Forsta AP Fonden Lowers Stock Position in The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Forsta AP Fonden reduced its stake in The Estee Lauder Companies Inc. by 11.1%, now owning 43,290 shares valued at approximately $2.86 million.
• Following various adjustments, hedge funds and institutional investors collectively own 55.15% of Estee Lauder's stock, reflecting active trading interest.
• Recent analyst ratings show a mixed outlook for Estee Lauder, with target prices ranging from $60 to $110, indicating significant variation in market expectations.

Forsta AP Fonden reduced its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 11.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,290 shares of the company's stock after selling 5,400 shares during the quarter. Forsta AP Fonden's holdings in Estee Lauder Companies were worth $2,857,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Bank Pictet & Cie Europe AG lifted its position in shares of Estee Lauder Companies by 5.4% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock valued at $6,838,000 after acquiring an additional 4,690 shares during the period. Mather Group LLC. lifted its position in shares of Estee Lauder Companies by 442.5% during the 1st quarter. Mather Group LLC. now owns 1,367 shares of the company's stock valued at $90,000 after acquiring an additional 1,115 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock valued at $41,000 after acquiring an additional 228 shares during the period. Bessemer Group Inc. lifted its position in shares of Estee Lauder Companies by 70.2% during the 1st quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock valued at $313,000 after acquiring an additional 1,961 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Estee Lauder Companies by 27.0% during the first quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock worth $239,000 after buying an additional 770 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Estee Lauder Companies Stock Performance

EL traded up $3.60 during trading on Wednesday, hitting $95.30. 3,637,873 shares of the company traded hands, compared to its average volume of 3,435,184. The firm has a market cap of $34.28 billion, a P/E ratio of -39.38, a price-to-earnings-growth ratio of 6.55 and a beta of 1.18. The stock's fifty day moving average is $83.90 and its 200 day moving average is $71.86. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $103.44.

Analyst Ratings Changes

EL has been the topic of several research reports. Hsbc Global Res upgraded shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. UBS Group increased their target price on shares of Estee Lauder Companies from $62.00 to $93.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Wall Street Zen upgraded shares of Estee Lauder Companies from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Royal Bank Of Canada lowered their target price on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Barclays increased their target price on shares of Estee Lauder Companies from $63.00 to $84.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Estee Lauder Companies currently has an average rating of "Hold" and an average target price of $84.50.

About Estee Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.