2,948 Shares in The Estée Lauder Companies Inc. (NYSE:EL) Bought by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,948 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Estée Lauder Companies during the fourth quarter worth about $518,975,000. Jennison Associates LLC acquired a new position in shares of Estée Lauder Companies in the 1st quarter valued at $291,171,000. Vanguard Group Inc. raised its position in Estée Lauder Companies by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock valued at $3,188,832,000 after purchasing an additional 1,250,555 shares during the last quarter. Carmignac Gestion raised its position in Estée Lauder Companies by 1,908.0% during the 4th quarter. Carmignac Gestion now owns 1,195,750 shares of the company’s stock worth $174,895,000 after buying an additional 1,136,201 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Estée Lauder Companies by 32.6% during the 4th quarter. Clearbridge Investments LLC now owns 3,022,816 shares of the company’s stock worth $442,087,000 after buying an additional 742,449 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analysts Forecast Growth

EL has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price target on shares of Estée Lauder Companies from $130.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. StockNews.com raised shares of Estée Lauder Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Telsey Advisory Group reissued a “market perform” rating and issued a $115.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada raised shares of Estée Lauder Companies from a “sector perform” rating to an “outperform” rating and set a $131.00 price objective on the stock in a research note on Wednesday, July 24th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and a consensus price target of $147.87.

Insider Buying and Selling at Estée Lauder Companies

In other news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the sale, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Peter Jueptner sold 12,786 shares of Estée Lauder Companies stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total value of $1,670,107.32. Following the transaction, the insider now owns 5,578 shares in the company, valued at approximately $728,598.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jane Lauder sold 14,976 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the sale, the executive vice president now owns 57,389 shares in the company, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. Insiders sold a total of 42,255 shares of company stock worth $5,453,232 over the last ninety days. 12.77% of the stock is currently owned by corporate insiders.

Estée Lauder Companies Trading Down 3.5 %

Shares of EL traded down $3.34 during trading hours on Monday, hitting $92.16. 4,730,189 shares of the stock traded hands, compared to its average volume of 2,829,390. The Estée Lauder Companies Inc. has a 1-year low of $90.26 and a 1-year high of $175.31. The business has a fifty day moving average of $109.50 and a 200-day moving average of $130.23. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $33.04 billion, a PE ratio of 51.80, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99.

About Estée Lauder Companies

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.