Edgewood Management LLC Has $439,000 Position in The Estee Lauder Companies Inc. $EL

Edgewood Management LLC lessened its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 66.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 5,434 shares of the company’s stock after selling 10,869 shares during the period. Edgewood Management LLC’s holdings in Estee Lauder Companies were worth $439,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Mackenzie Financial Corp increased its position in Estee Lauder Companies by 78.0% during the 2nd quarter. Mackenzie Financial Corp now owns 40,320 shares of the company’s stock valued at $3,258,000 after purchasing an additional 17,670 shares during the period. Norges Bank acquired a new stake in shares of Estee Lauder Companies during the second quarter worth $189,663,000. Quadrature Capital Ltd acquired a new stake in shares of Estee Lauder Companies during the second quarter worth $3,945,000. Northwestern Mutual Wealth Management Co. raised its stake in Estee Lauder Companies by 5.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,243 shares of the company’s stock worth $262,000 after buying an additional 167 shares during the last quarter. Finally, Groupama Asset Managment raised its stake in Estee Lauder Companies by 86.3% during the second quarter. Groupama Asset Managment now owns 23,830 shares of the company’s stock worth $1,916,000 after buying an additional 11,042 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

Estee Lauder Companies Price Performance

EL opened at $92.90 on Friday. The firm’s fifty day moving average price is $92.19 and its two-hundred day moving average price is $85.63. The company has a market capitalization of $33.48 billion, a price-to-earnings ratio of -29.58, a P/E/G ratio of 1.77 and a beta of 1.19. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.30 and a quick ratio of 0.92. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $104.53.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.17. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.38 billion. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. As a group, analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 28th. Estee Lauder Companies’s payout ratio is -54.26%.

Wall Street Analyst Weigh In

A number of brokerages have commented on EL. The Goldman Sachs Group raised shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $76.00 to $115.00 in a research report on Monday, October 13th. Telsey Advisory Group boosted their price target on Estee Lauder Companies from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Friday, October 31st. Royal Bank Of Canada raised their price objective on shares of Estee Lauder Companies from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Rothschild & Co Redburn lowered shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $83.00 to $70.00 in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Estee Lauder Companies from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $94.43.

Insider Activity

In related news, Director Barry S. Sternlicht sold 3,972 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $91.83, for a total transaction of $364,748.76. Following the completion of the transaction, the director owned 34,812 shares in the company, valued at approximately $3,196,785.96. This represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Meridith Webster sold 5,430 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $87.84, for a total transaction of $476,971.20. Additional details regarding this sale are available in the official SEC disclosure. 13.05% of the stock is currently owned by corporate insiders.

Estee 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.