WT Asset Management Ltd increased its position in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 60.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,000 shares of the company’s stock after buying an additional 20,000 shares during the quarter. WT Asset Management Ltd’s holdings in Estee Lauder Companies were worth $5,550,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aberdeen Group plc grew its stake in Estee Lauder Companies by 13.4% during the fourth quarter. Aberdeen Group plc now owns 201,255 shares of the company’s stock worth $21,075,000 after buying an additional 23,717 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Estee Lauder Companies by 539.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 229,749 shares of the company’s stock worth $20,245,000 after acquiring an additional 193,833 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of Estee Lauder Companies by 55.8% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 26,682 shares of the company’s stock valued at $2,351,000 after acquiring an additional 9,559 shares during the period. Strs Ohio lifted its holdings in shares of Estee Lauder Companies by 53.0% during the 3rd quarter. Strs Ohio now owns 190,589 shares of the company’s stock valued at $16,795,000 after acquiring an additional 66,003 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Estee Lauder Companies by 44.5% during the 3rd quarter. HighTower Advisors LLC now owns 37,002 shares of the company’s stock valued at $3,261,000 after acquiring an additional 11,398 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.
Estee Lauder Companies Stock Up 1.8%
Shares of Estee Lauder Companies stock opened at $77.79 on Friday. The Estee Lauder Companies Inc. has a 1-year low of $56.66 and a 1-year high of $121.64. The company has a market capitalization of $28.14 billion, a PE ratio of -155.58, a P/E/G ratio of 0.88 and a beta of 1.26. 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 business has a 50-day moving average of $86.43 and a 200-day moving average of $96.87.
Estee Lauder Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, February 27th. Estee Lauder Companies’s dividend payout ratio is -280.00%.
Analyst Ratings Changes
Several analysts recently issued reports on EL shares. Zacks Research downgraded Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Citigroup decreased their target price on Estee Lauder Companies from $120.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. HSBC downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $106.00 target price on the stock. in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Estee Lauder Companies from $124.00 to $108.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $113.00 price objective on shares of Estee Lauder Companies in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $97.95.
Read Our Latest Analysis on EL
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.
Read More
Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estee Lauder Companies Inc. (NYSE:EL – Free Report).
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.
