Kestra Private Wealth Services LLC Has $346,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Kestra Private Wealth Services LLC lessened its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,368 shares of the company’s stock after selling 272 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Estée Lauder Companies were worth $346,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in Estée Lauder Companies by 28.9% during the 4th quarter. Van ECK Associates Corp now owns 2,237,975 shares of the company’s stock worth $327,304,000 after acquiring an additional 502,235 shares during the last quarter. Stonebrook Private Inc. acquired a new stake in Estée Lauder Companies during the 4th quarter worth $281,000. Unique Wealth Strategies LLC bought a new position in Estée Lauder Companies during the fourth quarter worth about $819,000. Russell Investments Group Ltd. grew its stake in Estée Lauder Companies by 8.6% in the fourth quarter. Russell Investments Group Ltd. now owns 148,812 shares of the company’s stock valued at $21,787,000 after acquiring an additional 11,761 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Estée Lauder Companies by 62.7% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,085,646 shares of the company’s stock worth $158,776,000 after acquiring an additional 418,183 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock opened at $129.52 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The Estée Lauder Companies Inc. has a one year low of $102.22 and a one year high of $209.64. The business’s 50 day simple moving average is $145.20 and its two-hundred day simple moving average is $138.03. The stock has a market capitalization of $46.43 billion, a P/E ratio of 72.76, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, May 30th. Estée Lauder Companies’s payout ratio is currently 148.32%.

Analyst Ratings Changes

Several brokerages recently issued reports on EL. Royal Bank of Canada boosted their price objective on Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. Raymond James boosted their price target on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $155.00 price objective on shares of Estée Lauder Companies in a research report on Wednesday, May 1st. StockNews.com raised Estée Lauder Companies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price target on Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Seventeen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and a consensus price target of $160.92.

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