CIBC Asset Management Inc boosted its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,728 shares of the company’s stock after buying an additional 95 shares during the period. CIBC Asset Management Inc’s holdings in Estee Lauder Companies, Inc. (The) were worth $2,373,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. American Beacon Advisors Inc. purchased a new position in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $100,000. Bronfman E.L. Rothschild L.P. raised its position in Estee Lauder Companies, Inc. (The) by 36.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock worth $110,000 after buying an additional 346 shares in the last quarter. Israel Discount Bank of New York purchased a new position in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $110,000. First Interstate Bank purchased a new position in Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $114,000. Finally, Parallel Advisors LLC raised its position in Estee Lauder Companies, Inc. (The) by 44.4% in the first quarter. Parallel Advisors LLC now owns 1,629 shares of the company’s stock worth $149,000 after buying an additional 501 shares in the last quarter. 54.73% of the stock is owned by hedge funds and other institutional investors.
Estee Lauder Companies, Inc. (NYSE EL) opened at 100.53 on Tuesday. Estee Lauder Companies, Inc. has a one year low of $75.29 and a one year high of $101.02. The company has a market cap of $36.98 billion, a P/E ratio of 33.69 and a beta of 0.72. The company has a 50-day moving average of $96.76 and a 200 day moving average of $89.25.
EL has been the subject of a number of recent analyst reports. Deutsche Bank AG decreased their price objective on shares of Estee Lauder Companies, Inc. (The) from $102.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Vetr lowered shares of Estee Lauder Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $101.50 price objective for the company. in a research note on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, April 27th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, April 22nd. Finally, Jefferies Group LLC upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $98.83.
In other Estee Lauder Companies, Inc. (The) news, Director Charlene Barshefsky sold 2,383 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $92.98, for a total transaction of $221,571.34. Following the sale, the director now directly owns 4,000 shares of the company’s stock, valued at $371,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $92.31, for a total transaction of $1,538,530.77. Following the sale, the insider now directly owns 83,638 shares in the company, valued at $7,720,623.78. The disclosure for this sale can be found here. Insiders have sold 95,070 shares of company stock valued at $9,023,304 in the last 90 days. 16.98% of the stock is currently owned by corporate insiders.
Estee Lauder Companies, Inc. (The) Company Profile
The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.
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