[ad_1]
Motco raised its holdings in The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 41,168.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,237 shares of the The company’s stock after purchasing an additional 27,171 shares during the period. Motco’s holdings in Estée Lauder Companies were worth $5,880,000 at the end of the most recent reporting period.
→ BREAKING: Tiny biotech successfully treats blindness (From Behind the Markets)
Other large investors have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of Estée Lauder Companies in the second quarter worth about $25,000. Vigilant Capital Management LLC increased its stake in shares of Estée8. in the third quarter. Vigilant Capital Management LLC now owns 114 shares of the company’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. CoreCap Advisors LLC purchased a new position in shares of Estée Lauder Companies in the outer quorth3, . BDO Wealth Advisors LLC increased its stake in shares of Estée Lauder Companies by 450.0% in the second quarter. BDO Wealth Advisors LLC now owns 132 shares of the company’s stock worth $34,000 after purchasing an additional 108 shares in the J last Wealth Management LLC increased its stake in shares of Estée Lauder Companies by 261.5% in the second quarter. Janiczek Wealth Management LLC now owns 141 shares of the company’s stock worth $39,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 55.74% of the company’s stock.
Estée Lauder Companies Trading Up 0.7 %
NYSE:EL opened at $261.21 on Friday. The company has a fifty day moving average of $242.22 and a 200 day moving average of $241.56. The Estée Lauder Companies Inc. has a 52 week low of $186.47 and a 52 week high of $324.70. The The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $93.20 billion, a P/E ratio of 43.32, a P/E/G ratio of 5.22 and a beta of 0.95.
Estée Lauder Companies (NYSE:EL – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Estée Lauder Companies had a margin of a net 12.66% and a return on equity of 41.46%. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.92 billion. On average, research analysts predict that The Estée Lauder Companies Inc. will post 5.35 earnings per share the current year.
Estée Lauder Companies Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were issued a dividend of $0.66 per share. This is a positive change from Estée Lauder Companies’s previous quarter of 0dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Tuesday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 44.07%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on EL. Morgan Stanley lifted their target price on shares of Estée Lauder Companies from $271.00 to $281.00 and gave the stock an “overweight” rating in a research note on Tuesday. Telsey Advisory Group reduced their price objective shares of Estée Lauder Companies from $377.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, November 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Estée Lauder Companies from $274.00 to $285.00 and gave the company an “overweight” rating in a research note on Friday, January 13th. Credit Suisse Group reduced their price objective on shares of Estée Lauder Companies from $260.00 to $215.00 and set an “outperform” rating for the company in a research note on Thursday , November 3rd. Finally, Royal Bank of Canada reduced their price objective on shares of Estée Lauder Companies from $313.00 to $287.00 and set an “outperform” rating for the compa ny in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.17.
Estée Lauder Companies Company Profile
(Get Rating)
The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or out comments about this story contact@marketbeat.com.
Before you consider Estée Lauder Companies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before market the broader on… and Estée Lauder Companies wasn’t on the list.
While Estée Lauder Companies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
[ad_2]
Source link