The Estee Lauder Companies Inc. (NYSE:EL) Stock Position Raised by M&T Bank Corp

M&T Bank Corp increased its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,054 shares of the company's stock after buying an additional 2,770 shares during the quarter. M&T Bank Corp's holdings in Estee Lauder Companies were worth $1,126,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Estee Lauder Companies by 0.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,633 shares of the company's stock valued at $1,626,000 after buying an additional 171 shares during the period. DAVENPORT & Co LLC raised its position in shares of Estee Lauder Companies by 5.1% during the first quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company's stock worth $251,000 after purchasing an additional 185 shares during the period. Utah Retirement Systems raised its position in shares of Estee Lauder Companies by 0.5% during the fourth quarter. Utah Retirement Systems now owns 38,236 shares of the company's stock worth $2,867,000 after purchasing an additional 200 shares during the period. First Hawaiian Bank raised its position in shares of Estee Lauder Companies by 2.9% during the first quarter. First Hawaiian Bank now owns 7,200 shares of the company's stock worth $475,000 after purchasing an additional 200 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Estee Lauder Companies by 2.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,948 shares of the company's stock worth $743,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.

Estee Lauder Companies Stock Up 0.3%

Shares of EL traded up $0.28 during midday trading on Thursday, reaching $86.68. 2,843,802 shares of the stock were exchanged, compared to its average volume of 4,312,851. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $103.44. The firm has a 50 day simple moving average of $74.34 and a 200-day simple moving average of $69.93. 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 company has a market cap of $31.18 billion, a price-to-earnings ratio of -35.82, a P/E/G ratio of 6.17 and a beta of 1.17.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly 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. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the business earned $0.97 EPS. The business's quarterly revenue was down 9.9% on a year-over-year basis. Research analysts forecast that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies's dividend payout ratio (DPR) is presently -57.85%.

Wall Street Analyst Weigh In

EL has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their target price on Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. HSBC raised Estee Lauder Companies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $80.00 to $99.00 in a research report on Friday, June 27th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $76.00 target price on shares of Estee Lauder Companies in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $71.00 to $95.00 in a research report on Monday, June 23rd. Finally, Evercore ISI boosted their target price on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Estee Lauder Companies presently has a consensus rating of "Hold" and a consensus target price of $82.50.

Estee Lauder Companies Company 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.