CICC Rates Estée Lauder Companies: Market Perform Recommendation
On December 27, 2024, CICC began its coverage of Estée Lauder Companies (LSE:0JTM) by issuing a Market Perform recommendation.
Institutional Fund Sentiment: A Shift in Ownership
A total of 1,674 funds or institutions currently hold positions in Estée Lauder Companies. This marks a decline of 60 funds, or 3.46%, in the past quarter. The average portfolio weight of all funds invested in 0JTM stands at 0.13%, reflecting a significant increase of 33.18%. However, the total shares owned by institutions dipped by 1.26% over the last three months, totaling 230,653K shares.
The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) currently holds 7,006K shares, which is 3.00% of the company’s total ownership. This is an increase from the previous report, which listed 6,977K shares, amounting to a 0.42% rise. However, the fund has reduced its overall portfolio allocation in 0JTM by 11.63% during the last quarter.
The Vanguard 500 Index Fund Investor Shares (VFINX) owns 6,103K shares, representing 2.61% ownership of Estée Lauder. This is up from 5,982K shares previously, indicating a 1.98% increase. Nevertheless, VFINX has also decreased its portfolio allocation in 0JTM by 12.03% in the past quarter.
Massachusetts Financial Services owns 5,724K shares, accounting for 2.45% ownership. They reported an increase from 3,191K shares, making for a substantial increase of 44.25%. Still, they reduced their allocation in 0JTM significantly by 74.79% over the last quarter.
Independent Franchise Partners LLP holds 5,400K shares, which is 2.31% of the company. Previously, they owned 3,466K shares, revealing a 35.81% increase, along with a 39.82% rise in their portfolio allocation for 0JTM.
The Goldman Sachs Group possesses 4,741K shares, or 2.03% ownership. Their previous holdings were 5,267K shares, showing a decrease of 11.08%. Likewise, they reduced their portfolio allocation in 0JTM by 19.69% over the last quarter.
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