Sequoia Financial Advisors LLC Has $366,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Sequoia Financial Advisors LLC lifted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 70.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,502 shares of the company’s stock after buying an additional 1,030 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Estée Lauder Companies were worth $366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Keybank National Association OH boosted its holdings in Estée Lauder Companies by 11.3% during the third quarter. Keybank National Association OH now owns 4,507 shares of the company’s stock worth $651,000 after buying an additional 458 shares during the last quarter. ICICI Prudential Asset Management Co Ltd boosted its stake in Estée Lauder Companies by 221.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 62,780 shares of the company’s stock worth $9,075,000 after acquiring an additional 43,280 shares during the last quarter. Nordea Investment Management AB boosted its stake in Estée Lauder Companies by 37.1% during the 3rd quarter. Nordea Investment Management AB now owns 1,411,163 shares of the company’s stock worth $205,776,000 after acquiring an additional 381,860 shares during the last quarter. GAM Holding AG grew its holdings in Estée Lauder Companies by 11.2% during the fourth quarter. GAM Holding AG now owns 126,382 shares of the company’s stock valued at $18,483,000 after purchasing an additional 12,717 shares during the period. Finally, S.E.E.D. Planning Group LLC increased its stake in Estée Lauder Companies by 52.8% in the third quarter. S.E.E.D. Planning Group LLC now owns 50,122 shares of the company’s stock valued at $7,245,000 after purchasing an additional 17,319 shares in the last quarter. 55.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EL. JPMorgan Chase & Co. boosted their price target on shares of Estée Lauder Companies from $150.00 to $167.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. StockNews.com downgraded Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Deutsche Bank Aktiengesellschaft cut Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 price objective on the stock. in a report on Tuesday, January 2nd. Bank of America raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $160.00 to $170.00 in a research note on Thursday, March 28th. Finally, Barclays lifted their price target on shares of Estée Lauder Companies from $141.00 to $146.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $168.00.

Estée Lauder Companies Stock Performance

Shares of NYSE EL opened at $144.81 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $51.91 billion, a P/E ratio of 111.39, a P/E/G ratio of 3.57 and a beta of 1.07. The Estée Lauder Companies Inc. has a 12 month low of $102.22 and a 12 month high of $260.46. The stock has a 50 day moving average of $146.56 and a 200-day moving average of $138.07.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Monday, February 5th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. The firm had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.19 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 earnings per share. As a group, equities research analysts predict that The Estée Lauder Companies Inc. will post 2.23 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio is presently 203.08%.

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