Sendero Wealth Management LLC Buys Shares of 10,993 The Estée Lauder Companies Inc. (NYSE:EL)

Sendero Wealth Management LLC purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,993 shares of the company's stock, valued at approximately $726,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Estée Lauder Companies by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock valued at $2,025,532,000 after acquiring an additional 2,344,210 shares during the period. FMR LLC increased its stake in shares of Estée Lauder Companies by 163.8% in the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock worth $1,078,406,000 after purchasing an additional 8,930,011 shares in the last quarter. Independent Franchise Partners LLP lifted its position in shares of 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 in the last quarter. Capital World Investors purchased a new position in shares of Estée Lauder Companies in the fourth quarter valued at $554,509,000. Finally, Invesco Ltd. raised its position in shares of Estée Lauder Companies by 148.9% in the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock worth $410,984,000 after buying an additional 3,278,632 shares in the last quarter. Institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Stock Performance

NYSE EL traded down $1.43 during trading hours on Thursday, reaching $67.40. The company's stock had a trading volume of 2,452,183 shares, compared to its average volume of 4,126,078. The Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $124.73. The stock has a market cap of $24.25 billion, a PE ratio of -34.56, a PEG 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. The business has a 50-day simple moving average of $60.45 and a 200 day simple moving average of $68.91.

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

Estée Lauder Companies Announces Dividend

The company also recently declared 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. This represents a $1.40 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies's dividend payout ratio (DPR) is -57.85%.

Analyst Ratings Changes

A number of brokerages recently commented on EL. Citigroup decreased their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wall Street Zen cut shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Barclays raised their price objective on Estée Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Telsey Advisory Group restated a "market perform" rating and set a $76.00 price target on shares of Estée Lauder Companies in a report on Thursday, May 1st. Finally, B. Riley restated a "neutral" rating and issued a $60.00 price target (down previously from $70.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $75.15.

Estée 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.