E Fund Management Co. Ltd. Boosts Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

E Fund Management Co. Ltd. increased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 39.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,822 shares of the company’s stock after acquiring an additional 1,915 shares during the period. E Fund Management Co. Ltd.’s holdings in Estée Lauder Companies were worth $998,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service raised its holdings in shares of Estée Lauder Companies by 2.3% during the fourth quarter. National Pension Service now owns 426,258 shares of the company’s stock valued at $62,340,000 after acquiring an additional 9,550 shares during the last quarter. Bogart Wealth LLC raised its stake in Estée Lauder Companies by 20.3% in the 4th quarter. Bogart Wealth LLC now owns 25,425 shares of the company’s stock valued at $3,718,000 after purchasing an additional 4,289 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Estée Lauder Companies by 0.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company’s stock valued at $2,440,000 after purchasing an additional 76 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in Estée Lauder Companies during the 4th quarter worth $417,000. Finally, Barlow Wealth Partners Inc. purchased a new stake in shares of Estée Lauder Companies during the fourth quarter worth $2,543,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $155.00 price target on shares of Estée Lauder Companies in a research note on Wednesday, May 1st. DA Davidson restated a “buy” rating and set a $191.00 target price on shares of Estée Lauder Companies in a report on Monday, April 22nd. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Finally, StockNews.com raised Estée Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Seventeen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $160.92.

Estée Lauder Companies Trading Up 0.0 %

NYSE:EL traded up $0.04 on Wednesday, reaching $129.53. 2,732,923 shares of the company’s stock were exchanged, compared to its average volume of 2,810,410. The firm has a market capitalization of $46.43 billion, a price-to-earnings ratio of 72.77, a price-to-earnings-growth ratio of 3.50 and a beta of 1.07. The Estée Lauder Companies Inc. has a 52-week low of $102.22 and a 52-week high of $207.44. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26. The business has a fifty day moving average of $145.20 and a 200-day moving average of $138.03.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts expect that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.66 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.64 annualized dividend and a yield of 2.04%. Estée Lauder Companies’s payout ratio is 148.32%.

Estée Lauder Companies Profile

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.