Pitcairn Co. decreased its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 28,755 shares of the company’s stock after selling 934 shares during the period. Pitcairn Co.’s holdings in Estee Lauder Companies, Inc. (The) were worth $2,760,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 7.6% in the first quarter. Nisa Investment Advisors LLC now owns 72,497 shares of the company’s stock valued at $6,146,000 after buying an additional 5,125 shares during the last quarter. Barometer Capital Management Inc. bought a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter valued at approximately $203,000. Everence Capital Management Inc. bought a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter valued at approximately $634,000. DnB Asset Management AS boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 18.7% in the first quarter. DnB Asset Management AS now owns 24,780 shares of the company’s stock valued at $2,101,000 after buying an additional 3,900 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Estee Lauder Companies, Inc. (The) by 68.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,696 shares of the company’s stock valued at $1,396,000 after buying an additional 6,759 shares during the last quarter. Institutional investors own 54.73% of the company’s stock.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/12/pitcairn-co-has-2-76-million-position-in-estee-lauder-companies-inc-the-nyseel.html.

Several analysts have commented on EL shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $100.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research note on Thursday, April 27th. Wells Fargo & Company reiterated a “buy” rating on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, April 22nd. Vetr cut shares of Estee Lauder Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $101.50 price target on the stock. in a research note on Wednesday, May 3rd. Jefferies Group LLC upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Friday, June 2nd. Finally, Deutsche Bank AG decreased their price target on shares of Estee Lauder Companies, Inc. (The) from $102.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $100.03.

In other news, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $92.31, for a total value of $1,538,530.77. Following the sale, the insider now directly owns 83,638 shares of the company’s stock, valued at approximately $7,720,623.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sara E. Moss sold 14,552 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $100.22, for a total transaction of $1,458,401.44. The disclosure for this sale can be found here. Insiders have sold 86,318 shares of company stock worth $8,291,130 over the last ninety days. 16.98% of the stock is 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.