Wellington Management Group LLP Has $6.21 Million Stake in The Estee Lauder Companies Inc. $EL

Wellington Management Group LLP reduced its position in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 71.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,594 shares of the company’s stock after selling 196,010 shares during the quarter. Wellington Management Group LLP’s holdings in Estee Lauder Companies were worth $6,205,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Estee Lauder Companies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,898 shares of the company’s stock valued at $1,709,000 after purchasing an additional 1,177 shares during the last quarter. NewEdge Advisors LLC raised its stake in Estee Lauder Companies by 33.4% in the first quarter. NewEdge Advisors LLC now owns 6,992 shares of the company’s stock valued at $462,000 after buying an additional 1,749 shares during the period. Empowered Funds LLC raised its stake in Estee Lauder Companies by 24.1% in the first quarter. Empowered Funds LLC now owns 4,619 shares of the company’s stock valued at $305,000 after buying an additional 898 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Estee Lauder Companies by 23.2% in the second quarter. EverSource Wealth Advisors LLC now owns 997 shares of the company’s stock valued at $81,000 after buying an additional 188 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Estee Lauder Companies by 55.5% in the second quarter. First Trust Advisors LP now owns 13,522 shares of the company’s stock valued at $1,093,000 after buying an additional 4,826 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estee Lauder Companies Stock Performance

NYSE:EL opened at $98.64 on Thursday. The stock has a market cap of $35.69 billion, a P/E ratio of 201.31, a PEG ratio of 1.18 and a beta of 1.28. The stock has a 50 day simple moving average of $89.82 and a 200 day simple moving average of $85.99. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79. The Estee Lauder Companies Inc. has a 1-year low of $66.22 and a 1-year high of $121.64.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.55 billion. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%.The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Research analysts anticipate that The Estee Lauder Companies Inc. will post 3.3 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.35 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.40 annualized dividend and a yield of 1.4%. Estee Lauder Companies’s payout ratio is 285.71%.

Insider Transactions at Estee Lauder Companies

In other Estee Lauder Companies news, VP Rashida La Lande sold 7,766 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $103.32, for a total value of $802,383.12. Following the completion of the sale, the vice president owned 14,357 shares of the company’s stock, valued at $1,483,365.24. The trade was a 35.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 13.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Citigroup boosted their target price on Estee Lauder Companies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Piper Sandler lifted their price objective on shares of Estee Lauder Companies from $95.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Morgan Stanley upped their price objective on shares of Estee Lauder Companies from $90.00 to $102.00 and gave the company an “equal weight” rating in a report on Thursday, August 20th. Canaccord Genuity Group increased their price objective on shares of Estee Lauder Companies from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, August 20th. Finally, TD Cowen raised their target price on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $104.67.

About Estee Lauder Companies

The Estée Lauder Companies Inc is a global beauty company that develops, manufactures and markets prestige skincare, makeup, fragrance and hair-care products. Its portfolio includes Estée Lauder, Clinique, M·A·C, Bobbi Brown Cosmetics, La Mer, Jo Malone London, Aveda, Tom Ford Beauty and The Ordinary, among other brands.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a broad international beauty business. Its products are sold through department and specialty stores, freestanding stores, e-commerce platforms, travel retail locations and other distribution channels.

Estée Lauder Companies serves consumers in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.