Jupiter Asset Management Ltd. lifted its position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 372.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 494,391 shares of the company’s stock after acquiring an additional 389,667 shares during the period. Jupiter Asset Management Ltd.’s holdings in Estee Lauder Companies were worth $39,947,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in EL. TD Private Client Wealth LLC raised its position in Estee Lauder Companies by 246.4% during the second quarter. TD Private Client Wealth LLC now owns 478 shares of the company’s stock valued at $39,000 after purchasing an additional 340 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Estee Lauder Companies by 1,182.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock valued at $33,000 after purchasing an additional 461 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Estee Lauder Companies by 69.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock worth $41,000 after buying an additional 210 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Estee Lauder Companies during the 2nd quarter worth $44,000. Finally, Winthrop Capital Management LLC boosted its stake in Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock valued at $39,000 after buying an additional 560 shares in the last quarter. 55.15% of the stock is owned by institutional investors.
Estee Lauder Companies Trading Up 1.4%
NYSE:EL opened at $90.92 on Wednesday. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $104.53. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.92 and a current ratio of 1.30. The firm’s fifty day moving average is $91.60 and its 200-day moving average is $83.23. The firm has a market cap of $32.72 billion, a P/E ratio of -28.96, a P/E/G ratio of 1.77 and a beta of 1.19.
Estee Lauder Companies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 28th. Estee Lauder Companies’s dividend payout ratio (DPR) is presently -54.26%.
Insider Buying and Selling at Estee Lauder Companies
In other news, VP Lande Rashida La sold 6,417 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Forester sold 3,702 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $91.65, for a total value of $339,288.30. Following the transaction, the director directly owned 15,479 shares in the company, valued at approximately $1,418,650.35. This trade represents a 19.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 13.05% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Wells Fargo & Company boosted their target price on Estee Lauder Companies from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Argus raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Tuesday. The Goldman Sachs Group raised shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $76.00 to $115.00 in a research note on Monday, October 13th. Canaccord Genuity Group boosted their target price on shares of Estee Lauder Companies from $85.00 to $100.00 and gave the stock a “hold” rating in a research note on Monday, October 27th. Finally, Royal Bank Of Canada upped their price target on shares of Estee Lauder Companies from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.65.
View Our Latest Stock Report on EL
Estee 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.
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