Aberdeen Group plc increased its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,255 shares of the company’s stock after buying an additional 23,717 shares during the quarter. Aberdeen Group plc owned 0.06% of Estee Lauder Companies worth $21,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position 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 valued at $203,781,000 after purchasing an additional 2,242,062 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Estee Lauder Companies by 3,986.4% during the third quarter. Wellington Management Group LLP now owns 2,082,217 shares of the company’s stock worth $183,485,000 after buying an additional 2,031,262 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Estee Lauder Companies by 46.4% during 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 buying an additional 1,937,107 shares during the period. Franklin Resources Inc. grew its holdings in shares of Estee Lauder Companies by 1,193.8% during the third quarter. Franklin Resources Inc. now owns 1,521,399 shares of the company’s stock valued at $134,066,000 after buying an additional 1,403,807 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of 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 buying an additional 1,317,473 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.
Estee Lauder Companies Stock Down 0.3%
Shares of EL opened at $68.93 on Monday. The firm has a market cap of $24.93 billion, a P/E ratio of -137.85, a PEG ratio of 0.78 and a beta of 1.26. The Estee Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $121.64. The stock’s 50 day moving average is $97.00 and its two-hundred day moving average is $98.35. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.
Estee Lauder Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is -280.00%.
Analyst Ratings Changes
EL has been the subject of a number of research analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $105.00 target price on shares of Estee Lauder Companies in a research note on Thursday, February 5th. Zacks Research downgraded Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Jefferies Financial Group assumed coverage on Estee Lauder Companies in a report on Wednesday, January 14th. They issued a “hold” rating and a $110.00 price objective on the stock. HSBC downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $106.00 target price for the company. in a report on Tuesday, February 10th. Finally, Wall Street Zen lowered Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $102.76.
Read Our Latest Stock Report on Estee Lauder Companies
Estee Lauder Companies Company 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.
Further Reading
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