US Bancorp DE Sells 5,990 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Key Points

• US Bancorp DE reduced its stake in The Estee Lauder Companies by 10.1%, now holding 53,605 shares valued at approximately $3.54 million.
• Analysts have set a consensus price target of $84.50 for Estee Lauder, with a mix of hold and buy ratings reflected in various reports.
• Estee Lauder's stock was trading at $90.06, with a market cap of $32.40 billion and a notable debt-to-equity ratio of 1.68.

US Bancorp DE lessened its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 10.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,605 shares of the company's stock after selling 5,990 shares during the period. US Bancorp DE's holdings in Estee Lauder Companies were worth $3,538,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Estee Lauder Companies by 163.8% during the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after purchasing an additional 8,930,011 shares in the last quarter. Independent Franchise Partners LLP raised its position in shares of Estee Lauder Companies by 45.5% during the 4th 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 in the last quarter. Capital World Investors acquired a new stake in shares of Estee Lauder Companies in the 4th quarter worth approximately $554,509,000. Invesco Ltd. boosted its holdings in shares of Estee Lauder Companies by 148.9% in the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock valued at $410,984,000 after acquiring an additional 3,278,632 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its stake in shares of Estee Lauder Companies by 12.0% during the fourth quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company's stock valued at $270,538,000 after acquiring an additional 385,677 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.

Estee Lauder Companies Stock Performance

Estee Lauder Companies stock traded up $1.07 on Thursday, hitting $91.22. The company's stock had a trading volume of 2,320,844 shares, compared to its average volume of 3,671,828. The firm has a market cap of $32.82 billion, a P/E ratio of 43.98, a price-to-earnings-growth ratio of 6.44 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. The company has a fifty day moving average price of $81.54 and a 200-day moving average price of $71.45. The Estee Lauder Companies Inc. has a one year low of $48.37 and a one year high of $103.44.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Stifel Nicolaus cut their price objective on Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. 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 report on Tuesday, July 15th. 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. Wall Street Zen upgraded shares of Estee Lauder Companies from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Citigroup lifted their target price on shares of Estee Lauder Companies from $60.00 to $99.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $84.50.

Estee Lauder Companies Company 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.