Capital International Investors boosted its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,075,428 shares of the company’s stock after purchasing an additional 9,227 shares during the period. Capital International Investors owned about 0.30% of Estee Lauder Companies worth $94,767,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EL. Norges Bank purchased a new stake in Estee Lauder Companies during the 2nd quarter valued at $189,663,000. Victory Capital Management Inc. boosted its stake in shares of Estee Lauder Companies by 3,181.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,312,535 shares of the company’s stock worth $203,781,000 after buying an additional 2,242,062 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Estee Lauder Companies by 46.4% in the third quarter. Bank of New York Mellon Corp now owns 6,112,501 shares of the company’s stock worth $538,634,000 after acquiring an additional 1,937,107 shares during the period. Schroder Investment Management Group grew its holdings in shares of Estee Lauder Companies by 593.3% in the second quarter. Schroder Investment Management Group now owns 2,211,624 shares of the company’s stock worth $178,699,000 after acquiring an additional 1,892,629 shares during the period. Finally, Federated Hermes Inc. increased its position in Estee Lauder Companies by 556.8% during the second quarter. Federated Hermes Inc. now owns 1,554,088 shares of the company’s stock valued at $125,570,000 after acquiring an additional 1,317,473 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Stock Down 2.9%
NYSE EL opened at $91.54 on Thursday. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $121.64. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $33.11 billion, a P/E ratio of -183.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.11. The stock’s 50-day moving average price is $109.06 and its 200-day moving average price is $99.69.
Estee Lauder Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, February 27th. Estee Lauder Companies’s dividend payout ratio is presently -280.00%.
Analyst Ratings Changes
Several research analysts have issued reports on EL shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $113.00 target price on shares of Estee Lauder Companies in a research report on Tuesday, February 3rd. Wall Street Zen raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Wells Fargo & Company lowered their price objective on shares of Estee Lauder Companies from $111.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. HSBC downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $106.00 price objective on the stock. in a report on Tuesday, February 10th. Finally, Zacks Research cut shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Estee Lauder Companies currently has a consensus rating of “Hold” and a consensus target price of $104.43.
Get Our Latest Stock Report on EL
Estee Lauder Companies Profile
Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.
The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.
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