AJOVista LLC Purchases New Position in The Estée Lauder Companies Inc. (NYSE:EL)

AJOVista LLC purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,355 shares of the company’s stock, valued at approximately $198,000.

A number of other hedge funds have also modified their holdings of EL. Concord Wealth Partners raised its holdings in Estée Lauder Companies by 9.1% during the 4th quarter. Concord Wealth Partners now owns 1,173 shares of the company’s stock worth $172,000 after buying an additional 98 shares during the period. Beese Fulmer Investment Management Inc. raised its holdings in Estée Lauder Companies by 6.8% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 1,560 shares of the company’s stock worth $228,000 after buying an additional 100 shares during the period. Belpointe Asset Management LLC raised its holdings in Estée Lauder Companies by 6.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,773 shares of the company’s stock worth $256,000 after buying an additional 106 shares during the period. Insigneo Advisory Services LLC raised its holdings in Estée Lauder Companies by 8.1% during the 3rd quarter. Insigneo Advisory Services LLC now owns 1,533 shares of the company’s stock worth $222,000 after buying an additional 115 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Estée Lauder Companies by 0.7% during the 3rd quarter. Lindbrook Capital LLC now owns 16,798 shares of the company’s stock worth $2,428,000 after buying an additional 120 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Performance

EL stock traded down $2.00 during midday trading on Friday, reaching $132.94. 3,791,987 shares of the company were exchanged, compared to its average volume of 2,776,756. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 0.96. The business has a 50-day moving average price of $145.88 and a two-hundred day moving average price of $138.18. The Estée Lauder Companies Inc. has a one year low of $102.22 and a one year high of $209.64. The firm has a market capitalization of $47.66 billion, a price-to-earnings ratio of 74.69, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts forecast that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.64 dividend on an annualized basis and a yield of 1.99%. Estée Lauder Companies’s dividend payout ratio (DPR) is 148.32%.

Analysts Set New Price Targets

Several analysts have commented on EL shares. JPMorgan Chase & Co. dropped their target price on shares of Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday. Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Bank of America raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $160.00 to $170.00 in a research note on Thursday, March 28th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $155.00 price target on shares of Estée Lauder Companies in a research note on Wednesday. Finally, DA Davidson reaffirmed a “buy” rating and set a $191.00 price target on shares of Estée Lauder Companies in a research note on Monday, April 22nd. Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $160.92.

Estée Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.