Steward Partners Investment Advisory LLC increased its position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 128.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,981 shares of the company’s stock after buying an additional 33,685 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Estee Lauder Companies were worth $4,846,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Estee Lauder Companies by 1,182.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock valued at $33,000 after acquiring an additional 461 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Estee Lauder Companies by 246.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 478 shares of the company’s stock worth $39,000 after purchasing an additional 340 shares in the last quarter. Golden State Wealth Management LLC grew its position in Estee Lauder Companies by 69.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock valued at $41,000 after purchasing an additional 210 shares during the period. Ameritas Advisory Services LLC bought a new stake in Estee Lauder Companies during the 2nd quarter valued at $44,000. Finally, Smartleaf Asset Management LLC increased its stake in Estee Lauder Companies by 64.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 788 shares of the company’s stock valued at $52,000 after purchasing an additional 309 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Price Performance
Estee Lauder Companies stock opened at $93.85 on Thursday. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $104.53. The company’s 50 day moving average price is $91.97 and its two-hundred day moving average price is $85.38. The stock has a market cap of $33.82 billion, a P/E ratio of -29.89, a P/E/G ratio of 1.77 and a beta of 1.19. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 1.89.
Estee Lauder Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -54.26%.
Insider Transactions at Estee Lauder Companies
In related news, Director Barry S. Sternlicht sold 3,972 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $91.83, for a total transaction of $364,748.76. Following the completion of the sale, the director owned 34,812 shares in the company, valued at approximately $3,196,785.96. This trade represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Meridith Webster sold 5,430 shares of Estee Lauder Companies stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $87.84, for a total transaction of $476,971.20. The SEC filing for this sale provides additional information. Insiders have sold 13,104 shares of company stock worth $1,181,008 in the last ninety days. Company insiders own 13.05% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on EL shares. Wall Street Zen lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Evercore ISI lifted their price target on Estee Lauder Companies from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Estee Lauder Companies in a report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price objective on Estee Lauder Companies from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $94.43.
Check Out Our Latest Stock Analysis on EL
About Estee Lauder Companies
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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