New York State Common Retirement Fund Has $12.12 Million Stake in The Estee Lauder Companies Inc. $EL

New York State Common Retirement Fund trimmed its stake in The Estee Lauder Companies Inc. (NYSE:EL) by 4.3% during the third quarter, Holdings Channel reports. The fund owned 137,500 shares of the company’s stock after selling 6,200 shares during the quarter. New York State Common Retirement Fund’s holdings in Estee Lauder Companies were worth $12,116,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Quent Capital LLC acquired a new stake in shares of Estee Lauder Companies in the third quarter worth $33,000. Asset Dedication LLC raised its holdings in Estee Lauder Companies by 258.7% in the 2nd quarter. Asset Dedication LLC now owns 391 shares of the company’s stock worth $32,000 after acquiring an additional 282 shares during the period. Golden State Wealth Management LLC raised its holdings in Estee Lauder Companies by 69.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 512 shares of the company’s stock worth $41,000 after acquiring an additional 210 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Estee Lauder Companies during the 2nd quarter worth $42,000. Finally, Deseret Mutual Benefit Administrators boosted its holdings in Estee Lauder Companies by 37.6% during the third quarter. Deseret Mutual Benefit Administrators now owns 534 shares of the company’s stock valued at $47,000 after acquiring an additional 146 shares during the period. Institutional investors own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

EL has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Estee Lauder Companies in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Estee Lauder Companies from $124.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, January 29th. The Goldman Sachs Group upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $76.00 to $115.00 in a report on Monday, October 13th. TD Cowen raised their price objective on shares of Estee Lauder Companies from $115.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada boosted their target price on shares of Estee Lauder Companies from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $103.00.

Insider Activity at Estee Lauder Companies

In related news, Director Barry S. Sternlicht sold 3,972 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $91.83, for a total transaction of $364,748.76. Following the completion of the transaction, the director owned 34,812 shares in the company, valued at $3,196,785.96. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Meridith Webster sold 5,430 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $87.84, for a total value of $476,971.20. Additional details regarding this sale are available in the official SEC disclosure. 13.05% of the stock is owned by company insiders.

Estee Lauder Companies Price Performance

NYSE:EL opened at $118.75 on Tuesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.92 and a current ratio of 1.32. The company has a 50-day moving average of $107.99 and a 200-day moving average of $96.95. The Estee Lauder Companies Inc. has a 52 week low of $48.37 and a 52 week high of $120.27. The company has a market capitalization of $42.79 billion, a price-to-earnings ratio of -46.03, a PEG ratio of 1.35 and a beta of 1.14.

About Estee Lauder Companies

Estée Lauder Companies Inc (NYSE: EL) is a global leader in prestige beauty that develops, manufactures and markets a broad portfolio of skincare, makeup, fragrance and hair care products. Founded in 1946 by Estée Lauder, the company has grown from a small family business into a multinational consumer-products enterprise headquartered in New York City. Its activities span product research and development, brand and product marketing, manufacturing and global distribution across multiple retail channels.

The company’s portfolio includes a mix of legacy and prestige brands that target different consumer segments and price points, with well-known names such as Estée Lauder, Clinique, MAC, La Mer and Jo Malone among others.