The Estee Lauder Companies Inc. $EL Shares Sold by Danica Pension Livsforsikringsaktieselskab

Key Points

• Danica Pension cut its Estee Lauder stake by 35.2% in the first quarter, selling 176,696 shares and ending with 325,291 shares worth about $23.35 million.
• Estee Lauder reported better-than-expected fiscal Q1 earnings, posting $0.91 per share versus $0.66 expected and revenue of $3.71 billion, up 4.6% year over year.
• Analysts are mixed on the stock: the current consensus rating is Hold with an average price target of $98.11, though several firms recently raised targets or maintained bullish ratings.

Danica Pension Livsforsikringsaktieselskab decreased its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 35.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 325,291 shares of the company's stock after selling 176,696 shares during the quarter. Danica Pension Livsforsikringsaktieselskab owned 0.09% of Estee Lauder Companies worth $23,346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Estee Lauder Companies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,898 shares of the company's stock worth $1,709,000 after acquiring an additional 1,177 shares in the last quarter. NewEdge Advisors LLC grew its position in Estee Lauder Companies by 33.4% in the 1st quarter. NewEdge Advisors LLC now owns 6,992 shares of the company's stock valued at $462,000 after acquiring an additional 1,749 shares in the last quarter. Empowered Funds LLC increased its stake in Estee Lauder Companies by 24.1% during the first quarter. Empowered Funds LLC now owns 4,619 shares of the company's stock worth $305,000 after purchasing an additional 898 shares during the period. EverSource Wealth Advisors LLC increased its stake in Estee Lauder Companies by 23.2% during the second quarter. EverSource Wealth Advisors LLC now owns 997 shares of the company's stock worth $81,000 after purchasing an additional 188 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Estee Lauder Companies by 55.5% during the second quarter. First Trust Advisors LP now owns 13,522 shares of the company's stock worth $1,093,000 after purchasing an additional 4,826 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies Stock Performance

Shares of Estee Lauder Companies stock opened at $82.45 on Wednesday. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64. The company has a market cap of $29.83 billion, a PE ratio of -117.79, a P/E/G ratio of 0.65 and a beta of 1.27. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The business has a 50-day simple moving average of $83.72 and a 200-day simple moving average of $90.78.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Friday, May 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.25. The firm had revenue of $3.71 billion for the quarter, compared to analysts' expectations of $3.69 billion. Estee Lauder Companies had a negative net margin of 1.67% and a positive return on equity of 20.66%. The firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 2.330-2.430 EPS. On average, equities research analysts forecast that The Estee Lauder Companies Inc. will post 2.41 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, May 29th. Estee Lauder Companies's dividend payout ratio (DPR) is presently -200.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on EL shares. UBS Group raised their price objective on shares of Estee Lauder Companies from $85.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. Citigroup increased their target price on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, May 22nd. Piper Sandler began coverage on shares of Estee Lauder Companies in a research report on Friday, May 15th. They issued an "overweight" rating and a $95.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of Estee Lauder Companies from $99.00 to $94.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Finally, Canaccord Genuity Group boosted their price target on shares of Estee Lauder Companies from $80.00 to $85.00 and gave the stock a "hold" rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $98.11.

Estee Lauder Companies Company Profile

Estée Lauder Companies Inc NYSE: EL is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company's portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estee Lauder Companies Inc. (NYSE:EL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.