Massmutual Trust Co. FSB ADV Has $45,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Massmutual Trust Co. FSB ADV lessened its stake in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 23.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164 shares of the company’s stock after selling 50 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Estée Lauder Companies were worth $45,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EL. Atria Investments LLC grew its stake in shares of Estée Lauder Companies by 0.3% during the 3rd quarter. Atria Investments LLC now owns 10,361 shares of the company’s stock worth $3,108,000 after acquiring an additional 30 shares during the period. Triangle Securities Wealth Management grew its stake in shares of Estée Lauder Companies by 1.3% during the 4th quarter. Triangle Securities Wealth Management now owns 2,515 shares of the company’s stock worth $931,000 after acquiring an additional 33 shares during the period. Harbor Investment Advisory LLC boosted its stake in Estée Lauder Companies by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 80 shares of the company’s stock worth $30,000 after purchasing an additional 34 shares during the period. Corbett Road Capital Management LLC boosted its stake in Estée Lauder Companies by 2.7% in the 4th quarter. Corbett Road Capital Management LLC now owns 1,302 shares of the company’s stock worth $482,000 after purchasing an additional 34 shares during the period. Finally, IFP Advisors Inc boosted its stake in Estée Lauder Companies by 7.7% in the 4th quarter. IFP Advisors Inc now owns 491 shares of the company’s stock worth $182,000 after purchasing an additional 35 shares during the period. 58.85% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on EL shares. Societe Generale cut their target price on Estée Lauder Companies to $258.00 and set a “na” rating for the company in a research note on Monday, May 16th. Deutsche Bank Aktiengesellschaft cut their target price on Estée Lauder Companies from $289.00 to $274.00 in a research note on Wednesday, May 4th. Wells Fargo & Company cut their target price on Estée Lauder Companies from $310.00 to $290.00 in a research note on Wednesday, May 4th. Credit Suisse Group cut their target price on Estée Lauder Companies from $365.00 to $320.00 in a research note on Wednesday, May 4th. Finally, StockNews.com began coverage on Estée Lauder Companies in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $338.60.

In other news, Director Charlene Barshefsky sold 1,158 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $238.34, for a total value of $275,997.72. Following the sale, the director now directly owns 46,828 shares in the company, valued at approximately $11,160,985.52. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Carl P. Haney sold 548 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $263.88, for a total value of $144,606.24. Following the completion of the sale, the executive vice president now owns 3,296 shares in the company, valued at $869,748.48. The disclosure for this sale can be found here. Insiders sold a total of 3,671 shares of company stock worth $888,117 over the last ninety days. Insiders own 13.95% of the company’s stock.

Shares of NYSE EL opened at $258.56 on Friday. The stock has a market cap of $92.40 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 3.19 and a beta of 1.04. The company has a current ratio of 1.75, a quick ratio of 1.23 and a debt-to-equity ratio of 0.84. The Estée Lauder Companies Inc. has a 1-year low of $225.39 and a 1-year high of $374.20. The stock’s 50-day moving average is $250.02 and its 200 day moving average is $288.85.

Estée Lauder Companies (NYSE:ELGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.24. The company had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Estée Lauder Companies had a return on equity of 45.06% and a net margin of 18.53%. Estée Lauder Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. On average, analysts forecast that The Estée Lauder Companies Inc. will post 7.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.93%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 26.26%.

Estée Lauder Companies Company Profile (Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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

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