Pendal Group Ltd Reduces Position in Estee Lauder Companies Inc (NYSE:EL)

Pendal Group Ltd decreased its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 547,522 shares of the company’s stock after selling 15,261 shares during the quarter. Estee Lauder Companies comprises about 1.2% of Pendal Group Ltd’s portfolio, making the stock its 18th biggest holding. Pendal Group Ltd owned approximately 0.15% of Estee Lauder Companies worth $87,542,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EL. NuWave Investment Management LLC acquired a new position in Estee Lauder Companies in the second quarter valued at about $33,000. Thor Advisors LLC acquired a new position in Estee Lauder Companies in the first quarter valued at about $37,000. Anderson Fisher LLC acquired a new position in Estee Lauder Companies in the first quarter valued at about $43,000. Trust Co. of Vermont lifted its position in Estee Lauder Companies by 112.1% in the first quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock valued at $44,000 after buying an additional 139 shares during the last quarter. Finally, Berman Capital Advisors LLC lifted its position in Estee Lauder Companies by 35.0% in the second quarter. Berman Capital Advisors LLC now owns 243 shares of the company’s stock valued at $44,000 after buying an additional 63 shares during the last quarter. 53.96% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently issued reports on EL shares. Wells Fargo & Co increased their price target on shares of Estee Lauder Companies from $142.00 to $155.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Stifel Nicolaus increased their price target on shares of Estee Lauder Companies from $180.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. DA Davidson cut shares of Estee Lauder Companies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $179.00 to $155.00 in a research report on Thursday, May 2nd. BMO Capital Markets increased their price target on shares of Estee Lauder Companies from $155.00 to $180.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Finally, Credit Suisse Group increased their price target on shares of Estee Lauder Companies from $175.00 to $185.00 and gave the stock a “positive” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $172.36.

In related news, Director Lynn Forester sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $172.48, for a total transaction of $1,724,800.00. Following the sale, the director now directly owns 14,000 shares in the company, valued at $2,414,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Fabrizio Freda sold 99,495 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $167.13, for a total transaction of $16,628,599.35. Following the completion of the transaction, the insider now owns 101,893 shares in the company, valued at $17,029,377.09. The disclosure for this sale can be found here. Insiders have sold 118,445 shares of company stock worth $19,866,218 over the last 90 days. Insiders own 16.13% of the company’s stock.

Shares of EL stock traded up $2.86 during trading hours on Tuesday, reaching $180.58. 54,597 shares of the stock were exchanged, compared to its average volume of 1,278,212. The stock has a fifty day moving average price of $185.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.26. Estee Lauder Companies Inc has a 12-month low of $121.47 and a 12-month high of $194.74. The stock has a market cap of $66.44 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 2.44 and a beta of 0.81.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, 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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