Asset Dedication LLC grew its holdings in Estee Lauder Companies Inc (NYSE:EL) by 33.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 746 shares of the company’s stock after purchasing an additional 187 shares during the period. Asset Dedication LLC’s holdings in Estee Lauder Companies were worth $163,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Community Bank N.A. bought a new stake in shares of Estee Lauder Companies in the second quarter worth $25,000. FDx Advisors Inc. bought a new stake in shares of Estee Lauder Companies in the first quarter worth $26,000. Prestige Wealth Management Group LLC grew its holdings in shares of Estee Lauder Companies by 394.3% in the first quarter. Prestige Wealth Management Group LLC now owns 173 shares of the company’s stock worth $28,000 after acquiring an additional 138 shares during the period. Hall Laurie J Trustee bought a new stake in shares of Estee Lauder Companies in the third quarter worth $28,000. Finally, Old North State Trust LLC bought a new stake in shares of Estee Lauder Companies in the third quarter worth $41,000. 55.49% of the stock is owned by institutional investors and hedge funds.
NYSE:EL opened at $232.65 on Thursday. The company has a fifty day simple moving average of $218.09 and a two-hundred day simple moving average of $195.65. The company has a market cap of $83.94 billion, a price-to-earnings ratio of 127.13, a price-to-earnings-growth ratio of 3.94 and a beta of 0.78. The company has a quick ratio of 1.32, a current ratio of 1.72 and a debt-to-equity ratio of 1.24. Estee Lauder Companies Inc has a 52 week low of $137.01 and a 52 week high of $233.82.
EL has been the subject of several research analyst reports. Goldman Sachs Group raised Estee Lauder Companies from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $147.00 to $231.00 in a report on Monday, September 28th. Zacks Investment Research downgraded Estee Lauder Companies from a “hold” rating to a “sell” rating and set a $224.00 target price on the stock. in a research report on Tuesday, August 25th. TheStreet downgraded Estee Lauder Companies from a “b” rating to a “c+” rating in a research report on Thursday, August 20th. DA Davidson upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and set a $231.00 target price on the stock in a research report on Friday, August 21st. Finally, Credit Suisse Group lifted their target price on Estee Lauder Companies from $219.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Estee Lauder Companies has a consensus rating of “Buy” and a consensus target price of $222.45.
In other news, insider Cedric Prouve sold 9,438 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $218.28, for a total value of $2,060,126.64. Following the sale, the insider now directly owns 250,910 shares in the company, valued at $54,768,634.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tracey Thomas Travis sold 44,862 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $207.00, for a total transaction of $9,286,434.00. Following the completion of the sale, the chief financial officer now owns 76,201 shares in the company, valued at $15,773,607. The disclosure for this sale can be found here. Insiders sold 372,567 shares of company stock valued at $81,248,019 over the last ninety days. Corporate insiders own 13.95% of the company’s stock.
Estee Lauder Companies Company Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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