Ninety One SA PTY Ltd Purchases 7,897 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Ninety One SA PTY Ltd boosted its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 37.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,010 shares of the company's stock after purchasing an additional 7,897 shares during the quarter. Ninety One SA PTY Ltd's holdings in Estee Lauder Companies were worth $1,915,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Estee Lauder Companies by 47.4% in the fourth 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. Golden State Wealth Management LLC increased its holdings in shares of Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after acquiring an additional 228 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after acquiring an additional 359 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Estee Lauder Companies by 41.0% in the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after acquiring an additional 229 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Estee Lauder Companies by 58.4% in the first quarter. UMB Bank n.a. now owns 906 shares of the company's stock worth $60,000 after acquiring an additional 334 shares in the last quarter. Institutional investors own 55.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EL shares. Evercore ISI increased their price target on Estee Lauder Companies from $90.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, June 26th. HSBC upgraded Estee Lauder Companies from a "hold" rating to a "buy" rating and increased their price target for the stock from $80.00 to $99.00 in a report on Friday, June 27th. B. Riley restated a "neutral" rating and issued a $60.00 price target (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Bank of America initiated coverage on Estee Lauder Companies in a research report on Thursday. They set a "buy" rating and a $110.00 price objective for the company. Finally, Wall Street Zen raised Estee Lauder Companies from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Fifteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $77.70.

Estee Lauder Companies Price Performance

Shares of EL traded down $0.99 during midday trading on Friday, hitting $91.11. The company's stock had a trading volume of 2,973,811 shares, compared to its average volume of 4,310,402. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $104.50. The company's fifty day simple moving average is $72.10 and its two-hundred day simple moving average is $69.58. 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 stock has a market capitalization of $32.78 billion, a price-to-earnings ratio of -37.65, a price-to-earnings-growth ratio of 6.57 and a beta of 1.17.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the company posted $0.97 EPS. Estee Lauder Companies's quarterly revenue was down 9.9% compared to the same quarter last year. As a group, equities analysts expect that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders 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 of this dividend was Friday, May 30th. Estee Lauder Companies's dividend payout ratio is currently -57.85%.

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.