Perigon Wealth Management LLC Has $387,000 Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Posted by Defense World Staff on Jul 31st, 2023

Perigon Wealth Management LLC grew its holdings in The Estée Lauder Companies Inc. (NYSE:EL – Free Report) by 23.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,571 shares of the company’s stock after purchasing an additional 294 shares during the quarter. Perigon Wealth Management LLC’s holdings in Estée Lauder Companies were worth $387,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in EL. Heritage Wealth Management LLC lifted its holdings in Estée Lauder Companies by 100.0% during the 4th quarter. Heritage Wealth Management LLC now owns 104 shares of the company’s stock worth $26,000 after buying an additional 52 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Estée Lauder Companies in the fourth quarter valued at about $27,000. North Star Investment Management Corp. increased its position in Estée Lauder Companies by 1,275.0% in the first quarter. North Star Investment Management Corp. now owns 110 shares of the company’s stock worth $27,000 after purchasing an additional 102 shares during the period. Mizuho Securities Co. Ltd. raised its holdings in Estée Lauder Companies by 614.3% during 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 during the last quarter. Finally, Elequin Securities LLC acquired a new position in Estée Lauder Companies during the 4th quarter valued at about $37,000. Institutional investors own 57.81% of the company’s stock.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock opened at $180.44 on Monday. The Estée Lauder Companies Inc. has a 12 month low of $171.93 and a 12 month high of $284.45. The stock’s 50 day moving average is $189.81 and its 200-day moving average is $225.34. 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 has a market capitalization of $64.49 billion, a price-to-earnings ratio of 59.95, a PEG ratio of 5.31 and a beta of 1.02.

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

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, May 30th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 87.71%.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, insider Hudis Jane Hertzmark sold 9,869 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $199.95, for a total value of $1,973,306.55. Following the sale, the insider now owns 11,406 shares of the company’s stock, valued at approximately $2,280,629.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 12.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EL has been the subject of a number of recent research reports. Piper Sandler downgraded shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $265.00 to $195.00 in a research note on Monday, July 24th. Royal Bank of Canada cut their price target on Estée Lauder Companies from $290.00 to $265.00 in a research note on Thursday, May 4th. Citigroup decreased their price objective on Estée Lauder Companies from $295.00 to $240.00 in a research note on Thursday, May 4th. Oppenheimer lowered Estée Lauder Companies from an “outperform” rating to a “market perform” rating in a research note on Monday, June 5th. Finally, Argus lowered Estée Lauder Companies from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies has a consensus rating of “Moderate Buy” and an average price target of $252.67.

Estée Lauder Companies Profile

(Free Report)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.