Jones Financial Companies Lllp Decreases Stake in Estee Lauder Companies Inc (NYSE:EL)

Jones Financial Companies Lllp reduced its position in Estee Lauder Companies Inc (NYSE:EL) by 2.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 34,140 shares of the company’s stock after selling 922 shares during the period. Jones Financial Companies Lllp’s holdings in Estee Lauder Companies were worth $6,251,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EL. Conning Inc. raised its stake in shares of Estee Lauder Companies by 0.8% in the 1st quarter. Conning Inc. now owns 7,506 shares of the company’s stock valued at $1,243,000 after purchasing an additional 60 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Estee Lauder Companies by 16.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 429 shares of the company’s stock valued at $79,000 after purchasing an additional 60 shares in the last quarter. CMC Financial Group raised its stake in shares of Estee Lauder Companies by 0.7% in the 1st quarter. CMC Financial Group now owns 8,536 shares of the company’s stock valued at $1,413,000 after purchasing an additional 61 shares in the last quarter. Berman Capital Advisors LLC raised its stake in shares of Estee Lauder Companies by 35.0% in the 2nd quarter. Berman Capital Advisors LLC now owns 243 shares of the company’s stock valued at $44,000 after purchasing an additional 63 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Estee Lauder Companies by 1.5% in the 2nd quarter. Bessemer Group Inc. now owns 4,352 shares of the company’s stock valued at $797,000 after purchasing an additional 66 shares in the last quarter. 53.96% of the stock is owned by institutional investors.

EL has been the topic of several research reports. BMO Capital Markets increased their price objective on shares of Estee Lauder Companies from $155.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price objective (up previously from $190.00) on shares of Estee Lauder Companies in a research note on Thursday, May 2nd. Evercore ISI set a $190.00 price objective on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research note on Monday, August 12th. Citigroup increased their price objective on shares of Estee Lauder Companies from $188.00 to $197.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, UBS Group increased their price objective on shares of Estee Lauder Companies from $153.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $173.13.

Shares of NYSE:EL traded up $3.79 during trading hours on Friday, hitting $179.22. The stock had a trading volume of 2,445,800 shares, compared to its average volume of 1,471,122. The stock’s fifty day simple moving average is $185.22 and its 200 day simple moving average is $169.80. Estee Lauder Companies Inc has a 1-year low of $121.47 and a 1-year high of $194.74. The firm has a market capitalization of $63.48 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 2.33 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69.

About Estee Lauder Companies

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

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

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