Front Barnett Associates LLC trimmed its stake in Estee Lauder Companies Inc (NYSE:EL) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,969 shares of the company’s stock after selling 1,325 shares during the quarter. Estee Lauder Companies makes up about 1.7% of Front Barnett Associates LLC’s portfolio, making the stock its 23rd biggest holding. Front Barnett Associates LLC’s holdings in Estee Lauder Companies were worth $9,984,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Institutional & Family Asset Management LLC bought a new position in shares of Estee Lauder Companies during the 1st quarter worth approximately $153,000. Cornerstone Wealth Management LLC bought a new position in shares of Estee Lauder Companies during the 2nd quarter worth approximately $158,000. Clarus Wealth Advisors bought a new position in shares of Estee Lauder Companies during the 2nd quarter worth approximately $177,000. Concorde Asset Management LLC bought a new position in shares of Estee Lauder Companies during the 2nd quarter worth approximately $211,000. Finally, LeJeune Puetz Investment Counsel LLC bought a new position in shares of Estee Lauder Companies during the 2nd quarter worth approximately $214,000. Hedge funds and other institutional investors own 54.44% of the company’s stock.

EL has been the subject of several research analyst reports. UBS Group initiated coverage on Estee Lauder Companies in a research note on Thursday, July 19th. They set a “neutral” rating and a $144.00 target price for the company. Morgan Stanley downgraded Estee Lauder Companies from an “overweight” rating to an “equal weight” rating and set a $153.00 target price for the company. in a research note on Monday, June 25th. Wells Fargo & Co reiterated a “buy” rating and set a $168.00 target price on shares of Estee Lauder Companies in a research note on Monday, May 21st. Evercore ISI started coverage on Estee Lauder Companies in a research note on Tuesday, May 22nd. They set a “buy” rating and a $170.00 target price for the company. Finally, Deutsche Bank raised Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Estee Lauder Companies currently has a consensus rating of “Buy” and an average price target of $142.77.

NYSE:EL opened at $135.94 on Monday. The company has a market cap of $48.72 billion, a P/E ratio of 39.18, a PEG ratio of 1.94 and a beta of 0.62. The company has a quick ratio of 1.37, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. Estee Lauder Companies Inc has a 1-year low of $102.00 and a 1-year high of $158.80.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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