Koss Olinger Consulting LLC lowered its holdings in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 3.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,432 shares of the company’s stock after selling 975 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Estee Lauder Companies were worth $1,974,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Independent Franchise Partners LLP grew its holdings in Estee Lauder Companies by 1.5% in the 1st quarter. Independent Franchise Partners LLP now owns 7,976,434 shares of the company’s stock valued at $526,445,000 after buying an additional 118,276 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Estee Lauder Companies by 21.9% during the 1st quarter. Invesco Ltd. now owns 6,681,785 shares of the company’s stock worth $440,998,000 after purchasing an additional 1,200,537 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Estee Lauder Companies by 34.9% during the 1st quarter. American Century Companies Inc. now owns 4,511,115 shares of the company’s stock worth $297,734,000 after purchasing an additional 1,167,508 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Estee Lauder Companies by 3.9% during the 1st quarter. Bank of New York Mellon Corp now owns 3,088,880 shares of the company’s stock worth $203,866,000 after purchasing an additional 117,330 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Estee Lauder Companies by 3.4% during the 1st quarter. Northern Trust Corp now owns 2,445,947 shares of the company’s stock worth $161,433,000 after purchasing an additional 80,387 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.
Estee Lauder Companies Price Performance
Estee Lauder Companies stock opened at $102.20 on Monday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The company has a market capitalization of $36.78 billion, a PE ratio of -32.55, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $104.53. The business has a 50 day simple moving average of $90.79 and a 200 day simple moving average of $79.83.
Estee Lauder Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.35 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.40 annualized dividend and a yield of 1.4%. Estee Lauder Companies’s payout ratio is presently -44.59%.
Insider Buying and Selling at Estee Lauder Companies
In other Estee Lauder Companies news, Director Lynn Forester sold 3,702 shares of Estee Lauder Companies stock in a transaction on Friday, August 29th. The stock was sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the transaction, the director owned 15,479 shares in the company, valued at approximately $1,418,650.35. The trade was a 19.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lande Rashida La sold 6,417 shares of Estee Lauder Companies stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $91.88, for a total value of $589,593.96. The disclosure for this sale can be found here. Insiders own 13.05% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on EL. Deutsche Bank Aktiengesellschaft lifted their price objective on Estee Lauder Companies from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Estee Lauder Companies in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on Estee Lauder Companies from $99.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Bank of America began coverage on Estee Lauder Companies in a report on Thursday, July 10th. They set a “buy” rating and a $110.00 price objective on the stock. Finally, Telsey Advisory Group restated a “market perform” rating and set a $99.00 target price on shares of Estee Lauder Companies in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Estee Lauder Companies has a consensus rating of “Hold” and an average target price of $91.30.
Check Out Our Latest Research Report on EL
Estee Lauder Companies Profile
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.
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