Oppenheimer Asset Management Inc. Grows Stock Position in The Estee Lauder Companies Inc. (NYSE:EL)

Oppenheimer Asset Management Inc. raised its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 104.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,363 shares of the company's stock after acquiring an additional 9,904 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Estee Lauder Companies were worth $1,278,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EL. Vanguard Group Inc. raised its stake in shares of Estee Lauder Companies by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock worth $2,025,532,000 after purchasing an additional 2,344,210 shares during the last quarter. FMR LLC lifted its stake in shares of Estee Lauder Companies by 163.8% in the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock worth $1,078,406,000 after acquiring an additional 8,930,011 shares during the period. Independent Franchise Partners LLP lifted its stake in shares of Estee Lauder Companies by 45.5% in the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock worth $589,205,000 after acquiring an additional 2,458,379 shares during the period. Capital World Investors purchased a new stake in shares of Estee Lauder Companies in the fourth quarter valued at about $554,509,000. 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 worth $410,984,000 after acquiring an additional 3,278,632 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies Price Performance

Shares of Estee Lauder Companies stock traded up $1.25 during trading on Friday, hitting $80.28. 10,751,081 shares of the company were exchanged, compared to its average volume of 4,258,085. The Estee Lauder Companies Inc. has a fifty-two week low of $48.37 and a fifty-two week high of $108.37. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The firm has a 50 day moving average price of $66.28 and a 200 day moving average price of $68.81. The stock has a market capitalization of $28.88 billion, a price-to-earnings ratio of -33.17, a P/E/G ratio of 8.27 and a beta of 1.12.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the business posted $0.97 earnings per share. Estee Lauder Companies's revenue was down 9.9% compared to the same quarter last year. On average, equities analysts expect that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.74%. Estee Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EL shares. HSBC upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and raised their price objective for the company from $80.00 to $99.00 in a research report on Friday. Piper Sandler restated an "overweight" rating and issued a $75.00 price target (down from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Citigroup dropped their price objective on Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Barclays raised their target price on Estee Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Finally, UBS Group upped their price target on shares of Estee Lauder Companies from $60.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Sixteen research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Estee Lauder Companies presently has an average rating of "Hold" and an average target price of $74.45.

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.