MML Investors Services LLC lessened its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 3.0% in the 2nd quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EL. Comerica Securities Inc. lifted its position in shares of Estee Lauder Companies by 509.1% during the 4th quarter. Comerica Securities Inc. now owns 40,557 shares of the company’s stock worth $5,277,000 after buying an additional 33,899 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Estee Lauder Companies by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 538,219 shares of the company’s stock valued at $70,019,000 after purchasing an additional 15,664 shares during the last quarter. United Bank raised its position in Estee Lauder Companies by 10.7% in the 1st quarter. United Bank now owns 2,868 shares of the company’s stock valued at $475,000 after purchasing an additional 277 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in Estee Lauder Companies in the 1st quarter valued at $357,000. Finally, Teacher Retirement System of Texas raised its position in Estee Lauder Companies by 112.2% in the 1st quarter. Teacher Retirement System of Texas now owns 97,307 shares of the company’s stock valued at $16,109,000 after purchasing an additional 51,446 shares during the last quarter. Institutional investors and hedge funds own 54.94% of the company’s stock.

EL traded down $1.79 during trading on Friday, hitting $195.43. The stock had a trading volume of 42,091 shares, compared to its average volume of 2,112,139. 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 firm has a market capitalization of $71.96 billion, a P/E ratio of 36.61, a PEG ratio of 2.55 and a beta of 0.78. The company’s 50-day moving average price is $191.97 and its 200 day moving average price is $175.87. Estee Lauder Companies Inc has a twelve month low of $121.47 and a twelve month high of $207.50.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.11. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. Estee Lauder Companies’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. As a group, equities analysts expect that Estee Lauder Companies Inc will post 5.99 earnings per share for the current fiscal year.

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

In other news, CEO Fabrizio Freda sold 28,819 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $206.51, for a total transaction of $5,951,411.69. Following the transaction, the chief executive officer now directly owns 93,360 shares of the company’s stock, valued at approximately $19,279,773.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alexandra C. Trower sold 6,608 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total transaction of $1,346,578.24. The disclosure for this sale can be found here. Insiders sold a total of 2,180,943 shares of company stock worth $428,626,737 over the last three months. 16.13% of the stock is currently owned by corporate insiders.

Several research firms recently commented on EL. Raymond James reiterated an “outperform” rating and issued a $216.00 price target (up previously from $181.00) on shares of Estee Lauder Companies in a research report on Tuesday, August 20th. Citigroup upped their price target on shares of Estee Lauder Companies from $197.00 to $231.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. UBS Group upped their price target on shares of Estee Lauder Companies from $172.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Credit Suisse Group upped their price target on shares of Estee Lauder Companies from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI set a $190.00 price target on shares of Estee Lauder Companies and gave the company a “buy” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $188.88.

About Estee Lauder Companies

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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