Bartlett & Co. LLC Raises Position in Estee Lauder Companies Inc (NYSE:EL)
Bartlett & Co. LLC increased its holdings in Estee Lauder Companies Inc (NYSE:EL) by 10,345.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,149 shares of the company’s stock after buying an additional 1,138 shares during the period. Bartlett & Co. LLC’s holdings in Estee Lauder Companies were worth $229,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Next Capital Management LLC purchased a new stake in shares of Estee Lauder Companies in the second quarter worth $25,000. Massey Quick Simon & CO. LLC increased its stake in Estee Lauder Companies by 387.9% in the second quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock valued at $29,000 after acquiring an additional 128 shares during the last quarter. Acima Private Wealth LLC increased its stake in Estee Lauder Companies by 185.2% in the third quarter. Acima Private Wealth LLC now owns 154 shares of the company’s stock valued at $30,000 after acquiring an additional 100 shares during the last quarter. KCS Wealth Advisory bought a new position in Estee Lauder Companies in the third quarter valued at $31,000. Finally, NuWave Investment Management LLC bought a new position in Estee Lauder Companies in the second quarter valued at $33,000. Institutional investors own 54.90% of the company’s stock.
NYSE EL opened at $187.27 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.53 and a quick ratio of 1.08. The stock has a market capitalization of $66.38 billion, a PE ratio of 35.07, a PEG ratio of 2.44 and a beta of 0.76. Estee Lauder Companies Inc has a 1 year low of $121.47 and a 1 year high of $207.50. The business’s 50-day moving average is $190.85 and its 200 day moving average is $184.20.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, November 27th. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 1.03%. Estee Lauder Companies’s dividend payout ratio (DPR) is 32.21%.
In other Estee Lauder Companies news, EVP Gregory Polcer sold 2,997 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $185.43, for a total value of $555,733.71. Following the completion of the sale, the executive vice president now directly owns 85,723 shares in the company, valued at $15,895,615.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Fabrizio Freda sold 16,479 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $184.08, for a total transaction of $3,033,454.32. Following the completion of the sale, the chief executive officer now owns 83,348 shares of the company’s stock, valued at $15,342,699.84. The disclosure for this sale can be found here. Insiders sold 2,214,755 shares of company stock valued at $434,929,789 over the last 90 days. 14.68% of the stock is currently owned by company insiders.
A number of research analysts recently commented on the company. Wells Fargo & Co increased their target price on Estee Lauder Companies from $175.00 to $190.00 and gave the company a “market perform” rating in a research note on Monday, August 19th. Credit Suisse Group increased their target price on Estee Lauder Companies from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Raymond James reissued an “outperform” rating and issued a $202.00 target price (down previously from $216.00) on shares of Estee Lauder Companies in a research note on Friday, November 1st. They noted that the move was a valuation call. Royal Bank of Canada increased their target price on Estee Lauder Companies to $200.00 in a research note on Tuesday, August 20th. Finally, Morgan Stanley reissued a “buy” rating on shares of Estee Lauder Companies in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Estee Lauder Companies has a consensus rating of “Buy” and an average price target of $194.96.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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