9,194 Shares in The Estee Lauder Companies Inc. $EL Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new position in shares of The Estee Lauder Companies Inc. (NYSE:EL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,194 shares of the company’s stock, valued at approximately $722,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC grew its stake in shares of Estee Lauder Companies by 39.1% in the 4th quarter. N.E.W. Advisory Services LLC now owns 324 shares of the company’s stock valued at $34,000 after purchasing an additional 91 shares during the period. New Mexico Educational Retirement Board lifted its position in shares of Estee Lauder Companies by 0.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 10,724 shares of the company’s stock worth $1,123,000 after buying an additional 100 shares during the period. Allworth Financial LP boosted its stake in Estee Lauder Companies by 6.6% in the 4th quarter. Allworth Financial LP now owns 1,789 shares of the company’s stock valued at $187,000 after buying an additional 110 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Estee Lauder Companies by 17.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 743 shares of the company’s stock valued at $78,000 after buying an additional 113 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in Estee Lauder Companies by 4.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,806 shares of the company’s stock valued at $294,000 after acquiring an additional 117 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Estee Lauder Companies in a research note on Friday, July 31st. Zacks Research lowered shares of Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. The Goldman Sachs Group started coverage on shares of Estee Lauder Companies in a research report on Monday, June 22nd. They set a “buy” rating and a $100.00 target price for the company. Jefferies Financial Group lifted their price target on shares of Estee Lauder Companies from $80.00 to $88.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Finally, Sanford C. Bernstein began coverage on shares of Estee Lauder Companies in a research report on Friday, June 12th. They issued a “market perform” rating and a $82.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $96.84.

Estee Lauder Companies Price Performance

EL opened at $84.35 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.27 and a quick ratio of 0.94. The stock has a market capitalization of $30.52 billion, a P/E ratio of -120.50, a price-to-earnings-growth ratio of 0.68 and a beta of 1.25. The company’s 50 day simple moving average is $84.15 and its 200-day simple moving average is $86.79. The Estee Lauder Companies Inc. has a one year low of $66.22 and a one year high of $121.64.

Estee Lauder Companies Company 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.