Scott & Selber Inc. lifted its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 1.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,857 shares of the company’s stock after acquiring an additional 224 shares during the period. Estee Lauder Companies makes up 1.4% of Scott & Selber Inc.’s investment portfolio, making the stock its 27th biggest position. Scott & Selber Inc.’s holdings in Estee Lauder Companies were worth $2,720,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Comerica Securities Inc. grew its stake in shares of Estee Lauder Companies by 509.1% during the fourth quarter. Comerica Securities Inc. now owns 40,557 shares of the company’s stock worth $5,277,000 after purchasing an additional 33,899 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Estee Lauder Companies by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 538,219 shares of the company’s stock worth $70,019,000 after purchasing an additional 15,664 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Estee Lauder Companies during the first quarter worth $432,000. Raymond James Trust N.A. grew its stake in shares of Estee Lauder Companies by 0.8% during the first quarter. Raymond James Trust N.A. now owns 7,864 shares of the company’s stock worth $1,302,000 after purchasing an additional 66 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Estee Lauder Companies during the first quarter worth $307,000. 53.96% of the stock is owned by institutional investors.

A number of equities research analysts recently commented on EL shares. Macquarie lifted their price objective on Estee Lauder Companies from $170.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Stifel Nicolaus lifted their price objective on Estee Lauder Companies from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Wells Fargo & Co lifted their price objective on Estee Lauder Companies from $142.00 to $155.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. BMO Capital Markets lifted their price objective on Estee Lauder Companies from $155.00 to $180.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Finally, Piper Jaffray Companies lifted their target price on Estee Lauder Companies from $178.00 to $187.00 and gave the stock an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $172.36.

In other news, EVP Carl P. Haney sold 8,950 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $169.03, for a total value of $1,512,818.50. Following the sale, the executive vice president now directly owns 3 shares in the company, valued at $507.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lynn Forester sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $172.48, for a total value of $1,724,800.00. Following the completion of the sale, the director now owns 14,000 shares in the company, valued at $2,414,720. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,445 shares of company stock worth $19,866,218. Corporate insiders own 16.13% of the company’s stock.

Shares of Estee Lauder Companies stock traded up $2.85 during trading on Tuesday, reaching $180.57. The stock had a trading volume of 1,253,414 shares, compared to its average volume of 1,278,212. The company has a market cap of $66.44 billion, a P/E ratio of 40.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.81. The business’s fifty day simple moving average is $185.64. Estee Lauder Companies Inc has a 52 week low of $121.47 and a 52 week high of $194.74. The company has a quick ratio of 1.26, a current ratio of 1.69 and a debt-to-equity ratio of 0.62.

Estee Lauder Companies Company 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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