Toronto Dominion Bank Buys 3,816 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Toronto Dominion Bank increased its holdings in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 131,430 shares of the company's stock after buying an additional 3,816 shares during the period. Toronto Dominion Bank's holdings in Estée Lauder Companies were worth $9,855,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. HB Wealth Management LLC increased its position in Estée Lauder Companies by 23.3% in the 4th quarter. HB Wealth Management LLC now owns 2,925 shares of the company's stock valued at $219,000 after acquiring an additional 553 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Estée Lauder Companies by 42.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after acquiring an additional 141 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Estée Lauder Companies by 58.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 25,470 shares of the company's stock valued at $1,910,000 after acquiring an additional 9,427 shares during the period. Harrell Investment Partners LLC raised its holdings in Estée Lauder Companies by 52.1% during the fourth quarter. Harrell Investment Partners LLC now owns 10,285 shares of the company's stock worth $771,000 after purchasing an additional 3,524 shares in the last quarter. Finally, 1834 Investment Advisors Co. acquired a new stake in Estée Lauder Companies in the fourth quarter worth approximately $450,000. Institutional investors own 55.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EL. Barclays dropped their price objective on Estée Lauder Companies from $71.00 to $64.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Wall Street Zen lowered shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a research report on Saturday. B. Riley reiterated a "neutral" rating and issued a $60.00 target price (down from $70.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Finally, Morgan Stanley cut their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $75.20.

Estée Lauder Companies Stock Down 1.0%

Shares of EL traded down $0.67 during trading hours on Monday, reaching $63.75. The company's stock had a trading volume of 2,534,024 shares, compared to its average volume of 4,107,628. The company has a 50 day moving average of $60.40 and a two-hundred day moving average of $68.80. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The firm has a market cap of $22.93 billion, a price-to-earnings ratio of -32.69, a P/E/G ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $127.05.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share 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 analyst estimates of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, May 30th. Estée Lauder Companies's payout ratio is currently -57.85%.

Estée 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.