Hsbc Holdings PLC increased its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 11.5% in the 4th quarter, HoldingsChannel reports. The firm owned 488,551 shares of the company’s stock after buying an additional 50,346 shares during the quarter. Hsbc Holdings PLC’s holdings in Estee Lauder Companies were worth $51,129,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of EL. Prime Capital Investment Advisors LLC increased its position in Estee Lauder Companies by 3.2% during the fourth 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 in the last quarter. N.E.W. Advisory Services LLC lifted its position 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 acquiring an additional 91 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Estee Lauder Companies by 0.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,724 shares of the company’s stock valued at $1,123,000 after acquiring an additional 100 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Estee Lauder Companies by 3.2% during the fourth quarter. Greenleaf Trust now owns 3,579 shares of the company’s stock valued at $375,000 after acquiring an additional 110 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Estee Lauder Companies by 6.6% during the fourth quarter. Allworth Financial LP now owns 1,789 shares of the company’s stock valued at $187,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.
Estee Lauder Companies Stock Performance
Estee Lauder Companies stock opened at $84.05 on Wednesday. The stock has a fifty day moving average price of $82.40 and a 200 day moving average price of $94.09. The Estee Lauder Companies Inc. has a 52 week low of $66.22 and a 52 week high of $121.64. The firm has a market capitalization of $30.41 billion, a P/E ratio of -120.07, a PEG ratio of 0.87 and a beta of 1.26. The company has a current ratio of 1.27, a quick ratio of 0.94 and a debt-to-equity ratio of 1.71.
Estee Lauder Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.7%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -200.00%.
Analyst Ratings Changes
Several research analysts recently weighed in on EL shares. Weiss Ratings downgraded shares of Estee Lauder Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Wells Fargo & Company raised their price target on shares of Estee Lauder Companies from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Canaccord Genuity Group lifted their price target on shares of Estee Lauder Companies from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Sanford C. Bernstein started coverage on shares of Estee Lauder Companies in a research report on Friday, June 12th. They issued a “market perform” rating and a $82.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Estee Lauder Companies from $98.00 to $99.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Estee Lauder Companies has an average rating of “Moderate Buy” and an average price target of $99.90.
Check Out Our Latest Stock Report on Estee Lauder Companies
Estee Lauder Companies Company 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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