Bard Financial Services Inc. Acquires 10,285 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Bard Financial Services Inc. lifted its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 39.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,305 shares of the company's stock after purchasing an additional 10,285 shares during the quarter. Bard Financial Services Inc.'s holdings in Estée Lauder Companies were worth $2,396,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Estée Lauder Companies by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock valued at $2,025,532,000 after purchasing an additional 2,344,210 shares during the period. FMR LLC boosted its stake in Estée Lauder Companies by 163.8% during the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after buying an additional 8,930,011 shares in the last quarter. Independent Franchise Partners LLP grew its holdings in Estée Lauder Companies by 45.5% during the fourth quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock worth $589,205,000 after acquiring an additional 2,458,379 shares during the period. Capital World Investors bought a new stake in Estée Lauder Companies in the fourth quarter worth about $554,509,000. Finally, Invesco Ltd. lifted its holdings in Estée Lauder Companies by 148.9% in the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after acquiring an additional 3,278,632 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Up 0.5%

Shares of NYSE EL traded up $0.34 during mid-day trading on Thursday, reaching $70.20. The company had a trading volume of 1,254,031 shares, compared to its average volume of 4,136,653. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The Estée Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $119.58. The stock's 50 day moving average is $61.09 and its 200-day moving average is $69.01. The stock has a market capitalization of $25.25 billion, a PE ratio of -36.00, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12.

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

Estée Lauder Companies Announces Dividend

The firm also recently disclosed 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. This represents a $1.40 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies's payout ratio is presently -57.85%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Canaccord Genuity Group decreased their target price on Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Piper Sandler reaffirmed an "overweight" rating and set a $75.00 target price (down from $92.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Wall Street Zen lowered Estée Lauder Companies from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, Citigroup cut their price objective on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $75.15.

About Estée Lauder Companies

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.