Toronto Dominion Bank boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,430 shares of the company's stock after buying an additional 3,816 shares during the period. Toronto Dominion Bank's holdings in Estée Lauder Companies were worth $9,855,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies during the fourth quarter worth $29,000. Deseret Mutual Benefit Administrators raised its holdings in 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 buying an additional 158 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies during the fourth quarter worth $30,000. Smartleaf Asset Management LLC raised its holdings in Estée Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after buying an additional 154 shares during the last quarter. Finally, Quent Capital LLC raised its holdings in Estée Lauder Companies by 278.2% during the fourth 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. Institutional investors and hedge funds own 55.15% of the company's stock.
Analyst Ratings Changes
EL has been the subject of several analyst reports. B. Riley reiterated a "neutral" rating and issued a $60.00 target price (down previously from $70.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Telsey Advisory Group reiterated a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a report on Thursday, May 1st. Stifel Nicolaus lowered their target price on shares of Estée Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, Wall Street Zen downgraded shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies presently has a consensus rating of "Hold" and an average price target of $75.15.
Check Out Our Latest Report on Estée Lauder Companies
Estée Lauder Companies Stock Performance
NYSE:EL traded down $0.32 on Monday, reaching $66.62. 2,528,915 shares of the company's stock were exchanged, compared to its average volume of 4,120,816. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The firm has a market cap of $23.97 billion, a price-to-earnings ratio of -34.16, a P/E/G 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 $125.90. The stock has a fifty day simple moving average of $60.34 and a 200-day simple moving average of $68.91.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its 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. The firm 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 company's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.
Estée Lauder Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies's payout ratio is -57.85%.
About Estée Lauder Companies
(
Free Report)
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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