Rathbones Group PLC increased its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 23.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,039 shares of the company’s stock after buying an additional 42,816 shares during the period. Rathbones Group PLC owned 0.06% of Estee Lauder Companies worth $19,566,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Dedication LLC raised its stake in shares of Estee Lauder Companies by 258.7% in 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 bought a new stake in shares of Estee Lauder Companies during the third quarter valued at approximately $33,000. Hantz Financial Services Inc. grew its stake in shares of Estee Lauder Companies by 80.6% during 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 during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Estee Lauder Companies by 69.5% in the second quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock valued at $41,000 after purchasing an additional 210 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Estee Lauder Companies in the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 55.15% of the company’s stock.
Estee Lauder Companies Trading Down 3.2%
Shares of NYSE EL opened at $92.85 on Monday. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $121.64. The firm has a market capitalization of $33.59 billion, a P/E ratio of -185.70, a P/E/G ratio of 1.04 and a beta of 1.11. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.36 and a quick ratio of 1.00. The company’s 50 day simple moving average is $109.84 and its 200 day simple moving average is $99.69.
Estee Lauder Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. Estee Lauder Companies’s payout ratio is -280.00%.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Estee Lauder Companies from $124.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. UBS Group lifted their target price on Estee Lauder Companies from $105.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. 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 research report on Friday, February 6th. Barclays cut their price target on Estee Lauder Companies from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Monday, February 9th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $105.00 price target on shares of Estee Lauder Companies in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $104.43.
Check Out Our Latest Analysis 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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