Aptus Capital Advisors LLC Acquires 1,328 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Aptus Capital Advisors LLC grew its position in The Estée Lauder Companies Inc. (NYSE:ELFree Report) by 120.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,426 shares of the company’s stock after acquiring an additional 1,328 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Estée Lauder Companies were worth $351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Estée Lauder Companies during the 4th quarter valued at about $858,070,000. Capital International Investors boosted its stake in Estée Lauder Companies by 115.1% in the 2nd quarter. Capital International Investors now owns 4,584,843 shares of the company’s stock worth $900,212,000 after purchasing an additional 2,453,830 shares in the last quarter. Morgan Stanley lifted its stake in Estée Lauder Companies by 20.0% during the 4th quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock valued at $1,739,070,000 after acquiring an additional 1,167,553 shares during the period. Van ECK Associates Corp lifted its stake in Estée Lauder Companies by 132.4% during the 3rd quarter. Van ECK Associates Corp now owns 1,735,740 shares of the company’s stock valued at $250,901,000 after acquiring an additional 988,829 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in Estée Lauder Companies by 74.4% during the 4th quarter. Lazard Asset Management LLC now owns 2,026,676 shares of the company’s stock valued at $502,837,000 after acquiring an additional 864,628 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

EL stock opened at $143.34 on Friday. The company has a market capitalization of $51.29 billion, a P/E ratio of 110.26, a PEG ratio of 3.91 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 $262.26. The business has a 50 day simple moving average of $138.05 and a 200-day simple moving average of $142.17. The company has a current ratio of 1.36, a quick ratio of 0.97 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies (NYSE:ELGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The company’s revenue was down 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Estée Lauder Companies Inc. will post 2.24 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 29th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio is presently 203.08%.

Analyst Ratings Changes

EL has been the subject of several recent analyst reports. Raymond James boosted their price target on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 6th. The Goldman Sachs Group lowered their target price on shares of Estée Lauder Companies from $185.00 to $141.00 and set a “buy” rating on the stock in a research note on Thursday, November 2nd. Morgan Stanley lowered their target price on shares of Estée Lauder Companies from $200.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Telsey Advisory Group boosted their price target on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. Finally, Berenberg Bank cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $224.00 to $118.00 in a research report on Friday, November 3rd. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $173.35.

View Our Latest Analysis on EL

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.

Further Reading

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

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