Raiffeisen Bank International AG purchased a new position in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,361 shares of the company’s stock, valued at approximately $1,369,000.
Other institutional investors have also recently made changes to their positions in the company. Asset Dedication LLC grew its holdings in shares of Estee Lauder Companies by 258.7% in the second quarter. Asset Dedication LLC now owns 391 shares of the company’s stock worth $32,000 after purchasing an additional 282 shares during the last quarter. Quent Capital LLC bought a new stake in Estee Lauder Companies in the 3rd quarter worth $33,000. Hantz Financial Services Inc. increased its position in shares of Estee Lauder Companies by 80.6% in the third quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $33,000 after acquiring an additional 166 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Estee Lauder Companies by 69.5% during the second quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock valued at $41,000 after acquiring an additional 210 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Estee Lauder Companies during the second quarter valued at about $42,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Price Performance
EL opened at $114.15 on Friday. 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 company has a market cap of $41.29 billion, a price-to-earnings ratio of -228.29, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. The stock has a fifty day simple moving average of $110.17 and a two-hundred day simple moving average of $98.62. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $121.64.
Estee Lauder Companies Announces Dividend
The firm also recently disclosed 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 yield of 1.2%. The ex-dividend date is Friday, February 27th. Estee Lauder Companies’s dividend payout ratio is -280.00%.
Analyst Ratings Changes
Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Estee Lauder Companies from $131.00 to $121.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Raymond James Financial raised Estee Lauder Companies from a “market perform” rating to a “strong-buy” rating and set a $130.00 target price on the stock in a research note on Monday, January 5th. Wall Street Zen raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Wells Fargo & Company cut their price target on shares of Estee Lauder Companies from $111.00 to $105.00 and set an “equal weight” rating on the stock in a report on Friday, February 6th. Finally, HSBC lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $106.00 price objective for the company. in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $103.36.
Check Out Our Latest Stock Report on Estee Lauder Companies
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.
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