The Estee Lauder Companies Inc. $EL Stock Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in The Estee Lauder Companies Inc. (NYSE:EL) by 46.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,112,501 shares of the company’s stock after acquiring an additional 1,937,107 shares during the quarter. Bank of New York Mellon Corp’s holdings in Estee Lauder Companies were worth $538,634,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Asset Dedication LLC grew its stake in shares of Estee Lauder Companies by 258.7% in the 2nd quarter. Asset Dedication LLC now owns 391 shares of the company’s stock valued at $32,000 after buying an additional 282 shares in the last quarter. Quent Capital LLC acquired a new stake in Estee Lauder Companies in the third quarter valued at approximately $33,000. Golden State Wealth Management LLC grew its position in Estee Lauder Companies by 69.5% in the second quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Estee Lauder Companies during the 2nd quarter worth $42,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Estee Lauder Companies during the 2nd quarter valued at $44,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Estee Lauder Companies

In other Estee Lauder Companies news, VP Meridith Webster sold 5,430 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $87.84, for a total value of $476,971.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Barry S. Sternlicht sold 3,972 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $91.83, for a total transaction of $364,748.76. Following the transaction, the director owned 34,812 shares in the company, valued at approximately $3,196,785.96. The trade was a 10.24% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 13.05% of the company’s stock.

Estee Lauder Companies Price Performance

Shares of NYSE:EL opened at $114.64 on Thursday. The company has a market cap of $41.31 billion, a price-to-earnings ratio of -44.43, a PEG ratio of 1.37 and a beta of 1.15. The business has a 50 day moving average price of $106.40 and a 200 day moving average price of $96.27. The company has a quick ratio of 0.92, a current ratio of 1.32 and a debt-to-equity ratio of 1.88. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $120.27.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.15 by $0.17. Estee Lauder Companies had a positive return on equity of 14.92% and a negative net margin of 6.44%.The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts predict that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EL shares. Rothschild & Co Redburn cut shares of Estee Lauder Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $83.00 to $70.00 in a report on Tuesday, November 25th. UBS Group boosted their price target on Estee Lauder Companies from $105.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Raymond James Financial raised Estee Lauder Companies from a “market perform” rating to a “strong-buy” rating and set a $130.00 price objective on the stock in a report on Monday, January 5th. Wells Fargo & Company raised their price objective on Estee Lauder Companies from $95.00 to $111.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. Finally, Rothschild Redb cut Estee Lauder Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.78.

About Estee Lauder Companies

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.