JP Morgan Lowers Estée Lauder’s Outlook Amid Institutional Shake-Up
On November 1, 2024, JP Morgan revised its outlook for Estée Lauder Companies (WBAG:ESLA), changing the rating from Overweight to Neutral.
Current Fund Sentiment Analysis
Estée Lauder Companies currently has 1,682 funds and institutions reporting positions in the stock. This marks a decline of 82 fund owners, or approximately 4.65%, in the last quarter. The average portfolio weight of all funds in ESLA now stands at 0.20%, reflecting an increase of 17.21%. Over the past three months, total shares held by institutions grew by 3.33% to reach 234,345K shares.
Edgewood Management owns 7,923K shares, equating to roughly 3.40% of the company. Previously, the firm reported 8,000K shares, indicating a decrease of 0.98%. Their overall allocation in ESLA has dropped by 31.01% in the last quarter.
Wellington Management Group LLP, on the other hand, has significantly increased its stake to 7,583K shares, or 3.25% ownership. This is a substantial rise from its last report of 2,448K shares, which translates to an increase of 67.72%. Their portfolio allocation in ESLA surged by 115.47% last quarter.
The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) now holds 6,977K shares, representing 2.99% ownership. This marks a slight increase from the previous total of 6,946K shares, up by 0.44%. However, VTSMX has cut its allocation in ESLA by 32.58% over the same period.
Vanguard 500 Index Fund Investor Shares (VFINX) holds 5,982K shares, which corresponds to 2.57% ownership. Previously, it had 5,870K shares, reflecting an increase of 1.87%. Yet, the total portfolio allocation in ESLA decreased by 33.41% in the last quarter.
Goldman Sachs Group owns 5,267K shares for a 2.26% company stake. Its previous holdings of 5,505K shares denote a decrease of 4.52%. Goldman Sachs has reduced its portfolio allocation in ESLA by 37.00% over the last quarter.
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