Stock Yards Bank & Trust Co. Lowers Position in The Estée Lauder Companies Inc. (NYSE:EL)

Stock Yards Bank & Trust Co. decreased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,900 shares of the company’s stock after selling 171 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Estée Lauder Companies were worth $817,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its holdings in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after acquiring an additional 2,533,006 shares during the period. Two Sigma Advisers LP increased its position in shares of Estée Lauder Companies by 80.8% during the 3rd quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after purchasing an additional 1,310,900 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Estée Lauder Companies by 36.4% during the 3rd quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock worth $402,938,000 after purchasing an additional 1,078,926 shares during the period. Worldquant Millennium Advisors LLC grew its position in Estée Lauder Companies by 695.4% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,123,427 shares of the company’s stock valued at $111,994,000 after buying an additional 982,183 shares during the period. Finally, Nuance Investments LLC increased its holdings in Estée Lauder Companies by 1,127.5% during the third quarter. Nuance Investments LLC now owns 1,059,080 shares of the company’s stock worth $105,580,000 after buying an additional 972,799 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

EL has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Estée Lauder Companies from $100.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. B. Riley decreased their price objective on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $76.00 price objective on shares of Estée Lauder Companies in a report on Tuesday, January 28th. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $92.95.

Estée Lauder Companies Trading Down 0.9 %

Shares of Estée Lauder Companies stock opened at $82.71 on Tuesday. The company has a 50 day simple moving average of $77.10 and a two-hundred day simple moving average of $83.83. The firm has a market cap of $29.69 billion, a PE ratio of 147.70, a PEG ratio of 5.89 and a beta of 1.03. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg bought 77,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of $64.01 per share, for a total transaction of $4,960,775.00. Following the transaction, the director now directly owns 234,500 shares of the company’s stock, valued at $15,010,345. This represents a 49.36 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.78% of the stock is currently owned by insiders.

Estée Lauder Companies 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.