Iams Wealth Management LLC Purchases New Position in The Estée Lauder Companies Inc. (NYSE:EL)

Iams Wealth Management LLC bought a new stake in The Estée Lauder Companies Inc. (NYSE:ELFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,458 shares of the company’s stock, valued at approximately $215,000.

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. bought a new position in Estée Lauder Companies in the fourth quarter worth about $26,000. Riverview Trust Co purchased a new position in shares of Estée Lauder Companies in the 1st quarter worth approximately $26,000. Hexagon Capital Partners LLC raised its stake in shares of Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after acquiring an additional 99 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Estée Lauder Companies by 82.2% during the third quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after acquiring an additional 125 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in Estée Lauder Companies in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

EL has been the subject of a number of recent analyst reports. 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 report on Tuesday, April 2nd. DA Davidson reaffirmed a “buy” rating and issued a $191.00 price objective on shares of Estée Lauder Companies in a research report on Monday, April 22nd. Bernstein Bank upped their price target on shares of Estée Lauder Companies from $155.00 to $160.00 in a research note on Wednesday, May 1st. Oppenheimer reissued a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $155.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, May 1st. Sixteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies has a consensus rating of “Hold” and an average price target of $160.75.

View Our Latest Analysis on EL

Insiders Place Their Bets

In other news, CFO Tracey Thomas Travis sold 14,493 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the transaction, the chief financial officer now owns 47,248 shares of the company’s stock, valued at approximately $6,412,971.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Estée Lauder Companies news, CFO Tracey Thomas Travis sold 14,493 shares of Estée Lauder Companies stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total value of $1,967,134.89. Following the sale, the chief financial officer now owns 47,248 shares in the company, valued at $6,412,971.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Jueptner sold 12,786 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total value of $1,670,107.32. Following the transaction, the insider now owns 5,578 shares of the company’s stock, valued at $728,598.36. The disclosure for this sale can be found here. Insiders sold 42,255 shares of company stock valued at $5,453,232 in the last three months. 12.77% of the stock is currently owned by insiders.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $105.87 on Wednesday. The company has a fifty day simple moving average of $125.89 and a 200-day simple moving average of $136.89. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $37.96 billion, a price-to-earnings ratio of 59.48, a PEG ratio of 3.24 and a beta of 0.99. The Estée Lauder Companies Inc. has a 52-week low of $102.22 and a 52-week high of $198.86.

Estée Lauder Companies (NYSE:ELGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. Estée Lauder Companies’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 EPS. On average, equities analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.49%. The ex-dividend date was Friday, May 31st. Estée Lauder Companies’s payout ratio is currently 148.32%.

About Estée Lauder Companies

(Free Report)

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.

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

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