Northwestern Mutual Wealth Management Co. grew its position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 125.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,481 shares of the company’s stock after acquiring an additional 6,396 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Estee Lauder Companies were worth $1,202,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Estee Lauder Companies by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 27,952,869 shares of the company’s stock worth $2,927,224,000 after acquiring an additional 1,043,746 shares during the last quarter. State Street Corp grew its stake in shares of Estee Lauder Companies by 2.4% in the third quarter. State Street Corp now owns 11,118,587 shares of the company’s stock valued at $979,770,000 after buying an additional 259,048 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Estee Lauder Companies by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 6,308,108 shares of the company’s stock valued at $658,020,000 after buying an additional 331,530 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Estee Lauder Companies by 29.0% in the third quarter. Schroder Investment Management Group now owns 2,853,675 shares of the company’s stock valued at $254,348,000 after buying an additional 642,051 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of Estee Lauder Companies by 16,270.3% in the fourth quarter. M&T Bank Corp now owns 2,667,208 shares of the company’s stock valued at $279,310,000 after buying an additional 2,650,915 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.
Estee Lauder Companies Trading Up 0.1%
Shares of EL opened at $83.56 on Monday. The company has a market capitalization of $30.23 billion, a P/E ratio of -119.38, a P/E/G ratio of 0.86 and a beta of 1.26. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The stock has a 50-day moving average price of $78.57 and a 200 day moving average price of $94.65.
Estee Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -200.00%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on EL shares. Telsey Advisory Group lowered their target price on Estee Lauder Companies from $105.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, May 4th. UBS Group increased their target price on Estee Lauder Companies from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. HSBC lowered Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $106.00 target price for the company. in a research note on Tuesday, February 10th. Piper Sandler started coverage on Estee Lauder Companies in a research note on Friday, May 15th. They issued an “overweight” rating and a $95.00 target price for the company. Finally, Wells Fargo & Company increased their target price on Estee Lauder Companies from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.63.
Get Our Latest Report on Estee Lauder Companies
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.
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