The Estée Lauder Companies Inc. (NYSE:EL) Shares Bought by NewEdge Wealth LLC

NewEdge Wealth LLC raised its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,672 shares of the company’s stock after purchasing an additional 151 shares during the quarter. NewEdge Wealth LLC’s holdings in Estée Lauder Companies were worth $245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. YCG LLC grew its stake in shares of Estée Lauder Companies by 5.7% in the 4th quarter. YCG LLC now owns 178,242 shares of the company’s stock valued at $26,068,000 after purchasing an additional 9,619 shares during the last quarter. Clarius Group LLC grew its stake in shares of Estée Lauder Companies by 20.5% in the 4th quarter. Clarius Group LLC now owns 2,447 shares of the company’s stock valued at $358,000 after purchasing an additional 417 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of Estée Lauder Companies in the 4th quarter valued at approximately $202,000. Helios Capital Management PTE. Ltd. purchased a new stake in shares of Estée Lauder Companies in the fourth quarter valued at approximately $695,000. Finally, Sapient Capital LLC purchased a new stake in shares of Estée Lauder Companies in the fourth quarter valued at approximately $588,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EL has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on Estée Lauder Companies in a research note on Friday, March 1st. They issued a “neutral” rating and a $145.00 price target on the stock. StockNews.com downgraded Estée Lauder Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Bank of America upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $160.00 to $170.00 in a research note on Thursday, March 28th. Raymond James lifted their price target on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. lifted their price target on Estée Lauder Companies from $150.00 to $167.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $168.00.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock opened at $144.81 on Friday. The firm has a market capitalization of $51.91 billion, a P/E ratio of 111.39, a PEG ratio of 3.57 and a beta of 1.07. The stock has a fifty day moving average price of $146.56 and a 200 day moving average price of $138.07. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $260.46. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.55 by $0.33. The firm had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.19 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 earnings per share. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 annualized dividend and a yield of 1.82%. Estée Lauder Companies’s payout ratio is currently 203.08%.

Estée Lauder Companies Company 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.