BTC Capital Management Inc. decreased its stake in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 9,732 shares of the company’s stock after selling 112 shares during the period. BTC Capital Management Inc.’s holdings in Estee Lauder Companies, Inc. (The) were worth $935,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EL. 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 valued at $1,167,987,000 after buying an additional 12,888,915 shares during the last quarter. Scopus Asset Management L.P. bought a new position in shares of Estee Lauder Companies, Inc. (The) during the first quarter valued at approximately $122,946,000. Alliancebernstein L.P. boosted its position in shares of Estee Lauder Companies, Inc. (The) by 284.2% in the first quarter. Alliancebernstein L.P. now owns 1,535,927 shares of the company’s stock valued at $130,231,000 after buying an additional 1,136,203 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Estee Lauder Companies, Inc. (The) by 28.6% in the first quarter. Janus Capital Management LLC now owns 4,043,476 shares of the company’s stock valued at $342,835,000 after buying an additional 899,171 shares during the last quarter. Finally, 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 valued at $514,969,000 after buying an additional 880,014 shares during the last quarter. 54.73% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies, Inc. (EL) opened at 101.69 on Friday. Estee Lauder Companies, Inc. has a 12-month low of $75.30 and a 12-month high of $104.50. The company has a market capitalization of $37.40 billion, a PE ratio of 34.08 and a beta of 0.72. The stock has a 50 day moving average of $97.36 and a 200 day moving average of $90.09.

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EL has been the topic of several research analyst reports. Zacks Investment Research cut shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Deutsche Bank AG reduced 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 report on Thursday, May 4th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Estee Lauder Companies, Inc. (The) in a research report 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 report on Wednesday, May 3rd. Finally, Societe Generale cut shares of Estee Lauder Companies, Inc. (The) from a “buy” rating to a “hold” rating and increased their price target for the stock from $90.00 to $93.00 in a research report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $99.73.

In related news, Director Charlene Barshefsky sold 2,383 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $92.98, for a total transaction of $221,571.34. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at $371,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $92.31, for a total transaction of $1,538,530.77. Following the transaction, the insider now owns 83,638 shares of the company’s stock, valued at approximately $7,720,623.78. The disclosure for this sale can be found here. Insiders have sold 86,318 shares of company stock valued at $8,291,130 in the last 90 days. 16.98% of the stock is currently owned by corporate 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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