Russell Investments Group Ltd. Purchases 69,799 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Russell Investments Group Ltd. grew its position in shares of The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 51.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,261 shares of the company’s stock after buying an additional 69,799 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Estée Lauder Companies worth $44,455,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Jennison Associates LLC grew its holdings in shares of Estée Lauder Companies by 3.3% during the 2nd quarter. Jennison Associates LLC now owns 6,583,205 shares of the company’s stock worth $1,676,545,000 after purchasing an additional 212,961 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Estée Lauder Companies by 2.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,493,915 shares of the company’s stock valued at $889,795,000 after buying an additional 80,313 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Estée Lauder Companies by 12.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,939,702 shares of the company’s stock valued at $748,654,000 after buying an additional 316,211 shares in the last quarter. Alecta Tjanstepension Omsesidigt boosted its stake in Estée Lauder Companies by 32.6% in the third quarter. Alecta Tjanstepension Omsesidigt now owns 2,583,300 shares of the company’s stock valued at $558,587,000 after buying an additional 635,000 shares in the last quarter. Finally, Amundi boosted its stake in Estée Lauder Companies by 12.7% in the second quarter. Amundi now owns 1,702,269 shares of the company’s stock valued at $415,321,000 after buying an additional 191,879 shares in the last quarter. 55.74% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Up 1.0 %

Shares of EL stock opened at $277.16 on Wednesday. The company has a market cap of $98.89 billion, a P/E ratio of 46.27, a PEG ratio of 5.28 and a beta of 0.95. The stock has a 50 day simple moving average of $245.09 and a two-hundred day simple moving average of $241.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.11 and a current ratio of 1.68. The Estée Lauder Companies Inc. has a fifty-two week low of $186.47 and a fifty-two week high of $324.70.

Estée Lauder Companies (NYSE:ELGet Rating) last issued its earnings results on Wednesday, November 2nd. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a return on equity of 41.46% and a net margin of 12.66%. Research analysts forecast that The Estée Lauder Companies Inc. will post 5.4 earnings per share for the current year.

Estée Lauder Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Tuesday, November 29th. This is a boost from Estée Lauder Companies’s previous quarterly dividend of $0.60. Estée Lauder Companies’s dividend payout ratio (DPR) is 44.07%.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 11,705 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $270.00, for a total value of $3,160,350.00. Following the completion of the sale, the chief executive officer now owns 125,762 shares of the company’s stock, valued at $33,955,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EL. Wells Fargo & Company raised their price objective on Estée Lauder Companies from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. StockNews.com assumed coverage on Estée Lauder Companies in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Oppenheimer lifted their price target on Estée Lauder Companies from $245.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, January 17th. Berenberg Bank lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and cut their price target for the company from $323.00 to $220.00 in a research note on Monday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Estée Lauder Companies from $266.00 to $290.00 in a research note on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies has an average rating of “Moderate Buy” and an average target price of $269.48.

About Estée Lauder Companies

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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