Ilmarinen Mutual Pension Insurance Co increased its position in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 25.0% during the 4th quarter, Holdings Channel reports. The firm owned 37,500 shares of the company’s stock after acquiring an additional 7,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Estee Lauder Companies were worth $3,927,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of EL. M&T Bank Corp grew its stake in Estee Lauder Companies by 16,270.3% in the fourth quarter. M&T Bank Corp now owns 2,667,208 shares of the company’s stock worth $279,310,000 after purchasing an additional 2,650,915 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Estee Lauder Companies by 3,181.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,312,535 shares of the company’s stock worth $203,781,000 after acquiring an additional 2,242,062 shares in the last quarter. Wellington Management Group LLP grew its holdings in Estee Lauder Companies by 3,986.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,082,217 shares of the company’s stock worth $183,485,000 after acquiring an additional 2,031,262 shares in the last quarter. Franklin Resources Inc. grew its holdings in Estee Lauder Companies by 1,193.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,521,399 shares of the company’s stock worth $134,066,000 after acquiring an additional 1,403,807 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Estee Lauder Companies by 3.9% during the 4th quarter. Vanguard Group Inc. now owns 27,952,869 shares of the company’s stock worth $2,927,224,000 after acquiring an additional 1,043,746 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Stock Down 2.0%
NYSE:EL opened at $89.10 on Friday. The Estee Lauder Companies Inc. has a fifty-two week low of $64.83 and a fifty-two week high of $121.64. The stock has a market capitalization of $32.23 billion, a P/E ratio of -127.28, a P/E/G ratio of 0.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The company’s 50-day simple moving average is $78.12 and its 200-day simple moving average is $94.82.
Estee Lauder Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. Estee Lauder Companies’s dividend payout ratio (DPR) is presently -200.00%.
Analysts Set New Price Targets
Several research analysts have issued reports on EL shares. JPMorgan Chase & Co. increased their target price on shares of Estee Lauder Companies from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Citigroup increased their target price on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Piper Sandler began coverage on Estee Lauder Companies in a research report on Friday, May 15th. They set an “overweight” rating and a $95.00 target price on the stock. Wells Fargo & Company increased their target price on Estee Lauder Companies from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, Zacks Research raised Estee Lauder Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Estee Lauder Companies presently has an average rating of “Moderate Buy” and a consensus target price of $101.63.
Read Our Latest Stock Report on EL
Estee Lauder Companies Company Profile
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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