VCI Wealth Management LLC grew its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 14.3% in the second quarter, HoldingsChannel.com reports. The firm owned 9,760 shares of the company’s stock after purchasing an additional 1,222 shares during the period. VCI Wealth Management LLC’s holdings in Estee Lauder Companies were worth $789,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EL. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Estee Lauder Companies by 1,182.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock worth $33,000 after purchasing an additional 461 shares in the last quarter. Winthrop Capital Management LLC grew its holdings in shares of Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock valued at $39,000 after acquiring an additional 560 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of Estee Lauder Companies by 246.4% in the second quarter. TD Private Client Wealth LLC now owns 478 shares of the company’s stock valued at $39,000 after acquiring an additional 340 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock valued at $41,000 after acquiring an additional 228 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Estee Lauder Companies in the second quarter valued at approximately $44,000. 55.15% of the stock is owned by institutional investors.
Estee Lauder Companies Price Performance
Estee Lauder Companies stock opened at $102.57 on Tuesday. The Estee Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $104.53. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89. The business’s 50 day simple moving average is $90.16 and its 200 day simple moving average is $78.50. The company has a market cap of $36.91 billion, a price-to-earnings ratio of -32.67, a PEG ratio of 2.87 and a beta of 1.16.
Estee Lauder Companies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Estee Lauder Companies’s dividend payout ratio is currently -44.59%.
Insider Buying and Selling at Estee Lauder Companies
In other Estee Lauder Companies news, Director Lynn Forester sold 3,702 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $91.65, for a total transaction of $339,288.30. Following the sale, the director owned 15,479 shares in the company, valued at $1,418,650.35. This represents a 19.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Lande Rashida La sold 6,417 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The disclosure for this sale can be found here. Corporate insiders own 13.05% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Estee Lauder Companies from $99.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, October 10th. UBS Group upped their target price on Estee Lauder Companies from $62.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Royal Bank Of Canada upped their target price on Estee Lauder Companies from $90.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. The Goldman Sachs Group raised Estee Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $76.00 to $115.00 in a report on Monday, October 13th. Finally, Canaccord Genuity Group upped their price objective on Estee Lauder Companies from $62.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $91.30.
Check Out Our Latest Stock Report on Estee Lauder Companies
About Estee Lauder Companies
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.
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