New Mexico Educational Retirement Board Lowers Position in Estee Lauder Companies, Inc. (The) (NYSE:EL)

New Mexico Educational Retirement Board reduced its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,774 shares of the company’s stock after selling 1,800 shares during the period. New Mexico Educational Retirement Board’s holdings in Estee Lauder Companies, Inc. (The) were worth $2,056,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter valued at approximately $100,000. Bronfman E.L. Rothschild L.P. increased its position in Estee Lauder Companies, Inc. (The) by 36.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock valued at $110,000 after buying an additional 346 shares in the last quarter. Israel Discount Bank of New York bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter valued at approximately $110,000. First Interstate Bank bought a new position in Estee Lauder Companies, Inc. (The) during the first quarter valued at approximately $114,000. Finally, Shine Investment Advisory Services Inc. bought a new position in Estee Lauder Companies, Inc. (The) during the second quarter valued at approximately $147,000. Hedge funds and other institutional investors own 54.73% of the company’s stock.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) opened at 101.69 on Friday. The company has a market cap of $37.40 billion, a PE ratio of 34.08 and a beta of 0.72. Estee Lauder Companies, Inc. has a 52-week low of $75.30 and a 52-week high of $104.50. The company’s 50-day moving average is $97.36 and its 200 day moving average is $90.09.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/2802855/new-mexico-educational-retirement-board-lowers-position-in-estee-lauder-companies-inc-the-nyseel.html.

Several equities analysts have commented on EL shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $100.00 price objective on shares of Estee Lauder Companies, Inc. (The) in a report on Thursday, April 27th. Wells Fargo & Company reiterated a “buy” rating on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, April 22nd. Vetr downgraded shares of Estee Lauder Companies, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $101.50 price objective on the stock. in a report on Wednesday, May 3rd. Jefferies Group LLC upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Friday, June 2nd. Finally, Deutsche Bank AG decreased their price objective on shares of Estee Lauder Companies, Inc. (The) from $102.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $99.73.

In other news, Director Charlene Barshefsky sold 2,383 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $92.98, for a total transaction of $221,571.34. Following the completion of the sale, the director now owns 4,000 shares in the company, valued at approximately $371,920. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ronald S. Foundation Lauder sold 16,667 shares of Estee Lauder Companies, Inc. (The) stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $92.31, for a total value of $1,538,530.77. Following the sale, 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. In the last 90 days, insiders sold 86,318 shares of company stock valued at $8,291,130. 16.98% of the stock is owned by corporate insiders.

Estee Lauder Companies, Inc. (The) Company Profile

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.

Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Estee Lauder Companies, Inc. (The) (NYSE:EL).

Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

Receive News & Ratings for Estee Lauder Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.