Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295,990 shares of the company’s stock after acquiring an additional 22,426 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Estee Lauder Companies worth $31,196,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in EL. Victory Capital Management Inc. lifted its stake in shares of Estee Lauder Companies by 3,181.4% during the third quarter. Victory Capital Management Inc. now owns 2,312,535 shares of the company’s stock valued at $203,781,000 after acquiring an additional 2,242,062 shares during the period. Wellington Management Group LLP lifted its stake in Estee Lauder Companies by 3,986.4% in the third quarter. Wellington Management Group LLP now owns 2,082,217 shares of the company’s stock valued at $183,485,000 after buying an additional 2,031,262 shares during the period. Bank of New York Mellon Corp lifted its stake in Estee Lauder Companies by 46.4% in the third quarter. Bank of New York Mellon Corp now owns 6,112,501 shares of the company’s stock valued at $538,634,000 after buying an additional 1,937,107 shares during the period. Franklin Resources Inc. lifted its stake in Estee Lauder Companies by 1,193.8% in the third quarter. Franklin Resources Inc. now owns 1,521,399 shares of the company’s stock valued at $134,066,000 after buying an additional 1,403,807 shares during the period. Finally, KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new position in Estee Lauder Companies in the third quarter valued at about $72,567,000. Institutional investors and hedge funds own 55.15% of the company’s stock.
Estee Lauder Companies Trading Down 0.3%
NYSE EL opened at $76.41 on Friday. The firm has a market cap of $27.64 billion, a P/E ratio of -152.82, a P/E/G ratio of 0.89 and a beta of 1.26. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.36 and a quick ratio of 1.00. The stock’s 50-day moving average is $87.03 and its 200-day moving average is $96.95. The Estee Lauder Companies Inc. has a one year low of $56.18 and a one year high of $121.64.
Estee Lauder Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, February 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.8%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently -280.00%.
Analysts Set New Price Targets
Several equities analysts have weighed in on EL shares. Citigroup cut their target price on Estee Lauder Companies from $120.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Wells Fargo & Company cut their target price on Estee Lauder Companies from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. UBS Group cut their target price on Estee Lauder Companies from $107.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Wall Street Zen lowered Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, JPMorgan Chase & Co. cut their target price on Estee Lauder Companies from $121.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Estee Lauder Companies presently has a consensus rating of “Hold” and an average target price of $97.95.
View Our Latest Stock Analysis on EL
About Estee Lauder Companies
Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.
The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.
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