The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,672 shares of the company’s stock after acquiring an additional 151 shares during the quarter. NewEdge Wealth LLC’s holdings in Estée Lauder Companies were worth $245,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Arlington Trust Co LLC acquired a new stake in Estée Lauder Companies in the 3rd quarter valued at approximately $32,000. Chilton Capital Management LLC bought a new position in Estée Lauder Companies during the 1st quarter valued at $37,000. Cornerstone Planning Group LLC bought a new position in Estée Lauder Companies during the 2nd quarter valued at $39,000. Exchange Traded Concepts LLC boosted its stake in Estée Lauder Companies by 1,900.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Estée Lauder Companies by 82.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after purchasing an additional 125 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $144.81 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. The Estée Lauder Companies Inc. has a 12 month low of $102.22 and a 12 month high of $260.46. The business has a fifty day simple moving average of $146.56 and a 200-day simple moving average of $138.07. The stock has a market cap of $51.91 billion, a PE ratio of 111.39, a price-to-earnings-growth ratio of 3.57 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same period last year, the company earned $1.54 earnings per share. Estée Lauder Companies’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 annualized dividend and a dividend yield of 1.82%. Estée Lauder Companies’s dividend payout ratio is 203.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EL. StockNews.com lowered Estée Lauder Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. The Goldman Sachs Group initiated coverage on Estée Lauder Companies in a research note on Friday, March 1st. They set a “neutral” rating and a $145.00 price target for the company. DA Davidson raised their price objective on Estée Lauder Companies from $179.00 to $191.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Finally, Telsey Advisory Group raised their price objective on Estée Lauder Companies from $115.00 to $155.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $168.00.

About Estée Lauder Companies

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.