Bank of New York Mellon Corp Has $203.87 Million Stock Holdings in The Estee Lauder Companies Inc. (NYSE:EL)

Bank of New York Mellon Corp raised its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,088,880 shares of the company's stock after acquiring an additional 117,330 shares during the period. Bank of New York Mellon Corp owned 0.86% of Estee Lauder Companies worth $203,866,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its holdings in shares of Estee Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after buying an additional 154 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after buying an additional 228 shares during the last quarter. CVA Family Office LLC increased its holdings in shares of Estee Lauder Companies by 116.2% during the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after buying an additional 359 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Estee Lauder Companies by 41.0% during the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after buying an additional 229 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Estee Lauder Companies by 58.4% during the 1st quarter. UMB Bank n.a. now owns 906 shares of the company's stock worth $60,000 after buying an additional 334 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Price Performance

NYSE:EL traded down $0.99 during trading hours on Friday, reaching $91.11. 2,973,811 shares of the company's stock were exchanged, compared to its average volume of 4,310,402. The company has a market capitalization of $32.78 billion, a P/E ratio of -37.65, a price-to-earnings-growth ratio of 6.57 and a beta of 1.17. The Estee Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $104.50. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The business's 50-day simple moving average is $71.47 and its two-hundred day simple moving average is $69.47.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $3.51 billion. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The firm's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. Sell-side analysts expect that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies's payout ratio is -57.85%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EL shares. HSBC raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their price target for the stock from $80.00 to $99.00 in a research report on Friday, June 27th. B. Riley reaffirmed a "neutral" rating and set a $60.00 price target (down from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Telsey Advisory Group reaffirmed a "market perform" rating and set a $76.00 price target on shares of Estee Lauder Companies in a research report on Thursday, May 1st. Bank of America started coverage on shares of Estee Lauder Companies in a research report on Thursday. They set a "buy" rating and a $110.00 price target for the company. Finally, Royal Bank Of Canada decreased their price target on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Fifteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $77.70.

Estee 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.