Ontario Teachers Pension Plan Board Takes $423,000 Position in The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• The Ontario Teachers Pension Plan Board acquired 6,409 shares of The Estee Lauder Companies Inc., valued at approximately $423,000, during the first quarter.
• Institutional investors own 55.15% of Estee Lauder's stock, indicating significant market interest and confidence in the company.
• UBS Group and Citigroup recently increased their price targets for Estee Lauder shares, with UBS setting a target of $93.00 and Citigroup at $99.00, both maintaining a "neutral" rating.

Ontario Teachers Pension Plan Board purchased a new position in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,409 shares of the company's stock, valued at approximately $423,000.

A number of other large investors have also recently bought and sold shares of the business. Capital World Investors bought a new stake in shares of Estee Lauder Companies during the fourth quarter valued at approximately $554,509,000. Independent Franchise Partners LLP grew its position in Estee Lauder Companies by 45.5% in the fourth quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock worth $589,205,000 after buying an additional 2,458,379 shares during the last quarter. Continental Grain Co. acquired a new position in Estee Lauder Companies in the fourth quarter worth approximately $29,077,000. Ensign Peak Advisors Inc grew its position in Estee Lauder Companies by 12.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company's stock worth $270,538,000 after buying an additional 385,677 shares during the last quarter. Finally, ASR Vermogensbeheer N.V. purchased a new position in Estee Lauder Companies during the 1st quarter worth approximately $25,216,000. Institutional investors own 55.15% of the company's stock.

Estee Lauder Companies Price Performance

EL opened at $90.76 on Friday. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $103.44. 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 company's 50 day simple moving average is $82.47 and its 200-day simple moving average is $71.57. The stock has a market capitalization of $32.65 billion, a P/E ratio of -37.50, a price-to-earnings-growth ratio of 6.47 and a beta of 1.18.

Wall Street Analyst Weigh In

Several research firms have weighed in on EL. UBS Group lifted their price objective on shares of Estee Lauder Companies from $62.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Citigroup upped their price target on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised Estee Lauder Companies from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $62.00 to $101.00 in a research report on Friday, July 25th. B. Riley reaffirmed a "neutral" rating and set a $60.00 price objective (down previously from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Finally, HSBC raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their price objective for the company from $80.00 to $99.00 in a research report on Friday, June 27th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $84.50.

Estee Lauder Companies Profile

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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