The Estée Lauder Companies Inc. (NYSE:EL) Position Boosted by Wealthspire Advisors LLC

Wealthspire Advisors LLC raised its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,626 shares of the company’s stock after acquiring an additional 159 shares during the quarter. Wealthspire Advisors LLC’s holdings in Estée Lauder Companies were worth $1,847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in shares of Estée Lauder Companies by 29.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 22,201 shares of the company’s stock valued at $3,209,000 after buying an additional 5,025 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Estée Lauder Companies by 40.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,619 shares of the company’s stock valued at $2,402,000 after buying an additional 4,773 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Estée Lauder Companies by 61.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,213 shares of the company’s stock valued at $320,000 after buying an additional 843 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of Estée Lauder Companies in the 3rd quarter valued at approximately $387,000. Finally, Simmons Bank grew its stake in shares of Estée Lauder Companies by 14.2% in the 3rd quarter. Simmons Bank now owns 1,788 shares of the company’s stock valued at $258,000 after buying an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Canaccord Genuity Group lowered their price target on Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. StockNews.com raised Estée Lauder Companies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Bank of America raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $160.00 to $170.00 in a research report on Thursday, March 28th. JPMorgan Chase & Co. decreased their target price on Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, 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. Seventeen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus price target of $160.92.

Estée Lauder Companies Stock Performance

Shares of NYSE EL traded up $2.13 during trading hours on Thursday, reaching $131.66. The stock had a trading volume of 1,516,518 shares, compared to its average volume of 2,799,584. The business’s fifty day moving average is $144.85 and its two-hundred day moving average is $137.97. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.58 and a quick ratio of 1.15. The company has a market cap of $47.20 billion, a price-to-earnings ratio of 73.97, a PEG ratio of 3.50 and a beta of 1.07. The Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $204.41.

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

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, May 30th. Estée Lauder Companies’s dividend payout ratio (DPR) 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.