Kingsview Wealth Management LLC Makes New Investment in The Estée Lauder Companies Inc. (NYSE:EL)

Kingsview Wealth Management LLC acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:ELFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,674 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors also recently made changes to their positions in the company. Arlington Trust Co LLC bought a new stake in shares of Estée Lauder Companies in the third quarter valued at approximately $32,000. Chilton Capital Management LLC bought a new stake in shares of Estée Lauder Companies in the first quarter valued at approximately $37,000. Cornerstone Planning Group LLC bought a new stake in shares of Estée Lauder Companies in the second quarter valued at approximately $39,000. Exchange Traded Concepts LLC boosted its stake in shares of Estée Lauder Companies by 1,900.0% in the third quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock valued at $40,000 after buying an additional 266 shares during the period. Finally, Glass Jacobson Investment Advisors llc bought a new stake in shares of Estée Lauder Companies in the second quarter valued at approximately $43,000. Institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EL shares. TD Cowen cut Estée Lauder Companies from an “outperform” rating to a “market perform” rating and cut their price target for the company from $126.00 to $120.00 in a research note on Wednesday, November 8th. HSBC assumed coverage on shares of Estée Lauder Companies in a research report on Tuesday, November 28th. They set a “buy” rating and a $180.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Estée Lauder Companies from $200.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. Raymond James boosted their price objective on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday. Seventeen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Estée Lauder Companies presently has a consensus rating of “Hold” and a consensus price target of $173.35.

Read Our Latest Stock Report on Estée Lauder Companies

Estée Lauder Companies Stock Performance

Shares of EL opened at $141.93 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $50.79 billion, a P/E ratio of 109.18, a price-to-earnings-growth ratio of 4.75 and a beta of 1.07. The firm’s fifty day simple moving average is $137.56 and its two-hundred day simple moving average is $142.67. The Estée Lauder Companies Inc. has a 12 month low of $102.22 and a 12 month high of $262.81.

Estée Lauder Companies (NYSE:ELGet Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 3.08% and a return on equity of 9.78%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 earnings per share. As a group, analysts predict that The Estée Lauder Companies Inc. will post 2.26 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $2.64 dividend on an annualized basis and a yield of 1.86%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 203.08%.

About Estée Lauder Companies

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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