85.00 and gave the company a “hold” rating in a report on Monday, May 4th. Royal Bank Of Canada restated an “outperform” rating and issued a $113.00 target price on shares of Estee Lauder Companies in a report on Tuesday, February 3rd. Citigroup reduced their target price on Estee Lauder Companies from $120.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Wells Fargo & Company increased their price objective on Estee Lauder Companies from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their price objective on Estee Lauder Companies from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $101.00.
Read Our Latest Research Report on EL
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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