The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 40.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,850 shares of the company’s stock after purchasing an additional 535 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Estée Lauder Companies were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EL. Concord Wealth Partners raised its holdings in Estée Lauder Companies by 9.1% in the fourth quarter. Concord Wealth Partners now owns 1,173 shares of the company’s stock valued at $172,000 after acquiring an additional 98 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its holdings in shares of Estée Lauder Companies by 6.8% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 1,560 shares of the company’s stock valued at $228,000 after purchasing an additional 100 shares in the last quarter. Belpointe Asset Management LLC lifted its position in shares of Estée Lauder Companies by 6.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,773 shares of the company’s stock worth $256,000 after purchasing an additional 106 shares during the last quarter. Insigneo Advisory Services LLC grew its stake in shares of Estée Lauder Companies by 8.1% during the third quarter. Insigneo Advisory Services LLC now owns 1,533 shares of the company’s stock worth $222,000 after purchasing an additional 115 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in Estée Lauder Companies by 8.6% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 1,549 shares of the company’s stock valued at $227,000 after buying an additional 123 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on EL shares. DA Davidson reaffirmed a “buy” rating and set a $191.00 price target on shares of Estée Lauder Companies in a report on Monday, April 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. StockNews.com raised shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Citigroup upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $160.00 to $175.00 in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group started coverage on shares of Estée Lauder Companies in a research report on Friday, March 1st. They issued a “neutral” rating and a $145.00 target price on the stock. Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and an average target price of $160.92.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $131.66 on Friday. The firm has a market cap of $47.20 billion, a price-to-earnings ratio of 73.97, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07. 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 1-year low of $102.22 and a 1-year high of $204.41. The firm’s fifty day moving average price is $144.85 and its 200 day moving average price is $137.97.

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

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.66 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.64 annualized dividend and a dividend yield of 2.01%. Estée Lauder Companies’s dividend payout ratio is currently 148.31%.

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.