Legacy Wealth Asset Management LLC Has $384,000 Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Legacy Wealth Asset Management LLC grew its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 26.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,821 shares of the company’s stock after acquiring an additional 1,210 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Estée Lauder Companies were worth $384,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EL. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies during the fourth quarter worth about $29,000. Deseret Mutual Benefit Administrators raised its stake in Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after acquiring an additional 158 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies during the fourth quarter worth about $30,000. Smartleaf Asset Management LLC raised its stake in Estée Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after acquiring an additional 154 shares in the last quarter. Finally, Quent Capital LLC raised its stake in Estée Lauder Companies by 278.2% during the fourth quarter. Quent Capital LLC now owns 658 shares of the company’s stock worth $49,000 after acquiring an additional 484 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $66.92 on Monday. The business’s 50 day simple moving average is $60.33 and its 200 day simple moving average is $68.89. The Estée Lauder Companies Inc. has a one year low of $48.37 and a one year high of $125.90. The stock has a market capitalization of $24.07 billion, a PE ratio of -34.32, a PEG ratio of 6.09 and a beta of 1.12. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL) last announced 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. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue was down 9.9% on a year-over-year basis. As a group, research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is presently -57.85%.

Analyst Ratings Changes

Several research firms have recently weighed in on EL. Citigroup reduced their price target on Estée Lauder Companies from $77.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Canaccord Genuity Group reduced their price target on Estée Lauder Companies from $70.00 to $62.00 and set a “hold” rating on the stock in a report on Tuesday, April 29th. UBS Group boosted their price target on Estée Lauder Companies from $60.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Stifel Nicolaus reduced their price target on Estée Lauder Companies from $77.00 to $67.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, Royal Bank of Canada reduced their price target on Estée Lauder Companies from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eighteen have issued 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 price target of $75.15.

Estée Lauder Companies 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.