Livforsakringsbolaget Skandia Omsesidigt Increases Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 100.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 510 shares of the company’s stock after purchasing an additional 256 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Estée Lauder Companies were worth $75,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Money Concepts Capital Corp raised its position in shares of Estée Lauder Companies by 32.3% in the fourth quarter. Money Concepts Capital Corp now owns 209 shares of the company’s stock valued at $52,000 after buying an additional 51 shares during the last quarter. Fiduciary Trust Co. raised its position in shares of Estée Lauder Companies by 0.7% in the first quarter. Fiduciary Trust Co. now owns 7,068 shares of the company’s stock valued at $1,742,000 after buying an additional 52 shares during the last quarter. Moreno Evelyn V raised its position in shares of Estée Lauder Companies by 0.5% in the third quarter. Moreno Evelyn V now owns 16,492 shares of the company’s stock valued at $2,384,000 after buying an additional 75 shares during the last quarter. Magnolia Capital Advisors LLC raised its position in shares of Estée Lauder Companies by 2.6% in the fourth quarter. Magnolia Capital Advisors LLC now owns 3,019 shares of the company’s stock valued at $749,000 after buying an additional 76 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its position in shares of Estée Lauder Companies by 1.3% in the first quarter. Wetherby Asset Management Inc. now owns 5,805 shares of the company’s stock valued at $1,431,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $144.39 on Friday. The company has a market capitalization of $51.76 billion, a PE ratio of 111.07, a price-to-earnings-growth ratio of 3.77 and a beta of 1.07. The firm has a fifty day simple moving average of $146.58 and a 200-day simple moving average of $138.08. 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 Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $260.46.

Estée Lauder Companies (NYSE:EL) last announced its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.33. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 earnings per share. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 dividend on an annualized basis and a yield of 1.83%. Estée Lauder Companies’s dividend payout ratio (DPR) is 203.08%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EL shares. Raymond James boosted their price objective on shares of Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 6th. Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $160.00 to $175.00 in a research report on Tuesday, April 2nd. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. Royal Bank of Canada upped their price target on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 6th. Finally, Bank of America raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $160.00 to $170.00 in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $168.00.

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.