Prospera Financial Services Inc bought a new position in The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,127 shares of the company’s stock, valued at approximately $280,000.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Estée Lauder Companies by 1.1% during the third quarter. Vanguard Group Inc. now owns 18,112,285 shares of the company’s stock worth $3,910,442,000 after purchasing an additional 191,335 shares during the period. State Street Corp lifted its stake in Estée Lauder Companies by 1.0% in the third quarter. State Street Corp now owns 9,889,653 shares of the company’s stock valued at $2,135,176,000 after acquiring an additional 94,600 shares during the last quarter. Royal Bank of Canada lifted its stake in Estée Lauder Companies by 7.0% in the third quarter. Royal Bank of Canada now owns 4,417,198 shares of the company’s stock valued at $953,675,000 after acquiring an additional 289,510 shares during the last quarter. Alecta Tjanstepension Omsesidigt lifted its stake in Estée Lauder Companies by 8.5% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 2,803,300 shares of the company’s stock valued at $695,807,000 after acquiring an additional 220,000 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in Estée Lauder Companies by 0.3% in the third quarter. Brown Advisory Inc. now owns 2,612,855 shares of the company’s stock valued at $564,115,000 after acquiring an additional 8,670 shares during the last quarter. 55.74% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have issued reports on EL shares. Barclays reduced their target price on shares of Estée Lauder Companies from $287.00 to $230.00 in a research note on Friday, May 5th. Morgan Stanley lifted their target price on shares of Estée Lauder Companies from $271.00 to $281.00 and gave the company an “overweight” rating in a research note on Tuesday, January 17th. Societe Generale raised shares of Estée Lauder Companies from a “hold” rating to a “buy” rating and set a $294.00 price target on the stock in a research report on Wednesday, March 8th. Stifel Nicolaus dropped their price target on shares of Estée Lauder Companies from $305.00 to $265.00 in a research report on Thursday, May 4th. Finally, Argus lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies has an average rating of “Moderate Buy” and an average price target of $264.21.
Estée Lauder Companies Trading Down 1.3 %
Shares of Estée Lauder Companies stock opened at $199.15 on Monday. The firm has a market capitalization of $71.14 billion, a PE ratio of 66.16, a price-to-earnings-growth ratio of 6.62 and a beta of 1.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.46 and a quick ratio of 1.06. The company’s fifty day moving average price is $237.90 and its two-hundred day moving average price is $241.48. The Estée Lauder Companies Inc. has a 52-week low of $186.47 and a 52-week high of $284.45.
Estée Lauder Companies (NYSE:EL – Get Rating) last issued its earnings results on Wednesday, May 3rd. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.04). Estée Lauder Companies had a net margin of 6.88% and a return on equity of 23.99%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same quarter in the prior year, the firm posted $1.90 EPS. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, analysts expect that The Estée Lauder Companies Inc. will post 3.35 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be paid a $0.66 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $2.64 annualized dividend and a dividend yield of 1.33%. Estée Lauder Companies’s dividend payout ratio is presently 87.71%.
Estée Lauder Companies Profile
The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.
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