NewEdge Wealth LLC Has $949,000 Stock Position in The Estee Lauder Companies Inc. $EL

NewEdge Wealth LLC raised its position in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 352.3% in the first quarter, Holdings Channel reports. The fund owned 13,226 shares of the company’s stock after buying an additional 10,302 shares during the quarter. NewEdge Wealth LLC’s holdings in Estee Lauder Companies were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Estee Lauder Companies by 3.9% in the 4th quarter. Vanguard Group Inc. now owns 27,952,869 shares of the company’s stock valued at $2,927,224,000 after purchasing an additional 1,043,746 shares during the period. State Street Corp boosted its holdings in Estee Lauder Companies by 4.2% during the fourth quarter. State Street Corp now owns 11,585,782 shares of the company’s stock valued at $1,213,263,000 after purchasing an additional 467,195 shares in the last quarter. Schroder Investment Management Group boosted its stake in Estee Lauder Companies by 185.3% in the 4th quarter. Schroder Investment Management Group now owns 8,140,550 shares of the company’s stock valued at $861,596,000 after buying an additional 5,286,875 shares in the last quarter. Independent Franchise Partners LLP boosted its stake in shares of Estee Lauder Companies by 1.1% in the 4th quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company’s stock valued at $820,717,000 after purchasing an additional 83,857 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Estee Lauder Companies by 22.7% in the fourth quarter. Bank of New York Mellon Corp now owns 7,497,179 shares of the company’s stock valued at $785,105,000 after buying an additional 1,384,678 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estee Lauder Companies Price Performance

Shares of EL stock opened at $83.26 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 1.71. The Estee Lauder Companies Inc. has a 12-month low of $66.22 and a 12-month high of $121.64. The firm has a fifty day moving average of $83.78 and a 200-day moving average of $90.05. The firm has a market capitalization of $30.12 billion, a price-to-earnings ratio of -118.94, a price-to-earnings-growth ratio of 0.62 and a beta of 1.27.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.66 by $0.25. Estee Lauder Companies had a positive return on equity of 20.66% and a negative net margin of 1.67%.The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the business posted $0.65 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. Estee Lauder Companies has set its FY 2026 guidance at 2.330-2.430 EPS. On average, equities research analysts forecast that The Estee Lauder Companies Inc. will post 2.41 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -200.00%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Sanford C. Bernstein initiated coverage on Estee Lauder Companies in a report on Friday, June 12th. They set a “market perform” rating and a $82.00 target price on the stock. Zacks Research lowered shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Citigroup raised their price target on Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Wells Fargo & Company lifted their price objective on Estee Lauder Companies from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Estee Lauder Companies from $124.00 to $108.00 and set a “buy” rating for the company in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $98.11.

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.