Estee Lauder Companies Inc (EL) Holdings Reduced by Atlantic Trust Group LLC

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Atlantic Trust Group LLC lessened its position in Estee Lauder Companies Inc (NYSE:EL) by 94.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 870 shares of the company’s stock after selling 14,513 shares during the quarter. Atlantic Trust Group LLC’s holdings in Estee Lauder Companies were worth $130,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Estee Lauder Companies by 2.2% during the 1st quarter. BlackRock Inc. now owns 16,132,519 shares of the company’s stock valued at $2,415,361,000 after purchasing an additional 342,124 shares during the period. JPMorgan Chase & Co. grew its position in shares of Estee Lauder Companies by 332.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,505,185 shares of the company’s stock worth $524,797,000 after buying an additional 2,695,358 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Estee Lauder Companies by 4.9% in the 1st quarter. Wells Fargo & Company MN now owns 2,754,919 shares of the company’s stock worth $412,465,000 after buying an additional 127,787 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its position in shares of Estee Lauder Companies by 187.1% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,567,264 shares of the company’s stock worth $234,650,000 after buying an additional 1,021,345 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of Estee Lauder Companies by 10.7% in the 4th quarter. William Blair Investment Management LLC now owns 928,375 shares of the company’s stock worth $118,126,000 after buying an additional 89,417 shares during the last quarter. Hedge funds and other institutional investors own 54.40% of the company’s stock.

EL has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of Estee Lauder Companies from $147.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, April 5th. Jefferies Financial Group set a $145.00 target price on shares of Estee Lauder Companies and gave the stock a “hold” rating in a research report on Friday, June 29th. Oppenheimer lifted their price objective on shares of Estee Lauder Companies from $148.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, April 12th. Piper Jaffray Companies lifted their price objective on shares of Estee Lauder Companies from $149.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, June 18th. Finally, JPMorgan Chase & Co. set a $153.00 price objective on shares of Estee Lauder Companies and gave the company a “buy” rating in a research note on Thursday, May 3rd. Seven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Estee Lauder Companies currently has an average rating of “Buy” and an average target price of $143.69.

Estee Lauder Companies traded down $1.79, hitting $139.72, on Thursday, according to Marketbeat. The company had a trading volume of 1,981,800 shares, compared to its average volume of 1,847,714. The firm has a market cap of $51.23 billion, a PE ratio of 41.00, a PEG ratio of 2.03 and a beta of 0.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.82. Estee Lauder Companies Inc has a 12-month low of $97.57 and a 12-month high of $158.80.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 2nd. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.07 by $0.10. Estee Lauder Companies had a net margin of 8.67% and a return on equity of 35.88%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. equities analysts predict that Estee Lauder Companies Inc will post 4.46 EPS for the current fiscal year.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.

Further Reading: Should I invest in “strong buy” stocks?

Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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