Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 209,348 shares of the company’s stock after acquiring an additional 9,355 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.06% of Estée Lauder Companies worth $57,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fisher Asset Management LLC raised its holdings in shares of Estée Lauder Companies by 540.9% in the first quarter. Fisher Asset Management LLC now owns 9,075 shares of the company’s stock valued at $2,471,000 after buying an additional 7,659 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Estée Lauder Companies by 15.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 171,517 shares of the company’s stock valued at $47,832,000 after buying an additional 22,821 shares during the last quarter. Alphastar Capital Management LLC raised its holdings in shares of Estée Lauder Companies by 23.3% in the first quarter. Alphastar Capital Management LLC now owns 1,170 shares of the company’s stock valued at $319,000 after buying an additional 221 shares during the last quarter. ProShare Advisors LLC raised its holdings in Estée Lauder Companies by 31.6% during the fourth quarter. ProShare Advisors LLC now owns 45,445 shares of the company’s stock worth $16,824,000 after purchasing an additional 10,920 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. raised its holdings in Estée Lauder Companies by 29.2% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,760 shares of the company’s stock worth $479,000 after purchasing an additional 398 shares in the last quarter. 58.85% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Stock Down 0.9 %

Shares of NYSE EL opened at $270.74 on Friday. The Estée Lauder Companies Inc. has a 1 year low of $225.39 and a 1 year high of $374.20. The firm’s 50 day moving average price is $256.11 and its 200 day moving average price is $268.35. The firm has a market cap of $96.75 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.23 and a current ratio of 1.75.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.24. Estée Lauder Companies had a net margin of 18.53% and a return on equity of 45.06%. The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the business earned $1.62 earnings per share. Estée Lauder Companies’s revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 7.14 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Piper Sandler cut their price target on shares of Estée Lauder Companies from $380.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, April 19th. Wells Fargo & Company cut their price target on shares of Estée Lauder Companies from $310.00 to $290.00 in a report on Wednesday, May 4th. Edward Jones raised shares of Estée Lauder Companies from a “hold” rating to a “buy” rating in a report on Wednesday, April 27th. Credit Suisse Group cut their price target on shares of Estée Lauder Companies from $365.00 to $320.00 in a report on Wednesday, May 4th. Finally, Societe Generale cut their price target on shares of Estée Lauder Companies to $258.00 and set a “na” rating for the company in a report on Monday, May 16th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Estée Lauder Companies currently has an average rating of “Moderate Buy” and a consensus price target of $333.00.

Insider Buying and Selling

In related news, Director Charlene Barshefsky sold 1,158 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $238.34, for a total transaction of $275,997.72. Following the sale, the director now owns 46,828 shares in the company, valued at $11,160,985.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Estée Lauder Companies news, EVP Carl P. Haney sold 548 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $263.88, for a total transaction of $144,606.24. Following the transaction, the executive vice president now owns 3,296 shares of the company’s stock, valued at $869,748.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Charlene Barshefsky sold 1,158 shares of the stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $238.34, for a total transaction of $275,997.72. Following the transaction, the director now directly owns 46,828 shares in the company, valued at approximately $11,160,985.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,671 shares of company stock worth $888,117. 13.95% of the stock is owned by insiders.

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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