Meridian Wealth Management LLC Makes New Investment in The Estee Lauder Companies Inc. $EL

Meridian Wealth Management LLC bought a new stake in The Estee Lauder Companies Inc. (NYSE:EL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,382 shares of the company’s stock, valued at approximately $273,000.

Several other institutional investors also recently modified their holdings of the business. Generali Asset Management SPA SGR lifted its holdings in Estee Lauder Companies by 1.6% in the second quarter. Generali Asset Management SPA SGR now owns 7,361 shares of the company’s stock valued at $595,000 after buying an additional 119 shares during the period. Joel Isaacson & Co. LLC lifted its stake in shares of Estee Lauder Companies by 0.4% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 28,826 shares of the company’s stock valued at $2,329,000 after purchasing an additional 120 shares during the period. LRI Investments LLC boosted its position in shares of Estee Lauder Companies by 2.6% in the 2nd quarter. LRI Investments LLC now owns 5,007 shares of the company’s stock worth $405,000 after purchasing an additional 126 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of Estee Lauder Companies by 2.2% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 5,950 shares of the company’s stock worth $481,000 after purchasing an additional 129 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Estee Lauder Companies by 9.3% during the second quarter. Signaturefd LLC now owns 1,815 shares of the company’s stock worth $147,000 after purchasing an additional 154 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Ratings Changes

EL has been the topic of a number of recent analyst reports. Telsey Advisory Group raised their target price on Estee Lauder Companies from $99.00 to $105.00 and gave the stock a “market perform” rating in a report on Friday, October 31st. Argus raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Tuesday, November 11th. Citigroup boosted their price objective on shares of Estee Lauder Companies from $95.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Evercore ISI lifted their price target on shares of Estee Lauder Companies from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Wall Street Zen upgraded shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $95.65.

Insider Buying and Selling

In other news, VP Lande Rashida La sold 6,417 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $91.88, for a total transaction of $589,593.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $91.83, for a total transaction of $364,748.76. Following the completion of the sale, the director owned 34,812 shares in the company, valued at $3,196,785.96. This trade represents a 10.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 14,091 shares of company stock worth $1,293,631. 13.05% of the stock is owned by corporate insiders.

Estee Lauder Companies Stock Up 2.3%

Estee Lauder Companies stock opened at $88.03 on Wednesday. The company has a 50 day moving average of $91.57 and a 200-day moving average of $84.27. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 1.89. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $104.53. The stock has a market capitalization of $31.72 billion, a PE ratio of -28.03, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.15 by $0.17. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. On average, equities research analysts anticipate that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, November 28th. Estee Lauder Companies’s payout ratio is -54.26%.

About Estee Lauder Companies

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.