Vanguard Discloses 6.4% Stake in Estee Lauder Class A Shares

TL;DR

**Vanguard still holds a big chunk of Estee Lauder, signaling continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an updated SC 13G/A on February 13, 2024, disclosing its ownership in Estee Lauder Companies Inc. Class A Common Stock. As of December 29, 2023, Vanguard beneficially owned 22,946,804 shares, representing 6.4% of the company's outstanding Class A shares. This filing indicates Vanguard's continued significant, but passive, investment in Estee Lauder, which is important for shareholders as it signals a large institutional investor's ongoing confidence in the company.

Why It Matters

This filing shows that a major institutional investor, Vanguard, maintains a substantial stake in Estee Lauder, which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company control.

Analyst Insight

Investors should note that a major institutional investor like Vanguard continues to hold a substantial, passive position in Estee Lauder, which can be a positive signal regarding long-term stability, but this filing itself doesn't suggest any immediate catalysts for price movement.

Key Numbers

• 22,946,804 — Shares Beneficially Owned (The total number of Estee Lauder Class A Common Stock shares held by The Vanguard Group.)
• 6.4% — Percentage of Class (The percentage of Estee Lauder Class A Common Stock that The Vanguard Group beneficially owns.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this Schedule 13G/A amendment filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Estee Lauder Companies Inc. (company) — subject company, issuer of securities
• 22,946,804 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 6.4% (dollar_amount) — percentage of Class A Common Stock owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will likely maintain a significant, passive stake in Estee Lauder. (The Vanguard Group) — high confidence, target: Next 12-24 months

FAQ

Filing Documents

• tv0877-esteelaudercompaniesi.htm (SC 13G/A) — 11KB
• 0001104659-24-020877.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Estee Lauder Companies Inc. Class A

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 767 Fifth Avenue New York, NY 10153

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 518439104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration