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AKO Capital LLP lowered its holdings in The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,155,524 shares of the company’s stock after selling 143,750 shares during the period. Estée Lauder Companies makes up 4.1% of AKO Capital LLP’s portfolio, making the stock its 10th biggest position. AKO Capital LLP owned about 0.32% of Estée Lauder Companies worth $249,478,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Truvestments Capital LLC acquired a new position in Estée Lauder Companies during the 2nd quarter worth approximately $25,000. Vigilant Capital Management LLC by lifted Compes of its position in Shah 280.0% during 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. GoalVest Advisory LLC purchased a new position in shares of Quer Compete value in the Estée Lauder at $31,000. JW Cole Advisors Inc. acquired a new stake in Estée Lauder Companies during the 1st quarter valued at $31,000. Finally, CoreCap Advisors LLC purchased a new stake in Estée Lauder Companies during the 2nd quarter worth and tu est funds $33,000. own 55.74% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on EL. Canaccord Genuity Group began coverage on shares of Estée Lauder Companies in a research report on Thursday, November 17th. They issued a “hold” rating and a $228.00 price objective for the company. Barclays raised their price target on shares of Estée Lauder Companies from $224.00 to $290.00 and gave the stock an “overweight” rating in a research report on Tuesday. Canaccord Genuity Group assumed coverage on shares of Estée Lauder Companies in a report on Wednesday, November 16th. They issued a “hold” rating and a $228.00 price target on the stock. DA Davidson decreased their price objective on shares of Estée Lauder Companies from $318.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Finally, Piper Sandler boosted their target price on shares of Estée Lauder Companies from $255.00 to $290.00 in a research report on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Moderate Buy” and an average target price of $267.35.
Estée Lauder Companies Stock Performance
Shares of EL opened at $262.25 on Friday. The firm has a fifty day moving average of $236.70 and a 200-day moving average of $241.31. The company has a market cap of $93.57 billion, a price-to-earnings ratio of 43.78, a price-to-earnings-growth ratio of 5.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.11 and a current ratio of 1.68. The Estée Lauder Companies Inc. has a 1 year low of $186.47 and a 1 year high of $346.79.
Estée Lauder Companies (NYSE:EL – Get Rating) last posted its earnings results on Wednesday, November 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Estée Lauder Company a net margin of 12.66% and a return on equity of 41.46%. The firm had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.92 billion. As a group, equities analysts anticipate that The Estée Lauder Companies Inc. will post 5.35 earnings per share for the current year.
Estée Lauder Companies Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were paid a dividend of $0.66 per share. The ex-dividend date was Tuesday, November 29th. annualized dividend and a yield of 1.01%. This is an increase from Estée Lauder Companies’s previous quarterly dividend of $0.60. Estée Lauder Companies’s payout ratio is presently 44.07%.
Estée Lauder Companies Profile
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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.
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