Partnership Wealth Management LLC Purchases 783 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Partnership Wealth Management LLC grew its position in The Estée Lauder Companies Inc. (NYSE:EL) by 5.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,714 shares of the company’s stock after acquiring an additional 783 shares during the quarter. Partnership Wealth Management LLC’s holdings in Estée Lauder Companies were worth $971,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Estée Lauder Companies by 8,283.2% in the 1st quarter. GAMMA Investing LLC now owns 238,920 shares of the company’s stock worth $15,769,000 after acquiring an additional 236,070 shares during the period. First Hawaiian Bank lifted its position in shares of Estée Lauder Companies by 2.9% during the 1st quarter. First Hawaiian Bank now owns 7,200 shares of the company’s stock worth $475,000 after buying an additional 200 shares during the period. Cullen Investment Group LTD. lifted its position in shares of Estée Lauder Companies by 7.0% during the 1st quarter. Cullen Investment Group LTD. now owns 9,856 shares of the company’s stock worth $650,000 after buying an additional 642 shares during the period. Cacti Asset Management LLC lifted its position in shares of Estée Lauder Companies by 133.3% during the 1st quarter. Cacti Asset Management LLC now owns 7,000 shares of the company’s stock worth $458,000 after buying an additional 4,000 shares during the period. Finally, California State Teachers Retirement System lifted its position in shares of Estée Lauder Companies by 2.6% during the 4th quarter. California State Teachers Retirement System now owns 405,601 shares of the company’s stock worth $30,412,000 after buying an additional 10,129 shares during the period. Institutional investors own 55.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley cut their target price on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on Estée Lauder Companies from $72.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. DA Davidson restated a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Stifel Nicolaus cut their target price on Estée Lauder Companies from $77.00 to $67.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Finally, Wall Street Zen downgraded Estée Lauder Companies from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.15.

Estée Lauder Companies Stock Up 3.7%

NYSE EL opened at $68.74 on Friday. The stock has a fifty day moving average of $60.31 and a 200-day moving average of $68.80. The stock has a market capitalization of $24.73 billion, a P/E ratio of -35.25, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $125.90. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.29 by $0.36. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.04%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently -57.85%.

Estée 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.