Prudential PLC increased its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL – Free Report) by 95.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,255 shares of the company’s stock after buying an additional 13,323 shares during the quarter. Prudential PLC’s holdings in Estee Lauder Companies were worth $2,202,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EL. TD Private Client Wealth LLC lifted its holdings 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 during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in Estee Lauder Companies by 1,182.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company’s stock worth $33,000 after purchasing an additional 461 shares during the last quarter. Golden State Wealth Management LLC raised its stake 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 during the period. Ameritas Advisory Services LLC acquired a new position in shares of Estee Lauder Companies in the 2nd quarter valued at $44,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Estee Lauder Companies during the 2nd quarter valued at $63,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.
Insiders Place Their Bets
In related news, VP Meridith Webster sold 5,430 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $87.84, for a total value of $476,971.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barry S. Sternlicht sold 3,972 shares of Estee Lauder Companies stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $91.83, for a total value of $364,748.76. Following the sale, the director owned 34,812 shares in the company, valued at $3,196,785.96. This represents a 10.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,521 shares of company stock valued at $1,770,602 in the last three months. 13.05% of the stock is owned by insiders.
Estee Lauder Companies Stock Up 3.8%
Estee Lauder Companies (NYSE:EL – Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.17. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.38 billion. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. As a group, analysts forecast that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.
Estee Lauder Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, November 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently -54.26%.
Analysts Set New Price Targets
Several research analysts recently weighed in on EL shares. Wall Street Zen lowered Estee Lauder Companies from a “buy” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $115.00 in a report on Monday, October 13th. Citigroup increased their target price on shares of Estee Lauder Companies from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Wells Fargo & Company raised their price target on shares of Estee Lauder Companies from $90.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Finally, Argus upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.65.
Read Our Latest Analysis on Estee Lauder Companies
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.
Read More
- Five stocks we like better than Estee Lauder Companies
- Investing In Automotive Stocks
- MP Materials Stock Soared After Earnings—Here’s the Real Reason
- What is the Australian Securities Exchange (ASX)
- Why Palantir Slide May Be a Setup for a Long-Term Opportunity
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- Attention Income Investors: This REIT Is on Sale
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.
