River Global Investors LLP Acquires 1,890 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

River Global Investors LLP raised its position in The Estée Lauder Companies Inc. (NYSE:EL) by 56.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,230 shares of the company’s stock after buying an additional 1,890 shares during the quarter. River Global Investors LLP’s holdings in Estée Lauder Companies were worth $765,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Rakuten Securities Inc. bought a new position in Estée Lauder Companies during the fourth quarter worth $26,000. Sunbelt Securities Inc. lifted its holdings in shares of Estée Lauder Companies by 82.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after purchasing an additional 125 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Estée Lauder Companies by 1,900.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares during the period. Headinvest LLC bought a new stake in Estée Lauder Companies during the 3rd quarter valued at $55,000. Finally, CVA Family Office LLC bought a new position in shares of Estée Lauder Companies in the fourth quarter valued at $61,000. 55.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EL has been the topic of several recent research reports. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Wells Fargo & Company increased their target price on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Canaccord Genuity Group dropped their price objective on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating on the stock in a report on Thursday. Morgan Stanley lowered shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $164.00 to $140.00 in a report on Friday. Finally, The Goldman Sachs Group began coverage on shares of Estée Lauder Companies in a research report on Friday, March 1st. They set a “neutral” rating and a $145.00 target price for the company. Seventeen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and an average target price of $160.92.

Estée Lauder Companies Price Performance

EL traded down $2.82 during trading on Monday, hitting $130.12. The company’s stock had a trading volume of 2,112,044 shares, compared to its average volume of 2,789,654. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The business’s fifty day simple moving average is $145.88 and its 200 day simple moving average is $138.15. The firm has a market capitalization of $46.64 billion, a price-to-earnings ratio of 74.69, a P/E/G ratio of 3.50 and a beta of 1.07. The Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $209.64.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. Estée Lauder Companies’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 2.22 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.66 dividend. The ex-dividend date is Thursday, May 30th. This represents a $2.64 annualized dividend and a dividend yield of 2.03%. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.

About Estée 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.