Unique Wealth Strategies LLC Invests $819,000 in The Estée Lauder Companies Inc. (NYSE:EL)

Unique Wealth Strategies LLC bought a new position in The Estée Lauder Companies Inc. (NYSE:EL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,601 shares of the company’s stock, valued at approximately $819,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Keybank National Association OH raised its holdings in shares of Estée Lauder Companies by 11.3% in the third quarter. Keybank National Association OH now owns 4,507 shares of the company’s stock worth $651,000 after buying an additional 458 shares during the period. Impax Asset Management Group plc raised its holdings in shares of Estée Lauder Companies by 517.6% in the fourth quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock worth $6,820,000 after buying an additional 39,082 shares during the period. ICICI Prudential Asset Management Co Ltd raised its holdings in shares of Estée Lauder Companies by 221.9% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 62,780 shares of the company’s stock worth $9,075,000 after buying an additional 43,280 shares during the period. YCG LLC raised its holdings in shares of Estée Lauder Companies by 5.7% in the fourth quarter. YCG LLC now owns 178,242 shares of the company’s stock worth $26,068,000 after buying an additional 9,619 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Estée Lauder Companies by 37.1% in the third quarter. Nordea Investment Management AB now owns 1,411,163 shares of the company’s stock worth $205,776,000 after buying an additional 381,860 shares during the period. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EL has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 target price on the stock. in a research report on Tuesday, January 2nd. DA Davidson reaffirmed a “buy” rating and set a $191.00 target price on shares of Estée Lauder Companies in a research report on Monday, April 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $155.00 target price on shares of Estée Lauder Companies in a research report on Thursday. Wells Fargo & Company increased their target price on Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. increased their target price on Estée Lauder Companies from $150.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $168.17.

Estée Lauder Companies Price Performance

EL stock traded up $2.46 during trading on Friday, hitting $147.45. The stock had a trading volume of 2,435,850 shares, compared to its average volume of 2,016,077. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96. The Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $250.63. The stock has a market capitalization of $52.86 billion, a P/E ratio of 113.42, a PEG ratio of 3.80 and a beta of 1.07. The company’s 50-day moving average price is $146.86 and its two-hundred day moving average price is $138.25.

Estée Lauder Companies (NYSE:EL) last issued its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.33. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 EPS. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s payout ratio is presently 203.08%.

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.