The Estee Lauder Companies Inc. (NYSE:EL) Shares Purchased by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC raised its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 51.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,621 shares of the company's stock after acquiring an additional 19,910 shares during the period. Estee Lauder Companies makes up approximately 1.0% of Canvas Wealth Advisors LLC's investment portfolio, making the stock its 26th largest position. Canvas Wealth Advisors LLC's holdings in Estee Lauder Companies were worth $3,869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its position in shares of Estee Lauder Companies by 51.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 72,026 shares of the company's stock worth $4,754,000 after purchasing an additional 24,516 shares in the last quarter. Arlington Partners LLC lifted its position in Estee Lauder Companies by 138.2% during the 1st quarter. Arlington Partners LLC now owns 56,686 shares of the company's stock worth $3,741,000 after acquiring an additional 32,893 shares during the period. Golden State Wealth Management LLC grew 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 valued at $41,000 after purchasing an additional 228 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Estee Lauder Companies by 70.2% in the first quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock valued at $313,000 after purchasing an additional 1,961 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Estee Lauder Companies during the first quarter worth approximately $2,742,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Performance

NYSE:EL opened at $79.15 on Friday. The firm's 50-day moving average is $65.76 and its 200-day moving average is $68.91. The company has a market cap of $28.47 billion, a price-to-earnings ratio of -32.70, a PEG ratio of 8.01 and a beta of 1.12. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. The Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $113.48.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued 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. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The company's quarterly revenue was down 9.9% compared to the same quarter last year. Equities research analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders 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 annualized dividend and a dividend yield of 1.77%. Estee Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded 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 note on Monday. Wells Fargo & Company reduced their price objective on Estee Lauder Companies from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price objective on Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. B. Riley reissued a "neutral" rating and set a $60.00 target price (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Finally, Royal Bank Of Canada cut their target price on Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Estee Lauder Companies has a consensus rating of "Hold" and an average target price of $74.50.

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.

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