Canada Pension Plan Investment Board reduced its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 17.6% during the second quarter, Holdings Channel reports. The fund owned 434,329 shares of the company’s stock after selling 92,889 shares during the period. Canada Pension Plan Investment Board’s holdings in Estee Lauder Companies, Inc. (The) were worth $41,687,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EL. BLS Capital Fondsmaeglerselskab A S bought a new stake in shares of Estee Lauder Companies, Inc. (The) during the fourth quarter valued at approximately $12,896,000. Macquarie Group Ltd. raised its stake in shares of Estee Lauder Companies, Inc. (The) by 63.1% in the fourth quarter. Macquarie Group Ltd. now owns 31,560 shares of the company’s stock valued at $2,414,000 after buying an additional 12,210 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Estee Lauder Companies, Inc. (The) by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 70,853 shares of the company’s stock valued at $6,007,000 after buying an additional 1,100 shares in the last quarter. National Pension Service raised its stake in shares of Estee Lauder Companies, Inc. (The) by 8.9% in the first quarter. National Pension Service now owns 189,561 shares of the company’s stock valued at $16,177,000 after buying an additional 15,441 shares in the last quarter. Finally, Regentatlantic Capital LLC raised its stake in shares of Estee Lauder Companies, Inc. (The) by 1.1% in the first quarter. Regentatlantic Capital LLC now owns 9,211 shares of the company’s stock valued at $781,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 54.73% of the company’s stock.

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

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Several equities research analysts recently commented on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $100.00 price target on shares of Estee Lauder Companies, Inc. (The) in a research note on Wednesday, May 31st. BidaskClub lowered shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Deutsche Bank AG reiterated a “buy” rating and set a $108.00 price target (up from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Saturday, July 22nd. Jefferies Group LLC reiterated a “hold” rating and set a $91.00 price target (up from $87.00) on shares of Estee Lauder Companies, Inc. (The) in a research note on Tuesday, April 18th. Finally, Piper Jaffray Companies assumed coverage on shares of Estee Lauder Companies, Inc. (The) in a research note on Monday, May 1st. They set an “overweight” rating and a $93.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. Estee Lauder Companies, Inc. (The) currently has an average rating of “Buy” and an average target price of $100.03.

In related news, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the stock in a transaction dated 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 owns 83,638 shares of the company’s stock, valued at approximately $7,720,623.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John Demsey sold 27,524 shares of the stock in a transaction dated 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 in the company, 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 worth $8,291,130. Corporate 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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