Pinpoint Asset Management Singapore Pte. Ltd. increased its position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 186.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,315 shares of the company’s stock after purchasing an additional 6,061 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in Estee Lauder Companies were worth $975,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EL. REAP Financial Group LLC bought a new stake in Estee Lauder Companies during the fourth quarter worth approximately $27,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in Estee Lauder Companies in the fourth quarter worth approximately $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Estee Lauder Companies during the 4th quarter valued at $32,000. Hantz Financial Services Inc. lifted its position in shares of Estee Lauder Companies by 80.6% during the 3rd 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 last quarter. Finally, N.E.W. Advisory Services LLC boosted its stake in shares of Estee Lauder Companies by 39.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock worth $34,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Trading Up 1.8%
NYSE EL opened at $89.64 on Friday. The Estee Lauder Companies Inc. has a twelve month low of $66.22 and a twelve month 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 market cap of $32.43 billion, a price-to-earnings ratio of -128.05, a PEG ratio of 0.91 and a beta of 1.26. The firm’s 50 day moving average price is $80.32 and its two-hundred day moving average price is $94.58.
Estee Lauder Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, May 29th. Estee Lauder Companies’s payout ratio is presently -200.00%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on EL. UBS Group raised their price objective on Estee Lauder Companies from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Canaccord Genuity Group raised their price objective on Estee Lauder Companies from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Weiss Ratings lowered Estee Lauder Companies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on Estee Lauder Companies from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Estee Lauder Companies from $124.00 to $108.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.65.
Check Out 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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