The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,240,938 shares of the company's stock after purchasing an additional 241,903 shares during the period. Voloridge Investment Management LLC owned approximately 0.35% of Estée Lauder Companies worth $93,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Estée Lauder Companies by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock valued at $2,025,532,000 after purchasing an additional 2,344,210 shares during the last quarter. FMR LLC lifted its position in shares of Estée Lauder Companies by 163.8% in the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after acquiring 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% in the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock valued at $589,205,000 after acquiring an additional 2,458,379 shares in the last quarter. Capital World Investors purchased a new stake in shares of Estée Lauder Companies in the 4th quarter valued at approximately $554,509,000. Finally, Invesco Ltd. lifted its position in shares of Estée Lauder Companies by 148.9% in the 4th quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after acquiring an additional 3,278,632 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on EL shares. UBS Group upped 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. Barclays dropped their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price objective on shares of Estée Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus dropped their price objective on shares of Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. Nineteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $75.20.

Estée Lauder Companies Price Performance

NYSE:EL opened at $65.35 on Tuesday. The company has a 50-day moving average of $60.61 and a 200-day moving average of $68.83. The company has a market capitalization of $23.51 billion, a price-to-earnings ratio of -33.51, a PEG ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $134.63. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. As a group, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, May 30th. 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.

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