Pinnacle Associates Ltd. Purchases 75 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Pinnacle Associates Ltd. lifted its position in shares of The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,412 shares of the company’s stock after buying an additional 75 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Estée Lauder Companies were worth $952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EL. United Bank grew its position in shares of Estée Lauder Companies by 1.8% during the 1st quarter. United Bank now owns 4,879 shares of the company’s stock worth $1,329,000 after buying an additional 88 shares in the last quarter. Cibc World Market Inc. grew its position in shares of Estée Lauder Companies by 78.4% during the 1st quarter. Cibc World Market Inc. now owns 17,748 shares of the company’s stock worth $4,833,000 after buying an additional 7,797 shares in the last quarter. Prudential PLC bought a new position in shares of Estée Lauder Companies during the 1st quarter worth $1,147,000. Cetera Investment Advisers grew its position in shares of Estée Lauder Companies by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 3,932 shares of the company’s stock worth $1,071,000 after buying an additional 92 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Estée Lauder Companies by 27.3% during the first quarter. Sequoia Financial Advisors LLC now owns 978 shares of the company’s stock valued at $267,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 55.74% of the company’s stock.

Estée Lauder Companies Trading Up 1.9 %

Shares of NYSE:EL opened at $267.22 on Monday. The Estée Lauder Companies Inc. has a 52-week low of $186.47 and a 52-week high of $331.15. The stock has a market cap of $95.35 billion, a price-to-earnings ratio of 44.61, a PEG ratio of 5.22 and a beta of 0.95. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $237.83 and a 200-day moving average price of $241.12.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. The company had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 41.46% and a net margin of 12.66%. Equities analysts predict that The Estée Lauder Companies Inc. will post 5.35 EPS for the current year.

Estée Lauder Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were given a dividend of $0.66 per share. This is a boost from Estée Lauder Companies’s previous quarterly dividend of $0.60. This represents a $2.64 annualized dividend and a yield of 0.99%. The ex-dividend date was Tuesday, November 29th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 44.07%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EL. Bank of America raised their price objective on Estée Lauder Companies from $215.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, November 16th. Oppenheimer raised their price objective on Estée Lauder Companies from $230.00 to $245.00 in a research report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft raised Estée Lauder Companies from a “hold” rating to a “buy” rating and raised their price objective for the company from $209.00 to $266.00 in a research report on Tuesday, December 6th. Piper Sandler raised their price objective on Estée Lauder Companies from $255.00 to $290.00 in a research report on Tuesday, January 3rd. Finally, Berenberg Bank downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $323.00 to $220.00 in a research report on Monday, November 7th. One analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $267.35.

Estée Lauder Companies Profile

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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