MML Investors Services LLC Sells 948 Shares of Estee Lauder Companies Inc (NYSE:EL)

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.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.25. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts expect that Estee Lauder Companies Inc will post 5.21 earnings per share for the current fiscal year.

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?

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

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