Assetmark Inc. Boosts Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Posted by on Aug 8th, 2023

Assetmark Inc. boosted its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL – Free Report) by 10.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,305 shares of the company’s stock after purchasing an additional 1,281 shares during the quarter. Assetmark Inc.’s holdings in Estée Lauder Companies were worth $3,279,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Heritage Wealth Management LLC increased its holdings in shares of Estée Lauder Companies by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 52 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in Estée Lauder Companies during the 4th quarter worth $27,000. North Star Investment Management Corp. grew its stake in Estée Lauder Companies by 1,275.0% during the 1st quarter. North Star Investment Management Corp. now owns 110 shares of the company’s stock worth $27,000 after buying an additional 102 shares during the last quarter. Mizuho Securities Co. Ltd. grew its stake in Estée Lauder Companies by 614.3% during the 4th quarter. Mizuho Securities Co. Ltd. now owns 150 shares of the company’s stock worth $37,000 after buying an additional 129 shares during the last quarter. Finally, Elequin Securities LLC bought a new position in Estée Lauder Companies during the 4th quarter worth $37,000. 57.81% of the stock is currently owned by institutional investors.

Estée Lauder Companies Stock Performance

Shares of Estée Lauder Companies stock opened at $170.15 on Tuesday. The firm has a market capitalization of $60.81 billion, a P/E ratio of 56.53, a P/E/G ratio of 5.04 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.46 and a quick ratio of 1.06. The Estée Lauder Companies Inc. has a fifty-two week low of $169.23 and a fifty-two week high of $284.45. The company’s 50 day moving average price is $187.91 and its two-hundred day moving average price is $222.13.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EL. Jefferies Financial Group downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $270.00 to $190.00 in a research note on Thursday, July 27th. DA Davidson cut their price objective on shares of Estée Lauder Companies from $246.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday, August 2nd. TD Cowen decreased their target price on shares of Estée Lauder Companies from $235.00 to $210.00 and set an “outperform” rating for the company in a research report on Friday, July 21st. Barclays downgraded shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $210.00 to $193.00 in a research report on Thursday, July 20th. Finally, StockNews.com assumed coverage on shares of Estée Lauder Companies in a report on Thursday, May 18th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.88.

Read Our Latest Stock Analysis on Estée Lauder Companies

Insider Buying and Selling at Estée Lauder Companies

In related news, insider Hudis Jane Hertzmark sold 9,869 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $199.95, for a total transaction of $1,973,306.55. Following the sale, the insider now owns 11,406 shares of the company’s stock, valued at approximately $2,280,629.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.75% of the company’s stock.

About Estée Lauder Companies

(Free Report)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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