MML Investors Services LLC lessened its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,314 shares of the company’s stock after selling 948 shares during the quarter. MML Investors Services LLC’s holdings in Estee Lauder Companies were worth $3,529,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Machina Capital S.A.S. purchased a new position in Estee Lauder Companies in the 4th quarter worth about $30,000. Trust Co. of Vermont raised its stake in shares of Estee Lauder Companies by 112.1% in the first quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock valued at $44,000 after purchasing an additional 139 shares in the last quarter. Motco grew its position in Estee Lauder Companies by 45.8% in the first quarter. Motco now owns 277 shares of the company’s stock valued at $46,000 after acquiring an additional 87 shares during the period. Financial Gravity Wealth Inc. bought a new stake in Estee Lauder Companies in the first quarter valued at $50,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Estee Lauder Companies by 6,015.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,896,861 shares of the company’s stock worth $53,000 after purchasing an additional 6,784,090 shares during the last quarter. 54.19% of the stock is currently owned by institutional investors and hedge funds.
NYSE EL traded up $1.06 during trading hours on Friday, reaching $183.11. 1,235,817 shares of the stock traded hands, compared to its average volume of 1,317,833. The firm has a 50 day moving average price of $172.12. Estee Lauder Companies Inc has a 1 year low of $121.47 and a 1 year high of $184.70. The firm has a market cap of $66.26 billion, a P/E ratio of 40.60, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69.
The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a dividend of $0.43 per share. The ex-dividend date was Thursday, May 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.94%. Estee Lauder Companies’s payout ratio is 38.14%.
EL has been the topic of several analyst reports. Piper Jaffray Companies increased their target price on Estee Lauder Companies from $161.00 to $178.00 and gave the company a “positive” rating in a research note on Thursday, April 25th. Raymond James raised their price target on Estee Lauder Companies from $164.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. UBS Group raised their price target on Estee Lauder Companies from $153.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Oppenheimer raised their price target on Estee Lauder Companies from $164.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, Citigroup increased their price objective on Estee Lauder Companies from $179.00 to $188.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Estee Lauder Companies currently has an average rating of “Buy” and a consensus price target of $170.82.
In related news, Director Lynn Forester sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $172.48, for a total transaction of $1,724,800.00. Following the sale, the director now owns 14,000 shares in the company, valued at $2,414,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Zinterhofer Aerin Lauder Trust sold 2,800,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $166.21, for a total transaction of $465,388,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,036,232 shares of company stock valued at $505,105,319. Corporate insiders own 16.13% of the company’s stock.
Estee Lauder Companies Profile
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.
Further Reading: Why do analysts give a neutral rating?
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