Captrust Financial Advisors Acquires 11,243 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Captrust Financial Advisors raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 117.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,806 shares of the company's stock after purchasing an additional 11,243 shares during the period. Captrust Financial Advisors' holdings in Estée Lauder Companies were worth $1,560,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ameliora Wealth Management Ltd. acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth $29,000. Deseret Mutual Benefit Administrators increased its position in shares of Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after purchasing an additional 158 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth $30,000. Eagle Bay Advisors LLC increased its position in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock worth $36,000 after purchasing an additional 141 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Up 0.2%

EL stock opened at $65.46 on Wednesday. The company's 50-day simple moving average is $61.08 and its 200-day simple moving average is $69.33. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $139.34. The firm has a market cap of $23.50 billion, a P/E ratio of -33.57, a PEG ratio of 6.09 and a beta of 1.12.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.36. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the company posted $0.97 EPS. The company's revenue for the quarter was down 9.9% on a year-over-year basis. As a group, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.14%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating and issued a $75.00 target price (down from $92.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. B. Riley reissued a "neutral" rating and issued a $60.00 target price (down from $70.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. DA Davidson reissued a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Finally, Citigroup cut their target price on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Estée Lauder Companies presently has a consensus rating of "Hold" and a consensus target price of $75.20.

Estée Lauder Companies Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.

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