MML Investors Services LLC lessened its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,667 shares of the company’s stock after selling 647 shares during the quarter. MML Investors Services LLC’s holdings in Estee Lauder Companies were worth $3,784,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Next Capital Management LLC purchased a new position in Estee Lauder Companies during the second quarter valued at $25,000. Massey Quick Simon & CO. LLC lifted its holdings in Estee Lauder Companies by 387.9% during the second quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock valued at $29,000 after purchasing an additional 128 shares in the last quarter. NuWave Investment Management LLC purchased a new position in Estee Lauder Companies during the second quarter valued at $33,000. Meeder Asset Management Inc. purchased a new position in Estee Lauder Companies during the second quarter valued at $34,000. Finally, Thor Advisors LLC purchased a new position in Estee Lauder Companies during the first quarter valued at $37,000. Institutional investors own 54.94% of the company’s stock.

Shares of NYSE:EL traded down $1.79 during midday trading on Friday, hitting $195.43. The company’s stock had a trading volume of 42,091 shares, compared to its average volume of 2,112,139. The business’s 50 day simple moving average is $191.97 and its 200 day simple moving average is $175.87. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.57. The company has a market cap of $71.96 billion, a P/E ratio of 36.61, a price-to-earnings-growth ratio of 2.55 and a beta of 0.78. Estee Lauder Companies Inc has a 12-month low of $121.47 and a 12-month high of $207.50.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.11. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. The company had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. Estee Lauder Companies’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts predict that Estee Lauder Companies Inc will post 5.99 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, August 29th. Estee Lauder Companies’s dividend payout ratio is presently 32.21%.

Several research firms have issued reports on EL. Piper Jaffray Companies increased their price objective on shares of Estee Lauder Companies from $178.00 to $187.00 and gave the company an “overweight” rating in a report on Monday, August 12th. UBS Group increased their price objective on shares of Estee Lauder Companies from $172.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Royal Bank of Canada increased their price objective on shares of Estee Lauder Companies to $200.00 in a report on Tuesday, August 20th. Zacks Investment Research raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating and set a $212.00 price objective on the stock in a report on Tuesday, August 20th. Finally, Bank of America reissued a “buy” rating and issued a $220.00 price target (up from $205.00) on shares of Estee Lauder Companies in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $188.88.

In related news, EVP Alexandra C. Trower sold 6,608 shares of Estee Lauder Companies stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $203.78, for a total value of $1,346,578.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Lal Family Partners Lp sold 2,000,000 shares of Estee Lauder Companies stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $196.00, for a total transaction of $392,000,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,180,943 shares of company stock valued at $428,626,737. Company 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.

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

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