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The Estee Lauder Companies Inc. (NYSE:EL) Shares Bought by PNC Financial Services Group Inc.

Estee Lauder Companies logo with Consumer Staples background

Key Points

  • PNC Financial Services Group Inc. increased its stake in The Estee Lauder Companies Inc. by 50.6%, owning 150,116 shares valued at approximately $9.9 million.
  • Several institutional investors have also significantly increased their positions in Estee Lauder, with Winthrop Capital Management LLC raising their stake by 2,240%.
  • Wall Street analysts have mixed opinions, with a consensus rating of "Hold" and an average price target of $84.50 for Estee Lauder's stock.
  • Looking to Export and Analyze Estee Lauder Companies Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

PNC Financial Services Group Inc. boosted its stake in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 50.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,116 shares of the company's stock after acquiring an additional 50,456 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Estee Lauder Companies were worth $9,908,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Estee Lauder Companies by 0.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,633 shares of the company's stock valued at $1,626,000 after purchasing an additional 171 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Estee Lauder Companies by 5.1% in the 1st quarter. DAVENPORT & Co LLC now owns 3,796 shares of the company's stock worth $251,000 after acquiring an additional 185 shares during the last quarter. Utah Retirement Systems boosted its position in shares of Estee Lauder Companies by 0.5% during the 4th quarter. Utah Retirement Systems now owns 38,236 shares of the company's stock worth $2,867,000 after purchasing an additional 200 shares during the period. First Hawaiian Bank grew its stake in shares of Estee Lauder Companies by 2.9% in the first quarter. First Hawaiian Bank now owns 7,200 shares of the company's stock valued at $475,000 after buying an additional 200 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in Estee Lauder Companies by 0.3% during the first quarter. State of Michigan Retirement System now owns 63,538 shares of the company's stock worth $4,194,000 after purchasing an additional 200 shares during the period. 55.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. B. Riley reissued a "neutral" rating and issued a $60.00 price target (down previously from $70.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. UBS Group lifted their price objective on Estee Lauder Companies from $62.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Piper Sandler restated an "overweight" rating and set a $75.00 target price (down from $92.00) on shares of Estee Lauder Companies in a research note on Friday, May 2nd. Hsbc Global Res raised shares of Estee Lauder Companies from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Stifel Nicolaus lowered their price target on shares of Estee Lauder Companies from $77.00 to $67.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Thirteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $84.50.

Get Our Latest Research Report on Estee Lauder Companies

Estee Lauder Companies Stock Performance

Estee Lauder Companies stock traded up $0.55 during midday trading on Friday, hitting $91.77. 226,213 shares of the company's stock were exchanged, compared to its average volume of 4,120,245. The firm's 50 day simple moving average is $81.99 and its 200 day simple moving average is $71.54. The Estee Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month 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 stock has a market cap of $33.01 billion, a price-to-earnings ratio of -37.79, a price-to-earnings-growth ratio of 6.44 and a beta of 1.18.

About Estee Lauder Companies

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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