The Estee Lauder Companies Inc. (NYSE:EL) Shares Sold by Fayez Sarofim & Co

Key Points

• Fayez Sarofim & Co decreased its stake in The Estee Lauder Companies by 5.4% during the first quarter, now holding 418,578 shares valued at approximately $27.6 million.
• Institutional investors collectively own 55.15% of Estee Lauder Companies, with significant increases in holdings reported by several hedge funds in the first quarter.
• Wall Street analysts have issued mixed ratings for Estee Lauder, with an average rating of "Hold" and a consensus target price of $84.50.

Fayez Sarofim & Co trimmed its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 5.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 418,578 shares of the company's stock after selling 23,728 shares during the quarter. Fayez Sarofim & Co owned about 0.12% of Estee Lauder Companies worth $27,626,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Estee Lauder Companies by 1,182.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 500 shares of the company's stock valued at $33,000 after purchasing an additional 461 shares during the period. Winthrop Capital Management LLC lifted its stake 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 buying an additional 560 shares during the last quarter. Golden State Wealth Management LLC lifted its stake 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 buying an additional 228 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of 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 boosted its holdings in shares of 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. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EL has been the topic of a number of recent research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $75.00 target price (down from $92.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Hsbc Global Res raised shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. HSBC raised shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their target price for the company from $80.00 to $99.00 in a report on Friday, June 27th. Telsey Advisory Group reiterated a "market perform" rating and set a $76.00 target price on shares of Estee Lauder Companies in a research note on Thursday, May 1st. Finally, UBS Group boosted their price target on Estee Lauder Companies from $62.00 to $93.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $84.50.

Estee Lauder Companies Price Performance

Shares of Estee Lauder Companies stock traded down $0.46 during trading on Friday, reaching $90.76. The company's stock had a trading volume of 2,406,866 shares, compared to its average volume of 3,500,320. The business has a 50 day moving average price of $82.47 and a 200-day moving average price of $71.63. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $103.44. The company has a market capitalization of $32.65 billion, a P/E ratio of -37.50, a price-to-earnings-growth ratio of 6.51 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68.

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.