CVA Family Office LLC Reduces Position in The Estée Lauder Companies Inc. (NYSE:EL)

CVA Family Office LLC trimmed its position in The Estée Lauder Companies Inc. (NYSE:EL) by 71.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258 shares of the company’s stock after selling 644 shares during the quarter. CVA Family Office LLC’s holdings in Estée Lauder Companies were worth $27,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new stake in Estée Lauder Companies in the 4th quarter worth approximately $26,000. Riverview Trust Co purchased a new stake in Estée Lauder Companies in the 1st quarter worth approximately $26,000. Hexagon Capital Partners LLC lifted its position in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after acquiring an additional 99 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Estée Lauder Companies in the first quarter valued at about $35,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Estée Lauder Companies in the fourth quarter valued at about $41,000. 55.15% of the stock is owned by hedge funds and other institutional investors.

Estée Lauder Companies Trading Down 1.9 %

EL stock traded down $1.79 during mid-day trading on Wednesday, reaching $91.58. 3,844,673 shares of the stock traded hands, compared to its average volume of 2,840,826. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The Estée Lauder Companies Inc. has a one year low of $90.26 and a one year high of $175.31. The stock has a market capitalization of $32.84 billion, a PE ratio of 51.44, a PEG ratio of 1.79 and a beta of 0.99. The business has a 50-day moving average price of $108.17 and a two-hundred day moving average price of $129.75.

Analysts Set New Price Targets

Several equities analysts have recently commented on EL shares. StockNews.com upgraded Estée Lauder Companies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday, May 1st. Raymond James cut shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research note on Monday, July 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. Finally, Canaccord Genuity Group cut their target price on shares of Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $147.87.

Insider Buying and Selling

In related news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at approximately $6,958,990.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the transaction, the executive vice president now directly owns 57,389 shares in the company, valued at approximately $6,958,990.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the transaction, the chief financial officer now owns 47,248 shares in the company, valued at $6,412,971.04. The disclosure for this sale can be found here. In the last three months, insiders sold 42,255 shares of company stock valued at $5,453,232. Insiders own 12.77% of the company’s stock.

Estée Lauder Companies Company 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.