True Vision MN LLC acquired a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 6,830 shares of the company’s stock, valued at approximately $552,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. TD Private Client Wealth LLC boosted its position in shares of Estee Lauder Companies by 246.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 478 shares of the company’s stock worth $39,000 after acquiring an additional 340 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Estee Lauder Companies by 1,182.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock worth $33,000 after acquiring an additional 461 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Estee Lauder Companies during the 2nd quarter worth about $44,000. Winthrop Capital Management LLC boosted its position in shares of Estee Lauder Companies by 2,240.0% during the 1st quarter. Winthrop Capital Management LLC now owns 585 shares of the company’s stock worth $39,000 after acquiring an additional 560 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock worth $41,000 after acquiring an additional 228 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.
Estee Lauder Companies Stock Up 0.7%
Estee Lauder Companies stock opened at $88.67 on Tuesday. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $97.44. The stock has a 50 day moving average of $89.39 and a two-hundred day moving average of $76.35. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $31.91 billion, a price-to-earnings ratio of -28.24, a PEG ratio of 2.52 and a beta of 1.16.
Estee Lauder Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Estee Lauder Companies’s dividend payout ratio (DPR) is presently -44.59%.
Analysts Set New Price Targets
Several research firms have recently issued reports on EL. Deutsche Bank Aktiengesellschaft upped their price objective on Estee Lauder Companies from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. lowered their price objective on Estee Lauder Companies from $101.00 to $99.00 and set an “overweight” rating for the company in a research report on Thursday, August 21st. Wells Fargo & Company upped their target price on Estee Lauder Companies from $60.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Wall Street Zen cut Estee Lauder Companies from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Finally, Canaccord Genuity Group upped their target price on Estee Lauder Companies from $62.00 to $85.00 and gave the company a “hold” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.55.
Read Our Latest Stock Analysis on Estee Lauder Companies
Insider Buying and Selling
In other Estee Lauder Companies news, Director Lynn Forester sold 3,702 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $91.65, for a total transaction of $339,288.30. Following the completion of the sale, the director directly owned 15,479 shares of the company’s stock, valued at approximately $1,418,650.35. This trade represents a 19.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lande Rashida La sold 6,417 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total value of $589,593.96. The disclosure for this sale can be found here. 13.05% of the stock is currently owned by company insiders.
Estee Lauder Companies Company 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, and powders, as well as compacts, brushes, and other makeup tools.
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