Commonwealth Equity Services LLC Grows Position in The Estée Lauder Companies Inc. (NYSE:EL)

Commonwealth Equity Services LLC lifted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 0.8% in the first quarter, HoldingsChannel.com reports. The firm owned 18,388 shares of the company’s stock after acquiring an additional 154 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Estée Lauder Companies were worth $5,007,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EL. Rise Advisors LLC purchased a new position in Estée Lauder Companies during the 4th quarter valued at about $25,000. American National Bank boosted its holdings in Estée Lauder Companies by 147.6% during the 1st quarter. American National Bank now owns 104 shares of the company’s stock valued at $28,000 after acquiring an additional 62 shares during the period. Icapital Wealth LLC purchased a new position in Estée Lauder Companies during the 1st quarter valued at about $29,000. Key Financial Inc boosted its holdings in Estée Lauder Companies by 2,180.0% during the 1st quarter. Key Financial Inc now owns 114 shares of the company’s stock valued at $31,000 after acquiring an additional 109 shares during the period. Finally, Industrial Alliance Investment Management Inc. purchased a new position in Estée Lauder Companies during the 4th quarter valued at about $32,000. 58.85% of the stock is currently owned by hedge funds and other institutional investors.

Estée Lauder Companies Trading Up 0.4 %

Shares of EL stock opened at $269.56 on Thursday. The business’s 50 day moving average is $255.07 and its two-hundred day moving average is $268.96. The Estée Lauder Companies Inc. has a twelve month low of $225.39 and a twelve month high of $374.20. The company has a market capitalization of $96.33 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The company has a current ratio of 1.75, a quick ratio of 1.23 and a debt-to-equity ratio of 0.84.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.24. Estée Lauder Companies had a return on equity of 45.06% and a net margin of 18.53%. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same period last year, the business posted $1.62 EPS. The company’s revenue was up 9.9% on a year-over-year basis. Equities analysts forecast that The Estée Lauder Companies Inc. will post 7.14 EPS for the current year.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, EVP Carl P. Haney sold 1,965 shares of Estée Lauder Companies stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $237.92, for a total value of $467,512.80. Following the transaction, the executive vice president now directly owns 4,515 shares in the company, valued at approximately $1,074,208.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Carl P. Haney sold 548 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $263.88, for a total value of $144,606.24. Following the sale, the executive vice president now directly owns 3,296 shares in the company, valued at $869,748.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Carl P. Haney sold 1,965 shares of Estée Lauder Companies stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $237.92, for a total value of $467,512.80. Following the completion of the sale, the executive vice president now owns 4,515 shares in the company, valued at $1,074,208.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,671 shares of company stock worth $888,117. 12.91% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EL. Societe Generale decreased their price objective on Estée Lauder Companies to $258.00 and set a “na” rating for the company in a research note on Monday, May 16th. Edward Jones upgraded Estée Lauder Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. Royal Bank of Canada decreased their price objective on Estée Lauder Companies from $361.00 to $322.00 in a research note on Wednesday, May 4th. UBS Group lifted their price objective on Estée Lauder Companies to $266.00 in a research note on Friday, July 22nd. Finally, Raymond James decreased their price objective on Estée Lauder Companies from $345.00 to $320.00 in a research note on Wednesday, May 4th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Estée Lauder Companies currently has an average rating of “Moderate Buy” and an average price target of $333.00.

Estée Lauder Companies Profile

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The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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

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