The Estee Lauder Companies Inc. (NYSE:EL) Position Raised by Larson Financial Group LLC

Larson Financial Group LLC boosted its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 87.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,690 shares of the company's stock after buying an additional 3,579 shares during the period. Larson Financial Group LLC's holdings in Estee Lauder Companies were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in shares of Estee Lauder Companies by 163.8% in the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after purchasing an additional 8,930,011 shares during the last quarter. Capital World Investors bought a new position in shares of Estee Lauder Companies in the fourth quarter worth $554,509,000. Norges Bank purchased a new stake in Estee Lauder Companies during the fourth quarter valued at about $251,304,000. American Century Companies Inc. lifted its holdings in Estee Lauder Companies by 11,026.8% in the fourth quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock worth $250,704,000 after buying an additional 3,313,557 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Estee Lauder Companies by 148.9% during the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after purchasing an additional 3,278,632 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Up 0.3%

EL stock opened at $86.68 on Friday. The company has a fifty day simple moving average of $74.34 and a 200 day simple moving average of $69.93. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $103.44. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The firm has a market cap of $31.18 billion, a PE ratio of -35.82, a PEG ratio of 6.17 and a beta of 1.17.

Estee Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating 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. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The company's quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. Sell-side analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Friday, May 30th. Estee Lauder Companies's payout ratio is -57.85%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Telsey Advisory Group restated a "market perform" rating and set a $76.00 price objective on shares of Estee Lauder Companies in a research report on Thursday, May 1st. UBS Group boosted their price objective on shares of Estee Lauder Companies from $62.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday. Royal Bank Of Canada decreased their price objective on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, B. Riley reaffirmed a "neutral" rating and set a $60.00 price objective (down previously from $70.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Estee Lauder Companies currently has a consensus rating of "Hold" and a consensus price target of $82.50.

Estee 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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.