Kestra Private Wealth Services LLC Purchases 612 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Kestra Private Wealth Services LLC grew its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 20.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,551 shares of the company’s stock after acquiring an additional 612 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Estee Lauder Companies were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EL. Golden State Wealth Management LLC boosted its holdings in Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock valued at $41,000 after purchasing an additional 228 shares during the period. CVA Family Office LLC raised its position in shares of Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company’s stock valued at $44,000 after buying an additional 359 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Estee Lauder Companies by 41.0% in the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company’s stock valued at $53,000 after buying an additional 229 shares during the period. UMB Bank n.a. grew its position in Estee Lauder Companies by 58.4% during the first quarter. UMB Bank n.a. now owns 906 shares of the company’s stock worth $60,000 after buying an additional 334 shares in the last quarter. Finally, Rossby Financial LCC acquired a new stake in Estee Lauder Companies during the first quarter worth approximately $73,000. Institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Stock Up 2.4%

Shares of EL opened at $92.58 on Tuesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $103.44. The stock has a market capitalization of $33.31 billion, a price-to-earnings ratio of -38.26, a PEG ratio of 6.47 and a beta of 1.17. The stock has a fifty day moving average of $77.78 and a 200-day moving average of $70.60.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.29 by $0.36. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s quarterly revenue was down 9.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.51%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently -57.85%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Bank of America began coverage on Estee Lauder Companies in a report on Thursday, July 10th. They issued a “buy” rating and a $110.00 price objective for the company. Stifel Nicolaus dropped their price target on Estee Lauder Companies from $77.00 to $67.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Citigroup increased their price objective on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Wall Street Zen raised shares of Estee Lauder Companies from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Evercore ISI upped their price target on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, June 26th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $84.50.

Estee 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, and powders, as well as compacts, brushes, and other makeup tools.