China Universal Asset Management Co. Ltd. Purchases Shares of 833 The Estée Lauder Companies Inc. (NYSE:EL)

China Universal Asset Management Co. Ltd. acquired a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 833 shares of the company’s stock, valued at approximately $62,000.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Estée Lauder Companies by 9.5% in the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after acquiring an additional 913,470 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock valued at $570,600,000 after buying an additional 2,533,006 shares during the period. Geode Capital Management LLC grew its position in Estée Lauder Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after buying an additional 70,307 shares during the period. Van ECK Associates Corp grew its position in Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after buying an additional 1,078,926 shares during the period. Finally, Two Sigma Advisers LP boosted its position in Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock worth $292,510,000 after purchasing an additional 1,310,900 shares during the period. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 75,500 shares of the company’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $64.93 per share, for a total transaction of $4,902,215.00. Following the purchase, the director now directly owns 310,000 shares of the company’s stock, valued at $20,128,300. This trade represents a 32.20 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $82.71 on Tuesday. The Estée Lauder Companies Inc. has a fifty-two week low of $62.29 and a fifty-two week high of $159.75. The business has a 50-day simple moving average of $77.10 and a two-hundred day simple moving average of $83.83. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32. The firm has a market cap of $29.69 billion, a price-to-earnings ratio of 147.70, a price-to-earnings-growth ratio of 5.89 and a beta of 1.03.

Analyst Ratings Changes

EL has been the subject of a number of research reports. Citigroup lowered shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $80.00 in a research report on Thursday, October 31st. Wells Fargo & Company increased their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $76.00 price target on shares of Estée Lauder Companies in a report on Tuesday, January 28th. Morgan Stanley lowered their price target on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Finally, Barclays increased their price target on shares of Estée Lauder Companies from $63.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $92.95.

Estée Lauder Companies 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.