Mackenzie Financial Corp Acquires 7,592 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Mackenzie Financial Corp lifted its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 32.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,347 shares of the company's stock after acquiring an additional 7,592 shares during the quarter. Mackenzie Financial Corp's holdings in Estée Lauder Companies were worth $2,350,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies in the fourth quarter valued at about $29,000. Deseret Mutual Benefit Administrators grew its stake 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 stake in shares of Estée Lauder Companies during the 4th quarter worth about $30,000. Smartleaf Asset Management LLC raised its stake in Estée 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 acquiring an additional 154 shares in the last quarter. Finally, Quent Capital LLC grew its stake in Estée Lauder Companies by 278.2% during the 4th quarter. Quent Capital LLC now owns 658 shares of the company's stock worth $49,000 after buying an additional 484 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group increased their price target on shares of Estée Lauder Companies from $60.00 to $62.00 and gave the company a "neutral" rating in a research 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. Citigroup lowered their price objective on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, B. Riley restated a "neutral" rating and set a $60.00 price target (down from $70.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $75.15.

Estée Lauder Companies Trading Down 0.0%

Shares of NYSE EL traded down $0.03 during mid-day trading on Wednesday, hitting $68.90. The stock had a trading volume of 3,079,865 shares, compared to its average volume of 4,132,763. The business has a 50 day moving average price of $60.45 and a two-hundred day moving average price of $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 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 1 year low of $48.37 and a 1 year high of $124.73.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The company's revenue for the quarter was down 9.9% on a year-over-year basis. On average, equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.03%. Estée Lauder Companies's dividend payout ratio is currently -57.85%.

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.