Wendell David Associates Inc. boosted its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,039 shares of the company’s stock after buying an additional 702 shares during the period. Wendell David Associates Inc.’s holdings in Estee Lauder Companies were worth $3,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Estee Lauder Companies by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 16,758,108 shares of the company’s stock worth $2,435,289,000 after acquiring an additional 117,152 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Estee Lauder Companies by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 16,758,108 shares of the company’s stock worth $2,435,289,000 after acquiring an additional 117,152 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Estee Lauder Companies by 112.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,032,887 shares of the company’s stock worth $1,022,019,000 after acquiring an additional 3,716,962 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Estee Lauder Companies by 6,015.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after acquiring an additional 6,784,090 shares in the last quarter. Finally, Fundsmith LLP boosted its stake in shares of Estee Lauder Companies by 6.7% during the 4th quarter. Fundsmith LLP now owns 6,275,561 shares of the company’s stock worth $911,965,000 after acquiring an additional 394,564 shares in the last quarter. 53.74% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Friday, January 18th. ValuEngine downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Berenberg Bank downgraded Estee Lauder Companies from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research note on Wednesday, February 6th. Oppenheimer increased their target price on Estee Lauder Companies from $164.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Citigroup increased their target price on Estee Lauder Companies from $179.00 to $188.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $161.09.

Shares of EL traded up $1.51 during mid-day trading on Thursday, reaching $168.03. The company had a trading volume of 40,473 shares, compared to its average volume of 1,111,180. Estee Lauder Companies Inc has a twelve month low of $121.47 and a twelve month high of $166.92. The company has a current ratio of 1.71, a quick ratio of 1.27 and a debt-to-equity ratio of 0.78. The stock has a market cap of $59.18 billion, a PE ratio of 37.25, a PEG ratio of 2.51 and a beta of 0.72.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Tuesday, February 5th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.20. Estee Lauder Companies had a return on equity of 40.38% and a net margin of 11.49%. The business had revenue of $4.01 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the prior year, the firm posted $1.52 EPS. Estee Lauder Companies’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that Estee Lauder Companies Inc will post 5.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, February 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.02%. Estee Lauder Companies’s dividend payout ratio is 38.14%.

In other Estee Lauder Companies news, Chairman William P. Lauder sold 12,418 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $156.45, for a total value of $1,942,796.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Sara E. Moss sold 22,788 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $150.10, for a total value of $3,420,478.80. Following the completion of the transaction, the vice president now owns 6,697 shares in the company, valued at $1,005,219.70. The disclosure for this sale can be found here. Insiders have sold a total of 574,507 shares of company stock valued at $89,174,250 over the last ninety days. Insiders own 16.13% of the company’s stock.

WARNING: This piece was posted by Watch List News and is the property of of Watch List News. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/estee-lauder-companies-inc-el-position-lifted-by-wendell-david-associates-inc/2955637.html.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

See Also: Diluted Earnings Per Share

Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.