Alecta Tjanstepension Omsesidigt lessened its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 11.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,285,300 shares of the company's stock after selling 308,000 shares during the quarter. Alecta Tjanstepension Omsesidigt owned about 0.64% of Estee Lauder Companies worth $184,629,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC boosted its position in Estee Lauder Companies by 1,182.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock worth $33,000 after acquiring an additional 461 shares during the period. Winthrop Capital Management LLC raised its stake in shares of Estee Lauder Companies by 2,240.0% in the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock worth $39,000 after buying an additional 560 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after buying an additional 228 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Estee Lauder Companies by 116.2% in the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after buying an additional 359 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Estee Lauder Companies by 41.0% during the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after purchasing an additional 229 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.
Insider Buying and Selling at Estee Lauder Companies
In other news, VP Lande Rashida La sold 6,417 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lynn Forester sold 3,702 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the transaction, the director owned 15,479 shares in the company, valued at $1,418,650.35. This represents a 19.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on EL. UBS Group boosted their target price on Estee Lauder Companies from $62.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wells Fargo & Company boosted their target price on Estee Lauder Companies from $60.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Estee Lauder Companies from $98.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Citigroup boosted their target price on Estee Lauder Companies from $60.00 to $99.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Finally, Hsbc Global Res raised Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Estee Lauder Companies currently has an average rating of "Hold" and an average price target of $88.55.
Check Out Our Latest Stock Analysis on EL
Estee Lauder Companies Price Performance
Shares of EL traded down $0.27 during mid-day trading on Friday, reaching $87.73. The company had a trading volume of 5,342,243 shares, compared to its average volume of 2,888,276. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $103.44. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The company's 50-day moving average is $89.60 and its 200-day moving average is $74.87. The company has a market capitalization of $31.57 billion, a P/E ratio of -27.94, a P/E/G ratio of 2.51 and a beta of 1.15.
Estee Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The firm had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.36 billion. During the same period last year, the firm posted $0.64 EPS. The business's revenue was down 11.9% on a year-over-year basis. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. On average, equities analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.
Estee Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Estee Lauder Companies's dividend payout ratio (DPR) is -44.59%.
Estee Lauder Companies Company Profile
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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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