Pinnacle Wealth Planning Services Inc. Reduces Position in The Estée Lauder Companies Inc. (NYSE:EL)

Pinnacle Wealth Planning Services Inc. decreased its holdings in The Estée Lauder Companies Inc. (NYSE:ELFree Report) by 17.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,468 shares of the company’s stock after selling 321 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Estée Lauder Companies were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chilton Capital Management LLC purchased a new stake in Estée Lauder Companies in the first quarter worth $37,000. Arlington Partners LLC boosted its holdings in shares of Estée Lauder Companies by 378.4% during the 2nd quarter. Arlington Partners LLC now owns 177 shares of the company’s stock valued at $35,000 after buying an additional 140 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Estée Lauder Companies in the 2nd quarter worth about $51,000. Cornerstone Planning Group LLC purchased a new stake in shares of Estée Lauder Companies in the 2nd quarter worth about $39,000. Finally, Money Concepts Capital Corp grew its position in shares of Estée Lauder Companies by 32.3% in the 4th quarter. Money Concepts Capital Corp now owns 209 shares of the company’s stock worth $52,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

EL has been the topic of a number of recent research reports. Barclays upped their target price on shares of Estée Lauder Companies from $101.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Deutsche Bank Aktiengesellschaft downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 target price on the stock. in a research report on Tuesday, January 2nd. Telsey Advisory Group downgraded shares of Estée Lauder Companies from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $210.00 to $115.00 in a research report on Thursday, November 2nd. Raymond James cut their price objective on shares of Estée Lauder Companies from $195.00 to $180.00 and set a “strong-buy” rating on the stock in a research report on Monday, October 23rd. Finally, Citigroup reduced their price objective on shares of Estée Lauder Companies from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Estée Lauder Companies presently has a consensus rating of “Hold” and an average price target of $176.63.

Get Our Latest Analysis on Estée Lauder Companies

Estée Lauder Companies Stock Down 0.5 %

NYSE EL opened at $134.07 on Friday. The stock’s 50 day moving average is $136.28 and its 200 day moving average is $143.78. The company has a current ratio of 1.45, a quick ratio of 0.97 and a debt-to-equity ratio of 1.33. The Estée Lauder Companies Inc. has a 12 month low of $102.22 and a 12 month high of $270.60. The stock has a market cap of $47.98 billion, a PE ratio of 88.20, a P/E/G ratio of 4.18 and a beta of 1.07.

Estée Lauder Companies (NYSE:ELGet Free Report) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.33. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Estée Lauder Companies had a return on equity of 13.93% and a net margin of 3.54%. The company’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 EPS. Research analysts predict that The Estée Lauder Companies Inc. will post 2.3 EPS for the current fiscal year.

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 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, 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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