Estee Lauder Companies Inc (EL) Position Reduced by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC trimmed its position in shares of Estee Lauder Companies Inc (NYSE:EL) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 65,937 shares of the company’s stock after selling 1,641 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Estee Lauder Companies were worth $9,409,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of Estee Lauder Companies by 332.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,505,185 shares of the company’s stock worth $524,797,000 after purchasing an additional 2,695,358 shares during the period. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Estee Lauder Companies by 187.1% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,567,264 shares of the company’s stock worth $234,650,000 after purchasing an additional 1,021,345 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Estee Lauder Companies by 15.2% in the 2nd quarter. Wells Fargo & Company MN now owns 3,172,974 shares of the company’s stock worth $452,750,000 after purchasing an additional 418,055 shares during the period. BlackRock Inc. lifted its stake in shares of Estee Lauder Companies by 2.2% in the 1st quarter. BlackRock Inc. now owns 16,132,519 shares of the company’s stock worth $2,415,361,000 after purchasing an additional 342,124 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Estee Lauder Companies by 65.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 815,422 shares of the company’s stock worth $116,353,000 after purchasing an additional 321,821 shares during the period. 56.37% of the stock is currently owned by institutional investors.

In related news, insider John Demsey sold 17,296 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $138.45, for a total value of $2,394,631.20. Following the completion of the transaction, the insider now directly owns 15,696 shares of the company’s stock, valued at $2,173,111.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Irvine O. Hockaday, Jr. sold 1,700 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $137.57, for a total transaction of $233,869.00. Following the completion of the transaction, the director now directly owns 15,040 shares of the company’s stock, valued at $2,069,052.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,756 shares of company stock valued at $14,739,082. Insiders own 16.24% of the company’s stock.

Shares of EL opened at $140.93 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.86 and a debt-to-equity ratio of 0.71. Estee Lauder Companies Inc has a 1 year low of $106.00 and a 1 year high of $158.80. The company has a market cap of $51.31 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 2.15 and a beta of 0.63.

Estee Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 20th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Estee Lauder Companies had a net margin of 8.10% and a return on equity of 36.09%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the firm posted $0.51 EPS. The company’s revenue was up 13.9% on a year-over-year basis. analysts forecast that Estee Lauder Companies Inc will post 4.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, August 30th. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 33.70%.

Several equities analysts have recently weighed in on the stock. Raymond James increased their price objective on shares of Estee Lauder Companies from $145.00 to $151.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 21st. DA Davidson upgraded shares of Estee Lauder Companies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $134.00 to $167.00 in a research note on Tuesday, August 21st. Piper Jaffray Companies set a $156.00 price objective on shares of Estee Lauder Companies and gave the stock an “overweight” rating in a research note on Tuesday, August 21st. Jefferies Financial Group set a $145.00 price objective on shares of Estee Lauder Companies and gave the stock a “hold” rating in a research note on Friday, June 29th. Finally, Evercore ISI started coverage on shares of Estee Lauder Companies in a research note on Tuesday, May 22nd. They issued a “buy” rating and a $170.00 price objective on the stock. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $146.34.

Estee Lauder Companies Profile

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.

Featured Story: Google Finance

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

Receive News & Ratings for Estee Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estee Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply