DekaBank Deutsche Girozentrale increased its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,040 shares of the company’s stock after buying an additional 17,037 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Estee Lauder Companies, Inc. (The) were worth $16,535,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EL. American Beacon Advisors Inc. bought a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $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 bought a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $110,000. First Interstate Bank bought a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth approximately $114,000. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of Estee Lauder Companies, Inc. (The) during the second quarter worth approximately $147,000. 54.73% of the stock is owned by hedge funds and other institutional investors.

Estee Lauder Companies, Inc. (NYSE:EL) opened at 99.65 on Friday. The company has a market capitalization of $36.65 billion, a price-to-earnings ratio of 33.39 and a beta of 0.72. Estee Lauder Companies, Inc. has a one year low of $75.30 and a one year high of $104.50. The firm’s 50-day moving average price is $97.42 and its 200 day moving average price is $90.23.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/12/dekabank-deutsche-girozentrale-buys-17037-shares-of-estee-lauder-companies-inc-the-el.html.

A number of analysts have commented on the company. Royal Bank Of Canada reissued a “buy” rating and set a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Wednesday, May 31st. BidaskClub lowered Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Deutsche Bank AG reissued a “buy” rating and set a $108.00 price objective (up from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Jefferies Group LLC reissued a “hold” rating and set a $91.00 price objective (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 price objective for the company. Two 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. Estee Lauder Companies, Inc. (The) has an average rating of “Buy” and an average target price of $100.03.

In other Estee Lauder Companies, Inc. (The) news, VP Sara E. Moss sold 14,552 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $100.22, for a total value of $1,458,401.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Demsey sold 27,524 shares of Estee Lauder Companies, Inc. (The) stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $97.00, for a total transaction of $2,669,828.00. Following the completion of the sale, the insider now directly owns 27,524 shares of the company’s stock, valued at approximately $2,669,828. The disclosure for this sale can be found here. In the last ninety days, insiders sold 86,318 shares of company stock valued at $8,291,130. 16.98% of the stock is currently owned by 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.

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Estee Lauder Companies, Inc. (The) (NYSE:EL).

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

Receive News & Ratings for Estee Lauder Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.