Mitsubishi UFJ Asset Management Co. Ltd. Purchases 49,102 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in The Estee Lauder Companies Inc. by 11.9%, acquiring an additional 49,102 shares, bringing its total holdings to approximately 462,993 shares valued at $30.6 million.
• Several institutional investors significantly boosted their positions in Estee Lauder, with Annis Gardner Whiting Capital Advisors raising holdings by 1,182.1% and Winthrop Capital Management increasing theirs by 2,240.0% during the first quarter.
• Analyst ratings for Estee Lauder have varied, with HSBC upgrading the stock from "hold" to "buy" and setting a new target price of $99, while others have adjusted their price objectives downward, illustrating mixed sentiments on the stock's future.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 11.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 462,993 shares of the company's stock after acquiring an additional 49,102 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.13% of Estee Lauder Companies worth $30,558,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EL. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Estee Lauder Companies by 1,182.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock valued at $33,000 after acquiring an additional 461 shares during the period. Winthrop Capital Management LLC lifted its holdings in Estee Lauder Companies by 2,240.0% in the first quarter. Winthrop Capital Management LLC now owns 585 shares of the company's stock valued at $39,000 after acquiring an additional 560 shares during the period. Golden State Wealth Management LLC lifted its holdings in Estee Lauder Companies by 57.3% in the first 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. CVA Family Office LLC lifted its holdings in Estee Lauder Companies by 116.2% in the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after acquiring an additional 359 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Estee Lauder Companies by 41.0% in the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock valued at $53,000 after acquiring an additional 229 shares during the period. Institutional investors own 55.15% of the company's stock.

Analyst Ratings Changes

EL has been the topic of a number of recent research reports. HSBC raised Estee Lauder Companies from a "hold" rating to a "buy" rating and increased their target price for the company from $80.00 to $99.00 in a report on Friday, June 27th. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 price objective (down previously from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Citigroup raised their price objective on Estee Lauder Companies from $60.00 to $99.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. B. Riley reaffirmed a "neutral" rating and issued a $60.00 price objective (down previously from $70.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Finally, Barclays raised their price objective on Estee Lauder Companies from $63.00 to $84.00 and gave the stock an "equal weight" rating in a research note 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 MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $84.50.

Estee Lauder Companies Stock Performance

NYSE EL opened at $90.76 on Monday. The stock has a market capitalization of $32.65 billion, a PE ratio of -37.50, a P/E/G ratio of 6.47 and a beta of 1.18. The business has a 50 day simple moving average of $82.47 and a two-hundred day simple moving average of $71.51. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The Estee Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $103.44.

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.

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