Mercer Global Advisors Inc. ADV Boosts Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Posted by Defense World Staff on May 15th, 2023

Mercer Global Advisors Inc. ADV lifted its holdings in The Estée Lauder Companies Inc. (NYSE:EL – Get Rating) by 50.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,670 shares of the company’s stock after buying 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 institutional investors also recently bought and sold shares of the company. Nixon Peabody Trust Co. raised its stake in shares of Estée Lauder Companies by 65.4% during the fourth quarter. Nixon Peabody Trust Co. now owns 6,196 shares of the company’s stock valued at $1,537,000 after purchasing an additional 2,451 shares during the period. Moreno Evelyn V raised its stake in shares of Estée Lauder Companies by 119.6% during the fourth quarter. Moreno Evelyn V now owns 15,886 shares of the company’s stock valued at $3,941,000 after purchasing an additional 8,651 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Estée Lauder Companies by 2.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 367,021 shares of the company’s stock valued at $91,099,000 after purchasing an additional 7,059 shares during the period. Morse Asset Management Inc raised its stake in shares of Estée Lauder Companies by 70.8% during the fourth quarter. Morse Asset Management Inc now owns 14,846 shares of the company’s stock valued at $3,683,000 after purchasing an additional 6,156 shares during the period. Finally, Gryphon Financial Partners LLC raised its stake in shares of Estée Lauder Companies by 9.6% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,853 shares of the company’s stock valued at $460,000 after purchasing an additional 162 shares during the period. 55.74% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Price Performance

Shares of Estée Lauder Companies stock opened at $199.15 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $237.90 and its two-hundred day moving average price is $241.48. The Estée Lauder Companies Inc. has a 52 week low of $186.47 and a 52 week high of $284.45. The stock has a market cap of $71.14 billion, a PE ratio of 66.16, a price-to-earnings-growth ratio of 6.62 and a beta of 1.01.

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

Estée Lauder Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EL. Argus lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Friday. Piper Sandler raised their price target on shares of Estée Lauder Companies from $300.00 to $305.00 in a research report on Wednesday, April 26th. Telsey Advisory Group raised their price target on shares of Estée Lauder Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Morgan Stanley raised their price target on shares of Estée Lauder Companies from $271.00 to $281.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 17th. Finally, Wells Fargo & Company decreased their price objective on shares of Estée Lauder Companies from $290.00 to $225.00 in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $264.21.

Estée Lauder Companies Profile

(Get Rating)

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.