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The fund owned 18,127 shares of ELC’s stock after selling 14,163 shares during the quarter.
January 29, 2025
By: Lianna Albrizio
Fifth Third Bancorp has reportedly cut its stake in shares of The Estée Lauder Companies Inc. by 43.9% in Q4, according to the company in its Securities and Exchange Commission (SEC).
Fifth Third Bancorp’s holdings in ELC were worth $1.35 million per its latest filing with the SEC.
ELC is also reportedly reviewing its brand portfolio following a recent management reshuffle.
This could potentially result in the MAC Cosmetics and Clinique owner selling off some of its brands, according to insiders who spoke with Bloomberg.
Investment banking firm Evercore is reportedly working with ELC on the review.
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