AE Wealth Management LLC purchased a new stake in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 82,222 shares of the company’s stock, valued at approximately $6,644,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EL. Envestnet Asset Management Inc. grew its holdings in Estee Lauder Companies by 16.1% during the first quarter. Envestnet Asset Management Inc. now owns 140,295 shares of the company’s stock worth $9,259,000 after acquiring an additional 19,506 shares during the period. M&T Bank Corp boosted its position in Estee Lauder Companies by 19.4% in the 1st quarter. M&T Bank Corp now owns 17,054 shares of the company’s stock worth $1,126,000 after purchasing an additional 2,770 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Estee Lauder Companies by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 63,538 shares of the company’s stock worth $4,194,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System increased its holdings in shares of Estee Lauder Companies by 4.9% during the 1st quarter. Arizona State Retirement System now owns 67,472 shares of the company’s stock valued at $4,453,000 after purchasing an additional 3,170 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Estee Lauder Companies by 22.2% during the 1st quarter. CWM LLC now owns 6,605 shares of the company’s stock valued at $436,000 after purchasing an additional 1,200 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.
Estee Lauder Companies Stock Down 0.0%
EL opened at $87.77 on Monday. The company has a market cap of $31.59 billion, a PE ratio of -27.95, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $104.53. The company has a 50-day moving average price of $91.64 and a 200 day moving average price of $82.79. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 1.89.
Estee Lauder Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, November 28th. Estee Lauder Companies’s payout ratio is presently -54.26%.
Analyst Ratings Changes
Several analysts recently commented on EL shares. Telsey Advisory Group raised their price target on shares of Estee Lauder Companies from $99.00 to $105.00 and gave the company a “market perform” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Estee Lauder Companies in a research note on Wednesday, October 8th. Barclays lifted their price target on Estee Lauder Companies from $63.00 to $84.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Evercore ISI upped their price target on Estee Lauder Companies from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Finally, Canaccord Genuity Group increased their price target on Estee Lauder Companies from $85.00 to $100.00 and gave the stock a “hold” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $95.16.
Get Our Latest Stock Analysis on EL
Insider Buying and Selling at Estee Lauder Companies
In other Estee Lauder Companies news, VP Lande Rashida La sold 6,417 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lynn Forester sold 3,702 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $91.65, for a total transaction of $339,288.30. Following the completion of the transaction, the director directly owned 15,479 shares in the company, valued at approximately $1,418,650.35. This represents a 19.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 13.05% of the stock is currently owned by corporate insiders.
Estee Lauder Companies Company 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.
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