The Estee Lauder Companies Inc. $EL Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 5.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,372 shares of the company’s stock after buying an additional 9,496 shares during the quarter. Jones Financial Companies Lllp’s holdings in Estee Lauder Companies were worth $16,934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Asset Dedication LLC increased its holdings in shares of Estee Lauder Companies by 258.7% in the second quarter. Asset Dedication LLC now owns 391 shares of the company’s stock valued at $32,000 after purchasing an additional 282 shares during the period. Quent Capital LLC acquired a new stake in shares of Estee Lauder Companies during the third quarter worth about $33,000. Golden State Wealth Management LLC boosted 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 valued at $41,000 after buying an additional 210 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Estee Lauder Companies in the 2nd quarter worth approximately $42,000. Finally, Ameritas Advisory Services LLC purchased a new position in Estee Lauder Companies during the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insider Activity

In other news, Director Barry S. Sternlicht sold 3,972 shares of the business’s stock in a transaction that occurred on 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 directly owned 34,812 shares in the company, valued at $3,196,785.96. The trade was a 10.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Meridith Webster sold 5,430 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $87.84, for a total value of $476,971.20. Additional details regarding this sale are available in the official SEC disclosure. 13.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EL. Raymond James Financial raised shares of 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. JPMorgan Chase & Co. boosted their target price on shares of Estee Lauder Companies from $116.00 to $131.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Rothschild Redb downgraded Estee Lauder Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 25th. Argus upgraded Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Tuesday, November 11th. Finally, The Goldman Sachs Group upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $115.00 in a research note on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Estee Lauder Companies presently has a consensus rating of “Hold” and an average price target of $103.00.

Estee Lauder Companies Price Performance

Estee Lauder Companies stock opened at $116.25 on Wednesday. The company has a fifty day simple moving average of $108.47 and a 200-day simple moving average of $97.16. The firm has a market capitalization of $41.89 billion, a price-to-earnings ratio of -45.06, a PEG ratio of 1.39 and a beta of 1.14. 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 52-week low of $48.37 and a 52-week high of $121.64.

Estee Lauder Companies Profile

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.