Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 506,182 shares of the company’s stock after purchasing an additional 15,105 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.14% of Estee Lauder Companies worth $44,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in EL. Asset Dedication LLC grew its holdings in Estee Lauder Companies by 258.7% in the 2nd quarter. Asset Dedication LLC now owns 391 shares of the company’s stock valued at $32,000 after buying an additional 282 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Estee Lauder Companies during the 3rd quarter valued at about $33,000. Hantz Financial Services Inc. grew its holdings in shares of Estee Lauder Companies by 80.6% in the third quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $33,000 after purchasing an additional 166 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Estee Lauder Companies by 69.5% in the second quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock valued at $41,000 after purchasing an additional 210 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Estee Lauder Companies during the second quarter worth about $42,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.
Estee Lauder Companies Stock Down 2.3%
Shares of EL opened at $109.33 on Friday. The stock has a market capitalization of $39.55 billion, a PE ratio of -218.65, a P/E/G ratio of 1.22 and a beta of 1.14. The Estee Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $121.64. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.36. The company’s 50-day simple moving average is $110.89 and its 200-day simple moving average is $99.39.
Estee Lauder Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.3%. Estee Lauder Companies’s dividend payout ratio is currently -280.00%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on EL shares. UBS Group upped their price objective on Estee Lauder Companies from $105.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. HSBC lowered Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Estee Lauder Companies from $124.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $105.00 target price on shares of Estee Lauder Companies in a research report on Thursday, February 5th. Finally, Rothschild & Co Redburn lowered shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $83.00 to $70.00 in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.43.
Read Our Latest Report on Estee Lauder Companies
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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