The Estee Lauder Companies Inc. (NYSE:EL) Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in The Estee Lauder Companies by 1.7%, now owning 26,563,206 shares valued at approximately $1.75 billion.
• Multiple other investors, including Annis Gardner Whiting Capital Advisors and Winthrop Capital Management, significantly increased their positions in Estee Lauder by over 1,000% during the first quarter.
• The stock has seen various analyst ratings, with Piper Sandler reducing its target price to $75, while HSBC upgraded the rating to "buy" and set a new target of $99.

Vanguard Group Inc. cut its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,563,206 shares of the company's stock after selling 451,097 shares during the period. Vanguard Group Inc. owned 7.40% of Estee Lauder Companies worth $1,753,172,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in EL. Annis Gardner Whiting Capital Advisors LLC increased its position 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 worth $33,000 after buying an additional 461 shares during the period. Winthrop Capital Management LLC increased its position 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 worth $39,000 after buying an additional 560 shares during the period. Golden State Wealth Management LLC grew its stake in shares of Estee Lauder Companies by 57.3% in the first quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after purchasing an additional 228 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of Estee Lauder Companies by 116.2% during the first quarter. CVA Family Office LLC now owns 668 shares of the company's stock valued at $44,000 after purchasing 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 worth $53,000 after purchasing an additional 229 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Estee Lauder Companies Trading Down 0.5%

NYSE:EL opened at $90.76 on Friday. 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 1-year low of $48.37 and a 1-year high of $103.44. The firm has a market capitalization of $32.65 billion, a price-to-earnings ratio of -37.50, a price-to-earnings-growth ratio of 6.47 and a beta of 1.18. The stock has a fifty day simple moving average of $82.47 and a 200 day simple moving average of $71.57.

Analysts Set New Price Targets

EL has been the subject of a number of recent analyst reports. Piper Sandler reiterated an "overweight" rating and issued a $75.00 target price (down previously from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. HSBC upgraded shares of Estee Lauder Companies from a "hold" rating to a "buy" rating and increased their price objective for the company from $80.00 to $99.00 in a report on Friday, June 27th. 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. Barclays increased their price objective 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. Finally, Royal Bank Of Canada decreased their price objective 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. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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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