The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Wealthspire Advisors LLC

Wealthspire Advisors LLC increased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,626 shares of the company’s stock after purchasing an additional 159 shares during the period. Wealthspire Advisors LLC’s holdings in Estée Lauder Companies were worth $1,847,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EL. Rakuten Securities Inc. acquired a new stake in Estée Lauder Companies during the 4th quarter worth $26,000. Sunbelt Securities Inc. raised its position in Estée Lauder Companies by 82.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after buying an additional 125 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new position in Estée Lauder Companies during the 4th quarter worth $50,000. Headinvest LLC purchased a new position in Estée Lauder Companies during the 3rd quarter worth $55,000. Finally, CVA Family Office LLC purchased a new position in Estée Lauder Companies during the 4th quarter worth $61,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Estée Lauder Companies in a research report on Friday, March 1st. They set a “neutral” rating and a $145.00 price objective for the company. StockNews.com upgraded shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. cut their price target on shares of Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Finally, Barclays cut their price target on shares of Estée Lauder Companies from $150.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, May 3rd. Seventeen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $160.92.

Estée Lauder Companies Trading Up 1.6 %

Shares of EL traded up $2.13 during mid-day trading on Thursday, hitting $131.66. The company had a trading volume of 1,516,518 shares, compared to its average volume of 2,799,584. The Estée Lauder Companies Inc. has a 1-year low of $102.22 and a 1-year high of $204.41. The business’s 50-day simple moving average is $144.85 and its 200-day simple moving average is $137.97. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The stock has a market cap of $47.20 billion, a PE ratio of 73.97, a P/E/G ratio of 3.50 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the firm posted $0.47 earnings per share. Estée Lauder Companies’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.66 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.64 annualized dividend and a yield of 2.01%. Estée Lauder Companies’s payout ratio is 148.31%.

About Estée 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.