The Estee Lauder Companies Inc. (NYSE:EL) Position Trimmed by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,466 shares of the company’s stock after selling 1,460 shares during the period. Cetera Investment Advisers’ holdings in Estee Lauder Companies were worth $1,747,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EL. Bank Pictet & Cie Europe AG boosted its stake in Estee Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company’s stock valued at $6,838,000 after purchasing an additional 4,690 shares during the period. Mather Group LLC. boosted its stake in Estee Lauder Companies by 442.5% during the 1st quarter. Mather Group LLC. now owns 1,367 shares of the company’s stock valued at $90,000 after purchasing an additional 1,115 shares during the period. Golden State Wealth Management LLC boosted its stake in Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company’s stock valued at $41,000 after purchasing an additional 228 shares during the period. Bessemer Group Inc. boosted its stake in Estee Lauder Companies by 70.2% during the 1st quarter. Bessemer Group Inc. now owns 4,753 shares of the company’s stock valued at $313,000 after purchasing an additional 1,961 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Estee Lauder Companies by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company’s stock valued at $239,000 after purchasing an additional 770 shares during the period. Institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Stock Performance

NYSE:EL opened at $90.76 on Friday. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $103.44. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.68. The company has a 50-day moving average of $82.47 and a 200-day moving average of $71.63. The firm has a market cap of $32.65 billion, a price-to-earnings ratio of -37.50, a price-to-earnings-growth ratio of 6.51 and a beta of 1.18.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. HSBC raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and boosted their target price for the company from $80.00 to $99.00 in a research note on Friday, June 27th. JPMorgan Chase & Co. raised shares of Estee Lauder Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $62.00 to $101.00 in a report on Friday, July 25th. Evercore ISI increased their target price on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, June 26th. Citigroup increased their target price on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Finally, Canaccord Genuity Group decreased their target price on shares of Estee Lauder Companies from $70.00 to $62.00 and set a “hold” rating for the company in a research report on Tuesday, April 29th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Estee Lauder Companies currently has an average rating of “Hold” and a consensus target price of $84.50.

About Estee Lauder Companies

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