Fiduciary Alliance LLC bought a new position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,728 shares of the company's stock, valued at approximately $1,104,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of Estée Lauder Companies by 58.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,470 shares of the company's stock worth $1,910,000 after buying an additional 9,427 shares during the last quarter. Blue Trust Inc. grew its position in Estée Lauder Companies by 8.7% in the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company's stock worth $139,000 after acquiring an additional 148 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Estée Lauder Companies during the fourth quarter worth approximately $62,000. Tokio Marine Asset Management Co. Ltd. raised its position in Estée Lauder Companies by 6.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,343 shares of the company's stock valued at $551,000 after purchasing an additional 449 shares during the period. Finally, DAVENPORT & Co LLC lifted its stake in shares of Estée Lauder Companies by 13.9% in the 4th quarter. DAVENPORT & Co LLC now owns 3,611 shares of the company's stock valued at $271,000 after purchasing an additional 441 shares during the last quarter. 55.15% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on EL. UBS Group boosted their target price on Estée Lauder Companies from $60.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Barclays lifted their price objective on shares of Estée Lauder Companies from $56.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. DA Davidson reissued a "buy" rating and issued a $81.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 25th. Stifel Nicolaus lowered their target price on shares of Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, Wall Street Zen downgraded shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $75.15.
Check Out Our Latest Stock Report on EL
Estée Lauder Companies Stock Down 0.0%
Shares of Estée Lauder Companies stock traded down $0.03 during trading on Wednesday, hitting $68.90. 3,079,865 shares of the stock traded hands, compared to its average volume of 4,126,668. The Estée Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $124.92. The stock's fifty day simple moving average is $60.38 and its 200 day simple moving average is $68.91. The firm has a market cap of $24.79 billion, a P/E ratio of -35.33, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.
Estée Lauder Companies (NYSE:EL - Get Free Report) last posted 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 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 the consensus estimate of $3.51 billion. During the same quarter last year, the firm posted $0.97 EPS. The company's revenue for the quarter was down 9.9% on a year-over-year basis. On average, equities analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estée Lauder Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 2.03%. Estée Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.
About Estée Lauder Companies
(
Free Report)
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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