Amica Mutual Insurance Co. raised its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 165.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,951 shares of the company’s stock after purchasing an additional 12,447 shares during the period. Amica Mutual Insurance Co.’s holdings in Estee Lauder Companies were worth $1,758,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of EL. Asset Dedication LLC increased its holdings in shares of Estee Lauder Companies by 258.7% during the second quarter. Asset Dedication LLC now owns 391 shares of the company’s stock valued at $32,000 after acquiring an additional 282 shares in the last quarter. Quent Capital LLC purchased a new stake in Estee Lauder Companies during the 3rd quarter valued at $33,000. Hantz Financial Services Inc. grew its stake in shares of Estee Lauder Companies by 80.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $33,000 after purchasing an additional 166 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of Estee Lauder Companies by 69.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock worth $41,000 after acquiring an additional 210 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Estee Lauder Companies in the second quarter worth about $42,000. 55.15% of the stock is owned by institutional investors.
Estee Lauder Companies Stock Up 1.5%
Shares of Estee Lauder Companies stock opened at $108.03 on Monday. 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 market capitalization of $39.08 billion, a P/E ratio of -216.06, a P/E/G ratio of 1.21 and a beta of 1.14. 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 50 day moving average of $109.48 and a 200 day moving average of $97.98.
Estee Lauder Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, February 27th. This represents a $1.40 annualized dividend and a yield of 1.3%. Estee Lauder Companies’s dividend payout ratio is -280.00%.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Barclays dropped their price objective on shares of Estee Lauder Companies from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Monday, February 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $113.00 price objective on shares of Estee Lauder Companies in a research note on Tuesday, February 3rd. HSBC cut shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a report on Tuesday, February 10th. Argus upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. cut their price target on Estee Lauder Companies from $131.00 to $121.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.36.
Get Our Latest Stock Report on Estee Lauder Companies
Insider Transactions at Estee Lauder Companies
In other Estee Lauder Companies news, VP Meridith Webster sold 5,430 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $87.84, for a total transaction of $476,971.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.05% of the company’s stock.
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.
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