Bank of New York Mellon Corp Sells 704,023 Shares of The Estee Lauder Companies Inc. $EL

Bank of New York Mellon Corp decreased its position in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 9.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,793,156 shares of the company’s stock after selling 704,023 shares during the period. Bank of New York Mellon Corp’s holdings in Estee Lauder Companies were worth $487,545,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Covenant Asset Management LLC bought a new position in shares of Estee Lauder Companies in the 4th quarter valued at $3,634,000. Aberdeen Group plc raised its stake in Estee Lauder Companies by 13.4% during the fourth quarter. Aberdeen Group plc now owns 201,255 shares of the company’s stock worth $21,075,000 after buying an additional 23,717 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Estee Lauder Companies during the 4th quarter worth approximately $14,619,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Estee Lauder Companies in the 4th quarter valued at about $19,438,000. Finally, WT Asset Management Ltd raised its holdings in Estee Lauder Companies by 60.6% during the fourth quarter. WT Asset Management Ltd now owns 53,000 shares of the company’s stock worth $5,550,000 after buying an additional 20,000 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Stock Up 0.8%

Estee Lauder Companies stock opened at $82.98 on Friday. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64. The stock has a fifty day moving average of $83.83 and a 200 day moving average of $91.26. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.94 and a current ratio of 1.27. The stock has a market cap of $30.02 billion, a PE ratio of -118.55, a price-to-earnings-growth ratio of 0.64 and a beta of 1.27.

Estee Lauder Companies (NYSE:EL) last announced its earnings results on Friday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.25. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Estee Lauder Companies had a positive return on equity of 20.66% and a negative net margin of 1.67%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 2.330-2.430 EPS. As a group, sell-side analysts predict that The Estee Lauder Companies Inc. will post 2.41 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, May 29th. Estee Lauder Companies’s dividend payout ratio is presently -200.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EL. UBS Group lifted their target price on Estee Lauder Companies from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday. Citigroup lifted their price objective on shares of Estee Lauder Companies from $92.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wells Fargo & Company raised their price target on Estee Lauder Companies from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Barclays boosted their target price on Estee Lauder Companies from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Piper Sandler assumed coverage on shares of Estee Lauder Companies in a report on Friday, May 15th. They issued an “overweight” rating and a $95.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $99.16.

Estee Lauder Companies Company 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.