State Board of Administration of Florida Retirement System boosted its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 320,090 shares of the company’s stock after buying an additional 4,062 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.09% of Estee Lauder Companies worth $45,674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in Estee Lauder Companies by 4.9% in the 1st quarter. Wells Fargo & Company MN now owns 2,754,919 shares of the company’s stock valued at $412,465,000 after purchasing an additional 127,787 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Estee Lauder Companies by 31.6% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 63,629 shares of the company’s stock valued at $9,527,000 after purchasing an additional 15,274 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Estee Lauder Companies by 48.6% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 32,243 shares of the company’s stock valued at $4,827,000 after purchasing an additional 10,540 shares during the last quarter. Dowling & Yahnke LLC raised its position in Estee Lauder Companies by 5.0% in the 1st quarter. Dowling & Yahnke LLC now owns 9,845 shares of the company’s stock valued at $1,474,000 after purchasing an additional 468 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich raised its position in Estee Lauder Companies by 3.4% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 14,553 shares of the company’s stock valued at $2,179,000 after purchasing an additional 480 shares during the last quarter. 54.44% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:EL opened at $132.33 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.82. Estee Lauder Companies Inc has a fifty-two week low of $98.16 and a fifty-two week high of $158.80. The firm has a market cap of $48.72 billion, a PE ratio of 38.14, a P/E/G ratio of 1.94 and a beta of 0.62.

Several analysts recently commented on the stock. UBS Group initiated coverage on shares of Estee Lauder Companies in a research report on Thursday, July 19th. They issued a “neutral” rating and a $144.00 price target for the company. Jefferies Financial Group set a $145.00 price objective on shares of Estee Lauder Companies and gave the stock a “hold” rating in a research report on Friday, June 29th. Morgan Stanley downgraded shares of Estee Lauder Companies from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective for the company. in a research report on Monday, June 25th. Piper Jaffray Companies upped their price objective on shares of Estee Lauder Companies from $149.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, June 18th. Finally, Evercore ISI initiated coverage on shares of Estee Lauder Companies in a research report on Tuesday, May 22nd. They set a “buy” rating and a $170.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Estee Lauder Companies currently has an average rating of “Buy” and an average target price of $143.69.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, 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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