Blair William & Co. IL Sells 2,472 Shares of The Estee Lauder Companies Inc. (NYSE:EL)

Blair William & Co. IL cut its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 12.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 17,912 shares of the company’s stock after selling 2,472 shares during the period. Blair William & Co. IL’s holdings in Estee Lauder Companies were worth $1,182,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital World Investors purchased a new stake in Estee Lauder Companies during the 4th quarter valued at $554,509,000. Independent Franchise Partners LLP raised its stake in Estee Lauder Companies by 45.5% during the 4th quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company’s stock valued at $589,205,000 after buying an additional 2,458,379 shares during the last quarter. Continental Grain Co. purchased a new stake in Estee Lauder Companies during the 4th quarter valued at $29,077,000. Ensign Peak Advisors Inc raised its stake in Estee Lauder Companies by 12.0% during the 4th quarter. Ensign Peak Advisors Inc now owns 3,608,142 shares of the company’s stock valued at $270,538,000 after buying an additional 385,677 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Estee Lauder Companies by 13.7% during the 4th quarter. Northern Trust Corp now owns 2,365,560 shares of the company’s stock valued at $177,370,000 after buying an additional 285,272 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Estee Lauder Companies Trading Down 0.5%

Shares of EL stock opened at $90.76 on Friday. The Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $103.44. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.02 and a current ratio of 1.41. The firm has a market capitalization of $32.65 billion, a PE ratio of -37.50, a PEG ratio of 6.47 and a beta of 1.18. The stock has a fifty day simple moving average of $82.47 and a two-hundred day simple moving average of $71.57.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EL shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $76.00 target price on shares of Estee Lauder Companies in a report on Thursday, May 1st. Royal Bank Of Canada decreased their target price on Estee Lauder Companies from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. UBS Group raised their target price on Estee Lauder Companies from $62.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. raised Estee Lauder Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $62.00 to $101.00 in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft raised Estee Lauder Companies from a “hold” rating to a “buy” rating and raised their target price for the stock from $71.00 to $95.00 in a report on Monday, June 23rd. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $84.50.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools.