Grove Bank & Trust Purchases 632 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Grove Bank & Trust raised its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 8.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,314 shares of the company’s stock after purchasing an additional 632 shares during the period. Grove Bank & Trust’s holdings in Estee Lauder Companies were worth $549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EL. Deseret Mutual Benefit Administrators boosted its holdings in Estee Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock valued at $29,000 after acquiring an additional 158 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Estee Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after purchasing an additional 154 shares during the period. CVA Family Office LLC increased its position in shares of Estee Lauder Companies by 116.2% during the first quarter. CVA Family Office LLC now owns 668 shares of the company’s stock valued at $44,000 after buying an additional 359 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Estee Lauder Companies during the fourth quarter valued at about $50,000. Finally, Farther Finance Advisors LLC lifted its holdings in Estee Lauder Companies by 41.0% in the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company’s stock worth $53,000 after buying an additional 229 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

EL has been the subject of several research reports. DA Davidson reissued a “buy” rating and issued a $81.00 target price on shares of Estee Lauder Companies in a research report on Tuesday, February 25th. Canaccord Genuity Group dropped their target price on shares of Estee Lauder Companies from $70.00 to $62.00 and set a “hold” rating on the stock in a report on Tuesday, April 29th. Royal Bank Of Canada decreased their price target on shares of Estee Lauder Companies from $100.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on shares of Estee Lauder Companies from $72.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, Wells Fargo & Company lowered their price objective on Estee Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.15.

Estee Lauder Companies Trading Up 0.5%

Shares of Estee Lauder Companies stock opened at $74.95 on Wednesday. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $115.82. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The business has a 50-day moving average price of $62.65 and a 200-day moving average price of $68.94. The firm has a market cap of $26.96 billion, a price-to-earnings ratio of -30.97, a PEG ratio of 9.31 and a beta of 1.12.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.36. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Estee Lauder Companies had a positive return on equity of 15.60% and a negative net margin of 5.89%. The firm’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 annualized dividend and a yield of 1.87%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -57.85%.

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.