The Estée Lauder Companies Inc. (NYSE:EL) Shares Purchased by Mercer Global Advisors Inc. ADV

Posted by on May 15th, 2023

Mercer Global Advisors Inc. ADV grew its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 50.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,670 shares of the company’s stock after acquiring an additional 4,255 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Estée Lauder Companies were worth $3,144,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. increased its holdings in Estée Lauder Companies by 52.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 116 shares of the company’s stock worth $29,000 after buying an additional 40 shares during the period. Align Wealth Management LLC purchased a new stake in Estée Lauder Companies in the 4th quarter worth approximately $35,000. Mizuho Securities Co. Ltd. boosted its position in Estée Lauder Companies by 614.3% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 150 shares of the company’s stock worth $37,000 after purchasing an additional 129 shares in the last quarter. Endurance Wealth Management Inc. purchased a new stake in Estée Lauder Companies in the 4th quarter worth approximately $40,000. Finally, Exchange Traded Concepts LLC boosted its position in Estée Lauder Companies by 496.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 167 shares of the company’s stock worth $41,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 55.74% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $199.15 on Monday. The business has a 50-day moving average of $237.90 and a 200 day moving average of $241.48. The Estée Lauder Companies Inc. has a 12 month low of $186.47 and a 12 month high of $284.45. The stock has a market capitalization of $71.14 billion, a price-to-earnings ratio of 66.16, a price-to-earnings-growth ratio of 6.62 and a beta of 1.01. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.46 and a quick ratio of 1.06.

Estée Lauder Companies (NYSE:EL – Get Rating) last announced its earnings results on Wednesday, May 3rd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). Estée Lauder Companies had a net margin of 6.88% and a return on equity of 23.99%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same quarter last year, the business earned $1.90 earnings per share. The business’s revenue was down 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Estée Lauder Companies Inc. will post 3.35 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Tuesday, May 30th. Estée Lauder Companies’s payout ratio is presently 87.71%.

Wall Street Analyst Weigh In

Several research firms have commented on EL. Royal Bank of Canada lowered their price objective on Estée Lauder Companies from $290.00 to $265.00 in a research report on Thursday, May 4th. DA Davidson restated a “buy” rating and issued a $308.00 price objective on shares of Estée Lauder Companies in a research report on Tuesday, February 14th. Wells Fargo & Company lowered their price objective on Estée Lauder Companies from $290.00 to $225.00 in a research report on Thursday, May 4th. Raymond James lowered their price objective on Estée Lauder Companies from $315.00 to $240.00 in a research report on Thursday, May 4th. Finally, StockNews.com began coverage on Estée Lauder Companies in a research report on Thursday, March 16th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $264.21.

Estée Lauder Companies Company Profile

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The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.

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

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