Everett Harris & Co. CA purchased a new stake in Estee Lauder Companies Inc (NYSE:EL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,240 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of EL. Capital Research Global Investors boosted its stake in Estee Lauder Companies by 280.5% in the first quarter. Capital Research Global Investors now owns 3,505,756 shares of the company’s stock valued at $558,607,000 after buying an additional 2,584,451 shares in the last quarter. Copper Rock Capital Partners LLC boosted its stake in shares of Estee Lauder Companies by 5,899.3% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 2,505,768 shares of the company’s stock valued at $257,369,000 after purchasing an additional 2,464,000 shares in the last quarter. Capital International Investors increased its position in Estee Lauder Companies by 488.7% during the 1st quarter. Capital International Investors now owns 1,921,514 shares of the company’s stock worth $306,174,000 after purchasing an additional 1,595,125 shares in the last quarter. Jennison Associates LLC increased its position in Estee Lauder Companies by 23.4% during the 1st quarter. Jennison Associates LLC now owns 7,476,319 shares of the company’s stock worth $1,191,277,000 after purchasing an additional 1,419,618 shares in the last quarter. Finally, Capital World Investors lifted its stake in Estee Lauder Companies by 127.0% in the 1st quarter. Capital World Investors now owns 2,272,530 shares of the company’s stock valued at $362,105,000 after purchasing an additional 1,271,544 shares during the last quarter. Institutional investors own 55.58% of the company’s stock.

Several research firms recently weighed in on EL. JPMorgan Chase & Co. raised their price objective on Estee Lauder Companies from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Morgan Stanley increased their price objective on Estee Lauder Companies from $179.00 to $196.00 and gave the company an “equal weight” rating in a report on Monday, June 8th. Raymond James lifted their target price on Estee Lauder Companies from $188.00 to $207.00 and gave the stock an “outperform” rating in a report on Tuesday, June 16th. DA Davidson upped their price target on Estee Lauder Companies from $150.00 to $183.00 and gave the company a “neutral” rating in a research report on Monday, June 8th. They noted that the move was a valuation call. Finally, Piper Sandler upgraded Estee Lauder Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $158.00 to $238.00 in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $194.14.

In related news, Director Richard D. Parsons sold 2,906 shares of Estee Lauder Companies stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $201.50, for a total value of $585,559.00. Following the completion of the sale, the director now owns 2,906 shares of the company’s stock, valued at approximately $585,559. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jane Lauder sold 35,596 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $171.45, for a total transaction of $6,102,934.20. Following the sale, the director now owns 82,930 shares of the company’s stock, valued at approximately $14,218,348.50. The disclosure for this sale can be found here. Insiders sold a total of 63,430 shares of company stock valued at $11,143,837 over the last ninety days. 14.68% of the stock is currently owned by corporate insiders.

Shares of NYSE EL opened at $197.54 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.63 and a debt-to-equity ratio of 1.60. The firm has a market cap of $71.11 billion, a PE ratio of 55.80, a P/E/G ratio of 3.92 and a beta of 0.79. The company’s fifty day simple moving average is $191.73 and its 200 day simple moving average is $186.46. Estee Lauder Companies Inc has a 12-month low of $137.01 and a 12-month high of $220.42.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.12. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.10 billion. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 43.18%. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, equities analysts predict that Estee Lauder Companies Inc will post 4.4 earnings per share for the current year.

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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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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