The Estee Lauder Companies Inc. (NYSE:EL) Position Increased by World Investment Advisors

World Investment Advisors boosted its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 37.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,312 shares of the company's stock after purchasing an additional 5,800 shares during the quarter. World Investment Advisors' holdings in Estee Lauder Companies were worth $1,407,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EL. Smartleaf Asset Management LLC grew its holdings in Estee Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after purchasing an additional 154 shares during the period. Golden State Wealth Management LLC lifted its position in Estee Lauder Companies by 57.3% during the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after buying an additional 228 shares in the last quarter. CVA Family Office LLC lifted its position in Estee Lauder Companies by 116.2% during the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after buying an additional 359 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Estee Lauder Companies by 41.0% during the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after buying an additional 229 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Estee Lauder Companies by 58.4% during the first quarter. UMB Bank n.a. now owns 906 shares of the company's stock valued at $60,000 after buying an additional 334 shares in the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EL has been the topic of a number of recent research reports. B. Riley reaffirmed a "neutral" rating and set a $60.00 price target (down from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Stifel Nicolaus reduced their price target on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and lifted their price target for the company from $71.00 to $95.00 in a research report on Monday, June 23rd. JPMorgan Chase & Co. reduced their price target on shares of Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Citigroup reduced their price target on shares of Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $77.70.

Estee Lauder Companies Stock Down 1.1%

EL traded down $0.99 during trading on Friday, hitting $91.11. The company had a trading volume of 2,973,811 shares, compared to its average volume of 4,310,402. The company has a market cap of $32.78 billion, a PE ratio of -37.65, a P/E/G ratio of 6.57 and a beta of 1.17. The business has a 50-day moving average of $71.47 and a 200-day moving average of $69.47. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The Estee Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $104.50.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. As a group, analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 1.54%. Estee Lauder Companies's dividend payout ratio is presently -57.85%.

Estee Lauder Companies 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.