Janney Montgomery Scott LLC lowered its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,599 shares of the company’s stock after selling 381 shares during the period. Janney Montgomery Scott LLC’s holdings in Estee Lauder Companies, Inc. (The) were worth $2,073,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EL. American Beacon Advisors Inc. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth $100,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of 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 stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth $110,000. First Interstate Bank purchased a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth $114,000. Finally, Parallel Advisors LLC raised its stake in shares of 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. Institutional investors and hedge funds own 54.73% of the company’s stock.

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Several research analysts have commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $100.00 target price on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday, May 31st. BidaskClub downgraded Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $108.00 target price (up from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $91.00 target price (up from $87.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Tuesday, April 18th. Finally, Piper Jaffray Companies assumed coverage on Estee Lauder Companies, Inc. (The) in a report on Monday, May 1st. They set an “overweight” rating and a $93.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Estee Lauder Companies, Inc. (The) presently has an average rating of “Buy” and an average target price of $98.83.

In other Estee Lauder Companies, Inc. (The) news, insider Fabrizio Freda sold 15,880 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $95.08, for a total value of $1,509,870.40. Following the completion of the sale, the insider now directly owns 74,188 shares in the company, valued at $7,053,795.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director G. Scott Paterson acquired 500,000 shares of the stock in a transaction on Tuesday, May 9th. The stock was bought at an average price of $0.07 per share, with a total value of $35,000.00. Over the last quarter, insiders have sold 95,070 shares of company stock valued at $9,023,304. 16.98% of the stock is currently owned by company insiders.

About Estee Lauder Companies, Inc. (The)

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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Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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