Daiwa Securities Group Inc. lowered its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 74.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 41,436 shares of the company’s stock after selling 122,652 shares during the period. Daiwa Securities Group Inc.’s holdings in Estee Lauder Companies, Inc. (The) were worth $3,977,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EL. Vanguard Group Inc. boosted its position in shares of Estee Lauder Companies, Inc. (The) by 3.5% in the first quarter. Vanguard Group Inc. now owns 14,801,143 shares of the company’s stock worth $1,254,989,000 after buying an additional 506,332 shares in the last quarter. BlackRock Inc. boosted its position in shares of Estee Lauder Companies, Inc. (The) by 1,454.5% in the first quarter. BlackRock Inc. now owns 13,775,036 shares of the company’s stock worth $1,167,987,000 after buying an additional 12,888,915 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Estee Lauder Companies, Inc. (The) by 1.6% in the first quarter. Wellington Management Group LLP now owns 10,915,464 shares of the company’s stock worth $925,523,000 after buying an additional 167,133 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Estee Lauder Companies, Inc. (The) by 16.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,073,471 shares of the company’s stock worth $514,969,000 after buying an additional 880,014 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Estee Lauder Companies, Inc. (The) by 11.4% in the first quarter. TIAA CREF Investment Management LLC now owns 4,486,572 shares of the company’s stock worth $380,416,000 after buying an additional 460,548 shares in the last quarter. 54.73% of the stock is currently owned by institutional investors.

Shares of Estee Lauder Companies, Inc. (EL) opened at 100.53 on Tuesday. The firm has a market capitalization of $36.98 billion, a price-to-earnings ratio of 33.69 and a beta of 0.72. The firm has a 50-day moving average of $96.76 and a 200 day moving average of $89.25. Estee Lauder Companies, Inc. has a 52 week low of $75.29 and a 52 week high of $101.02.

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A number of equities analysts have recently weighed in on EL shares. Societe Generale cut shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating and lifted their price target for the stock from $90.00 to $93.00 in a research report on Monday, May 15th. Wells Fargo & Company reissued a “buy” rating on shares of Estee Lauder Companies, Inc. (The) in a research report on Saturday, April 22nd. Zacks Investment Research raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating and set a $100.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research report on Thursday, April 27th. Finally, BidaskClub raised shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $98.83.

In related news, insider John Demsey sold 27,524 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $97.00, for a total transaction of $2,669,828.00. Following the transaction, the insider now directly owns 27,524 shares of the company’s stock, valued at $2,669,828. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $92.31, for a total transaction of $1,538,530.77. Following the transaction, 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 sold 95,070 shares of company stock worth $9,023,304 over the last ninety days. Insiders own 16.98% of the company’s stock.

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

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