Vanguard Group Inc. lifted its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 0.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,909,123 shares of the company’s stock after purchasing an additional 4,682 shares during the quarter. Vanguard Group Inc. owned about 7.48% of Estee Lauder Companies worth $2,371,232,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in EL. Quent Capital LLC acquired a new position in Estee Lauder Companies during the third quarter worth about $33,000. Hantz Financial Services Inc. increased its stake in Estee Lauder Companies by 80.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 372 shares of the company’s stock valued at $33,000 after purchasing an additional 166 shares in the last quarter. Asset Dedication LLC raised its holdings in Estee Lauder Companies by 258.7% during the second quarter. Asset Dedication LLC now owns 391 shares of the company’s stock worth $32,000 after purchasing an additional 282 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Estee Lauder Companies by 69.5% during the second quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Estee Lauder Companies in the second quarter valued at $42,000. Institutional investors and hedge funds own 55.15% of the company’s stock.
Estee Lauder Companies Stock Performance
Estee Lauder Companies stock opened at $111.90 on Friday. The stock has a fifty day moving average price of $109.98 and a 200 day moving average price of $98.42. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $121.64. The firm has a market capitalization of $40.48 billion, a P/E ratio of -223.80, a PEG ratio of 1.25 and a beta of 1.14. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82.
Estee Lauder Companies Dividend Announcement
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 paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.40 annualized dividend and a dividend yield of 1.3%. Estee Lauder Companies’s payout ratio is currently -280.00%.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Barclays decreased their price objective on shares of Estee Lauder Companies from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Monday, February 9th. Canaccord Genuity Group increased their price target on shares of Estee Lauder Companies from $85.00 to $100.00 and gave the company a “hold” rating in a research report on Monday, October 27th. Jefferies Financial Group assumed coverage on Estee Lauder Companies in a research report on Wednesday, January 14th. They set a “hold” rating and a $110.00 price objective for the company. Telsey Advisory Group reissued a “market perform” rating and set a $105.00 price target on shares of Estee Lauder Companies in a research report on Thursday, February 5th. Finally, Wells Fargo & Company decreased their price objective on Estee Lauder Companies from $111.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $103.36.
Check Out Our Latest Stock Report on Estee Lauder Companies
Estee Lauder Companies Profile
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.
Featured Stories
- Five stocks we like better than Estee Lauder Companies
- 3 Signs You May Want to Switch Financial Advisors
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- From Quiet Compounder to 2026 Breakout? BSEM
- Unlocked: Elon Musk’s Next Big IPO
Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.
