Keybank National Association OH boosted its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 88.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,985 shares of the company’s stock after purchasing an additional 4,694 shares during the period. Keybank National Association OH’s holdings in Estee Lauder Companies were worth $1,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Westpac Banking Corp raised its holdings in Estee Lauder Companies by 264.7% during the second quarter. Westpac Banking Corp now owns 56,828 shares of the company’s stock valued at $10,406,000 after buying an additional 41,244 shares in the last quarter. Charter Trust Co. increased its stake in shares of Estee Lauder Companies by 102.5% in the second quarter. Charter Trust Co. now owns 3,525 shares of the company’s stock worth $645,000 after purchasing an additional 1,784 shares during the period. Scott & Selber Inc. increased its stake in shares of Estee Lauder Companies by 1.5% in the second quarter. Scott & Selber Inc. now owns 14,857 shares of the company’s stock worth $2,720,000 after purchasing an additional 224 shares during the period. Wedbush Securities Inc. bought a new position in shares of Estee Lauder Companies in the second quarter worth about $269,000. Finally, CWM LLC increased its stake in shares of Estee Lauder Companies by 36.9% in the second quarter. CWM LLC now owns 720 shares of the company’s stock worth $132,000 after purchasing an additional 194 shares during the period. 53.96% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on EL. Credit Suisse Group lifted their price objective on Estee Lauder Companies from $175.00 to $185.00 and gave the stock a “positive” rating in a research note on Thursday, May 2nd. Raymond James lifted their price objective on Estee Lauder Companies from $164.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $195.00 price objective (up from $190.00) on shares of Estee Lauder Companies in a research note on Thursday, May 2nd. Royal Bank of Canada lowered Estee Lauder Companies from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $173.00 to $178.00 in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Finally, BMO Capital Markets lifted their price objective on Estee Lauder Companies from $155.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $173.13.

EL stock opened at $179.22 on Friday. Estee Lauder Companies Inc has a twelve month low of $121.47 and a twelve month high of $194.74. The company has a market cap of $63.37 billion, a PE ratio of 39.74, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. The business’s 50-day simple moving average is $185.22 and its 200 day simple moving average is $169.80. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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