Northwestern Mutual Investment Management Company LLC grew its position in Estee Lauder Companies Inc (NYSE:EL) by 34.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,594 shares of the company’s stock after purchasing an additional 2,948 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Estee Lauder Companies were worth $1,847,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of EL. Magellan Asset Management Ltd grew its position in Estee Lauder Companies by 71.2% during the fourth quarter. Magellan Asset Management Ltd now owns 6,737,395 shares of the company’s stock worth $1,391,542,000 after buying an additional 2,801,687 shares in the last quarter. Norges Bank bought a new stake in Estee Lauder Companies during the fourth quarter worth $443,329,000. Jennison Associates LLC lifted its stake in Estee Lauder Companies by 23.4% during the first quarter. Jennison Associates LLC now owns 7,476,319 shares of the company’s stock worth $1,191,277,000 after purchasing an additional 1,419,618 shares during the last quarter. Capital Research Global Investors bought a new stake in Estee Lauder Companies during the fourth quarter worth $190,286,000. Finally, Loomis Sayles & Co. L P lifted its stake in Estee Lauder Companies by 79,464.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 648,447 shares of the company’s stock worth $133,930,000 after purchasing an additional 647,632 shares during the last quarter. 54.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Estee Lauder Companies stock opened at $178.20 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.26 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average price of $167.29 and a two-hundred day moving average price of $188.35. Estee Lauder Companies Inc has a 1-year low of $137.01 and a 1-year high of $220.42. The company has a market cap of $64.04 billion, a P/E ratio of 50.34, a PEG ratio of 4.01 and a beta of 0.77.
Several research firms have weighed in on EL. ValuEngine upgraded Estee Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Telsey Advisory Group restated an “outperform” rating on shares of Estee Lauder Companies in a research note on Monday, March 2nd. DA Davidson dropped their price target on Estee Lauder Companies from $195.00 to $143.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Oppenheimer reiterated a “hold” rating and issued a $160.00 price target on shares of Estee Lauder Companies in a research note on Friday, May 1st. Finally, Goldman Sachs Group reiterated a “sell” rating and issued a $135.00 price target (down from $175.00) on shares of Estee Lauder Companies in a research note on Thursday, March 19th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $187.05.
In other news, EVP Alexandra C. Trower sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $163.08, for a total value of $896,940.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Hudis Jane Hertzmark sold 12,601 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $174.15, for a total value of $2,194,464.15. Following the completion of the sale, the insider now owns 43,329 shares of the company’s stock, valued at $7,545,745.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,697 shares of company stock valued at $9,194,338. Company insiders own 14.68% of the company’s stock.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
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