The Estee Lauder Companies Inc. $EL Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in The Estee Lauder Companies Inc. (NYSE:EL) by 46.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,112,501 shares of the company’s stock after buying an additional 1,937,107 shares during the period. Bank of New York Mellon Corp owned approximately 1.70% of Estee Lauder Companies worth $538,634,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Asset Dedication LLC lifted its holdings in Estee Lauder Companies by 258.7% in the 2nd quarter. Asset Dedication LLC now owns 391 shares of the company’s stock valued at $32,000 after acquiring an additional 282 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Estee Lauder Companies in the 3rd quarter worth approximately $33,000. Golden State Wealth Management LLC raised its holdings in shares of Estee Lauder Companies by 69.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Estee Lauder Companies during the second quarter valued at approximately $42,000. Finally, Ameritas Advisory Services LLC bought a new stake in Estee Lauder Companies during the second quarter worth approximately $44,000. Institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Stock Performance

Shares of EL stock opened at $114.64 on Thursday. The Estee Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $120.27. The company has a current ratio of 1.32, a quick ratio of 0.92 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $41.31 billion, a price-to-earnings ratio of -44.43, a P/E/G ratio of 1.37 and a beta of 1.15. The stock’s fifty day simple moving average is $106.40 and its 200-day simple moving average is $96.27.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.17. Estee Lauder Companies had a positive return on equity of 14.92% and a negative net margin of 6.44%.The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the business earned $0.14 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, sell-side analysts predict that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at Estee Lauder Companies

In other news, VP Meridith Webster sold 5,430 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $87.84, for a total value of $476,971.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barry S. Sternlicht sold 3,972 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $91.83, for a total transaction of $364,748.76. Following the sale, the director owned 34,812 shares of the company’s stock, valued at approximately $3,196,785.96. This represents a 10.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 13.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Citigroup lifted their target price on Estee Lauder Companies from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. The Goldman Sachs Group raised Estee Lauder Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $115.00 in a research report on Monday, October 13th. UBS Group increased their price target on Estee Lauder Companies from $105.00 to $119.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group started coverage on Estee Lauder Companies in a research note on Wednesday, January 14th. They issued a “hold” rating and a $110.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.78.

Estee Lauder Companies Profile

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.