Compagnie Lombard Odier SCmA cut its position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 18.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 223,665 shares of the company’s stock after selling 49,588 shares during the quarter. Compagnie Lombard Odier SCmA owned approximately 0.06% of Estee Lauder Companies worth $23,422,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of Estee Lauder Companies by 3,181.4% during 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 in the last quarter. Wellington Management Group LLP grew its holdings in shares of Estee Lauder Companies by 3,986.4% in the third quarter. Wellington Management Group LLP now owns 2,082,217 shares of the company’s stock valued at $183,485,000 after acquiring an additional 2,031,262 shares in 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 valued at $538,634,000 after acquiring an additional 1,937,107 shares in the last quarter. Franklin Resources Inc. increased its position 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 acquiring an additional 1,403,807 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings 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 worth $125,570,000 after acquiring an additional 1,317,473 shares during the period. 55.15% of the stock is owned by institutional investors.
Estee Lauder Companies Stock Performance
Shares of EL opened at $70.46 on Thursday. The firm has a market cap of $25.49 billion, a PE ratio of -140.92, a PEG ratio of 0.81 and a beta of 1.11. The stock’s fifty day moving average price is $98.98 and its two-hundred day moving average price is $98.54. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.36 and a quick ratio of 1.00. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $121.64.
Estee Lauder Companies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, February 27th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -280.00%.
Analyst Ratings Changes
Several research firms have weighed in on EL. Weiss Ratings reissued a “sell (d)” rating on shares of Estee Lauder Companies in a research report on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $113.00 target price on shares of Estee Lauder Companies in a research note on Tuesday, February 3rd. Jefferies Financial Group initiated coverage on shares of Estee Lauder Companies in a report on Wednesday, January 14th. They issued a “hold” rating and a $110.00 price target on the stock. Wall Street Zen upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Barclays decreased 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. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.76.
Read Our Latest Stock Analysis 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.
See Also
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