The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 117.6% in the 4th quarter, Holdings Channel reports. The firm owned 20,806 shares of the company’s stock after purchasing an additional 11,243 shares during the period. Captrust Financial Advisors’ holdings in Estée Lauder Companies were worth $1,560,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ameliora Wealth Management Ltd. acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth about $29,000. Deseret Mutual Benefit Administrators lifted its stake in Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Estée Lauder Companies in the 4th quarter worth approximately $30,000. Eagle Bay Advisors LLC lifted its stake in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on EL. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley decreased their target price on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Telsey Advisory Group reissued a “market perform” rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research note on Thursday, May 1st. Citigroup decreased their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Piper Sandler reissued an “overweight” rating and issued a $75.00 target price (down from $92.00) on shares of Estée Lauder Companies in a research note on Friday, May 2nd. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $75.20.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $65.46 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $139.34. The stock has a market capitalization of $23.50 billion, a PE ratio of -33.57, a P/E/G ratio of 6.09 and a beta of 1.12. The firm has a 50 day moving average of $61.08 and a two-hundred day moving average of $69.33.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm’s revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. On average, research analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.14%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently -57.85%.

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, and powders, as well as compacts, brushes, and other makeup tools.