MetLife Investment Advisors LLC trimmed its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 2.4% in the 1st quarter, Holdings Channel reports. The firm owned 67,578 shares of the company’s stock after selling 1,690 shares during the period. MetLife Investment Advisors LLC’s holdings in Estee Lauder Companies were worth $10,118,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in EL. Institutional & Family Asset Management LLC purchased a new position in Estee Lauder Companies in the 1st quarter worth approximately $153,000. CNB Bank purchased a new position in Estee Lauder Companies in the 4th quarter worth approximately $141,000. We Are One Seven LLC purchased a new position in Estee Lauder Companies in the 4th quarter worth approximately $160,000. Captrust Financial Advisors purchased a new position in Estee Lauder Companies in the 4th quarter worth approximately $186,000. Finally, Compton Capital Management Inc. RI purchased a new position in Estee Lauder Companies in the 1st quarter worth approximately $220,000. Hedge funds and other institutional investors own 54.38% of the company’s stock.
Shares of EL stock opened at $157.09 on Wednesday. Estee Lauder Companies Inc has a 1 year low of $93.45 and a 1 year high of $157.64. The company has a quick ratio of 1.37, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. The firm has a market cap of $56.91 billion, a PE ratio of 45.27, a price-to-earnings-growth ratio of 2.54 and a beta of 0.64.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Wednesday, May 30th. Estee Lauder Companies’s payout ratio is 43.80%.
In other news, EVP Gregory Polcer sold 40,797 shares of the business’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $150.00, for a total transaction of $6,119,550.00. Following the completion of the sale, the executive vice president now owns 110,706 shares of the company’s stock, valued at approximately $16,605,900. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 16.24% of the company’s stock.
A number of brokerages recently weighed in on EL. Morgan Stanley boosted their price objective on shares of Estee Lauder Companies from $147.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, April 5th. Oppenheimer boosted their price objective on shares of Estee Lauder Companies from $148.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, April 12th. Stifel Nicolaus restated a “buy” rating and issued a $150.00 price objective (up from $145.00) on shares of Estee Lauder Companies in a report on Tuesday, February 20th. Zacks Investment Research lowered shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Finally, JPMorgan Chase & Co. set a $153.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a research report on Thursday, May 3rd. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $143.63.
About Estee Lauder Companies
The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care, exfoliators, acne and oil correctors, facial masks, cleansing devices, and sun care products; and makeup products for face, eyes, lips, and nails, as well as related items, including compacts, brushes, and other makeup tools.
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