The Vanguard Group, Inc. has recently announced that it has increased stake in Estee Lauder Cos., Inc. (NYSE:EL) by 0.53%. After grabbing 17.63 million shares, the institutional investor is now in possession of 92251.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 7.59% having worth around $2.27 billion. Moreover, BlackRock Fund Advisors increased its share by 43806.0 to have a control over 10.3 million shares. And Edgewood Management LLC raised its holdings to 1.02 million shares by acquiring 8.51 million shares or 3.67% of the stake.
Estee Lauder Cos., Inc. (EL) concluded trading on 12/14/23 at a closing price of $146.06, with 4.09 million shares of worth about $597.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.75% during that period and on Thursday the price saw a gain of about 2.12%. Currently the company’s common shares owned by public are about 232.08M shares, out of which, 231.30M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 80 times over the past 12 months. They bought 330,647 shares in 37 of the transactions. In 43 selling transactions, insiders dumped 249,778 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Fundsmith Equity Fund are the top 3 mutual funds which are holding stakes in Estee Lauder Cos., Inc. Vanguard Total Stock Market ETF is currently holding 6.54 million shares of worth totaling $843.34 million. The company recently came buying 31427.0 shares which brought its stake up to 2.82% of the company’s outstanding shares. Vanguard 500 Index Fund bought 28089.0 shares, after which its hold over company’s outstanding shares expand to 2.41%, leaving 5.6 million shares with the mutual fund that have a worth of about $721.76 million. Fundsmith Equity Fund, after selling 4.94 million shares, have now control over 2.13% of the stake in the company. It holds -0.51 million shares of worth $636.14 million.
However, the stock later moved at a day high price of 148.15, or with a gain of 2.12%. Stock saw a price change of 7.52% in past 5 days and over the past one month there was a price change of 18.92%. Year-to-date (YTD), EL shares are showing a performance of -41.13% which decreased to -41.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $102.22 but also hit the highest price of $283.62 during that period. The average intraday trading volume for Estee Lauder Cos., Inc. shares is 2.79 million. The stock is currently trading 13.05% above its 20-day simple moving average (SMA20), while that difference is up 12.74% for SMA50 and it goes to -18.83% lower than SMA200.
The Vanguard Group, Inc. acquired 17.63 million shares of Estee Lauder Cos., Inc. having value of about $2.27 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 92251.0 shares in the company valued at close to $13474181.06, or have control over 0.53% stake in the company. Estee Lauder Cos., Inc. (NYSE: EL) currently have 232.08M outstanding shares and institutions hold larger chunk of about 59.02% of that. Holding of mutual funds in the company is about 40.47% while other institutional holders and individual stake holders have control over 51.00% and 2.27% of the stake respectively.
The stock has a current market capitalization of $52.27B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 96.16, while it has posted earnings per share of $1.52 in the same period. Its PEG reads 5.02 and has Quick Ratio of 0.97 while making debt-to-equity ratio of 1.90. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EL, volatility over the week remained 2.88% while standing at 3.08% over the month.
Analysts are in expectations that Estee Lauder Cos., Inc. (EL) stock would likely to be making an EPS of $0.56 in the current quarter, while forecast for next quarter EPS is $0.82 and it is $4.14 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.49 which is $0.64 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.54 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -33.13% while it is estimated to increase by 79.24% in next year. EPS is likely to grow at an annualized rate of 19.16% for next 5-years, compared to annual growth of -1.12% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DA Davidson on November 29, 2023 offering a Buy rating for the stock and assigned a target price range of between $146 and $163 to it.
