Keybank National Association OH Buys 4,694 Shares of Estee Lauder Companies Inc (NYSE:EL)

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Keybank National Association OH increased its stake in Estee Lauder Companies Inc (NYSE:EL) by 88.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,985 shares of the company’s stock after acquiring 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 quarter.

Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its position in shares of Estee Lauder Companies by 10.9% in the 1st quarter. FMR LLC now owns 17,499,760 shares of the company’s stock valued at $2,897,086,000 after buying an additional 1,724,423 shares in the last quarter. Jennison Associates LLC increased its position in shares of Estee Lauder Companies by 6.2% in the 1st quarter. Jennison Associates LLC now owns 7,412,572 shares of the company’s stock valued at $1,227,151,000 after buying an additional 435,327 shares in the last quarter. Fundsmith LLP increased its position in shares of Estee Lauder Companies by 5.6% in the 1st quarter. Fundsmith LLP now owns 6,631,703 shares of the company’s stock valued at $1,097,878,000 after buying an additional 349,306 shares in the last quarter. Northern Trust Corp increased its position in shares of Estee Lauder Companies by 0.6% in the 1st quarter. Northern Trust Corp now owns 3,676,755 shares of the company’s stock valued at $608,686,000 after buying an additional 23,703 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Estee Lauder Companies by 6.4% in the 1st quarter. American Century Companies Inc. now owns 2,341,336 shares of the company’s stock valued at $387,608,000 after buying an additional 140,530 shares in the last quarter. Hedge funds and other institutional investors own 53.96% of the company’s stock.

Estee Lauder Companies stock opened at $179.22 on Friday. The firm has a 50-day moving average of $185.22 and a 200-day moving average of $169.80. Estee Lauder Companies Inc has a one year low of $121.47 and a one year high of $194.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.26. The company has a market cap of $63.37 billion, a price-to-earnings ratio of 39.74, a P/E/G ratio of 2.33 and a beta of 0.81.

A number of analysts recently commented on EL shares. Credit Suisse Group upped their price objective on shares of Estee Lauder Companies from $175.00 to $185.00 and gave the company a “positive” rating in a research report on Thursday, May 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 price objective (up previously from $190.00) on shares of Estee Lauder Companies in a research report on Thursday, May 2nd. Citigroup upped their price objective on shares of Estee Lauder Companies from $188.00 to $197.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Stifel Nicolaus upped their price objective on shares of Estee Lauder Companies from $180.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Macquarie upped their price objective on shares of Estee Lauder Companies from $170.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $173.13.

Estee Lauder Companies 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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