BNP Paribas lowered its stake in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 60.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,054 shares of the company’s stock after selling 9,121 shares during the period. BNP Paribas’ holdings in Estee Lauder Companies were worth $537,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Estee Lauder Companies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,898 shares of the company’s stock valued at $1,709,000 after purchasing an additional 1,177 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Estee Lauder Companies by 33.4% during the 1st quarter. NewEdge Advisors LLC now owns 6,992 shares of the company’s stock worth $462,000 after purchasing an additional 1,749 shares during the last quarter. Empowered Funds LLC boosted its stake in Estee Lauder Companies by 24.1% in the 1st quarter. Empowered Funds LLC now owns 4,619 shares of the company’s stock valued at $305,000 after purchasing an additional 898 shares during the period. Prospera Financial Services Inc boosted its stake in Estee Lauder Companies by 14.2% in the 2nd quarter. Prospera Financial Services Inc now owns 4,158 shares of the company’s stock valued at $337,000 after purchasing an additional 518 shares during the period. Finally, Allworth Financial LP grew its holdings in Estee Lauder Companies by 72.8% in the 2nd quarter. Allworth Financial LP now owns 1,500 shares of the company’s stock valued at $121,000 after buying an additional 632 shares in the last quarter. 55.15% of the stock is owned by institutional investors.
Estee Lauder Companies Price Performance
Shares of NYSE:EL opened at $87.80 on Monday. The firm has a 50 day moving average of $108.27 and a 200-day moving average of $99.69. The Estee Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $121.64. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. The stock has a market capitalization of $31.76 billion, a PE ratio of -175.60, a PEG ratio of 0.98 and a beta of 1.11.
Estee Lauder Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -280.00%.
Analyst Ratings Changes
EL has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on Estee Lauder Companies from $124.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Citigroup upgraded shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, February 6th. UBS Group raised their price target on shares of Estee Lauder Companies from $105.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $105.00 price objective on shares of Estee Lauder Companies in a research note on Thursday, February 5th. Finally, Raymond James Financial raised shares of Estee Lauder Companies from a “market perform” rating to a “strong-buy” rating and set a $130.00 price objective for the company in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Estee Lauder Companies presently has an average rating of “Hold” and a consensus price target of $104.43.
Check Out Our Latest Research Report on EL
About Estee Lauder Companies
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.
Recommended Stories
- Five stocks we like better than Estee Lauder Companies
- The $8,000 Gold Call Every Retirement Saver Needs to Read Right Now
- A personal warning from Martin Weiss (Please read)
- Elon Musk: This Could Turn $100 into $100,000
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- America’s gold reserves are priced at $42. The real price is $6,000+.
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.
