MainStreet Investment Advisors LLC Acquires 1,323 Shares of Estee Lauder Companies Inc (NYSE:EL)

MainStreet Investment Advisors LLC raised its holdings in Estee Lauder Companies Inc (NYSE:EL) by 80.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,976 shares of the company’s stock after buying an additional 1,323 shares during the period. MainStreet Investment Advisors LLC’s holdings in Estee Lauder Companies were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Efficient Wealth Management LLC bought a new position in shares of Estee Lauder Companies in the first quarter valued at $27,000. NuWave Investment Management LLC lifted its stake in shares of Estee Lauder Companies by 1,215.8% in the first quarter. NuWave Investment Management LLC now owns 250 shares of the company’s stock valued at $40,000 after buying an additional 231 shares in the last quarter. Kessler Investment Group LLC bought a new position in shares of Estee Lauder Companies in the first quarter valued at $44,000. Horan Securities Inc. bought a new position in shares of Estee Lauder Companies during the first quarter valued at about $54,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of Estee Lauder Companies during the fourth quarter valued at about $65,000. 54.55% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Hudis Jane Hertzmark sold 12,601 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $174.15, for a total transaction of $2,194,464.15. Following the completion of the transaction, the insider now owns 43,329 shares of the company’s stock, valued at $7,545,745.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Alexandra C. Trower sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $163.08, for a total transaction of $896,940.00. The disclosure for this sale can be found here. Insiders sold 53,697 shares of company stock valued at $9,194,338 in the last quarter. Corporate insiders own 14.68% of the company’s stock.

EL has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Estee Lauder Companies from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, May 4th. DA Davidson dropped their price target on shares of Estee Lauder Companies from $195.00 to $143.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Zacks Investment Research lowered shares of Estee Lauder Companies from a “hold” rating to a “sell” rating and set a $165.00 price target on the stock. in a research report on Friday, March 20th. Morgan Stanley raised their price target on shares of Estee Lauder Companies from $163.00 to $179.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, Oppenheimer reissued a “hold” rating and set a $160.00 price target on shares of Estee Lauder Companies in a research report on Friday, May 1st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $187.05.

Shares of EL traded up $0.32 during trading hours on Friday, hitting $178.20. The company’s stock had a trading volume of 1,031,833 shares, compared to its average volume of 1,782,852. The company has a market cap of $64.04 billion, a price-to-earnings ratio of 50.34, a PEG ratio of 4.01 and a beta of 0.77. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.63 and a quick ratio of 1.26. The business has a 50 day simple moving average of $167.29 and a two-hundred day simple moving average of $188.35. Estee Lauder Companies Inc has a 52-week low of $137.01 and a 52-week high of $220.42.

Estee Lauder Companies (NYSE:EL) last posted its earnings results on Friday, May 1st. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.12. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.10 billion. Estee Lauder Companies had a net margin of 8.43% and a return on equity of 43.18%. The company’s revenue was down 10.7% on a year-over-year basis. During the same quarter last year, the company earned $1.55 earnings per share. Research analysts predict that Estee Lauder Companies Inc will post 4.57 earnings per share for the current year.

About Estee Lauder Companies

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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