The Estée Lauder Companies Inc. (NYSE:EL) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 10.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 603,823 shares of the company’s stock after acquiring an additional 55,193 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.17% of Estée Lauder Companies worth $93,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Teachers Retirement System of The State of Kentucky lifted its stake in Estée Lauder Companies by 113.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 156,583 shares of the company’s stock worth $22,900,000 after acquiring an additional 83,320 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Estée Lauder Companies by 3,477.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 566,180 shares of the company’s stock valued at $82,804,000 after purchasing an additional 550,355 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Estée Lauder Companies by 517.6% during the 4th quarter. Impax Asset Management Group plc now owns 46,633 shares of the company’s stock worth $6,820,000 after purchasing an additional 39,082 shares during the last quarter. Unique Wealth Strategies LLC acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth $819,000. Finally, YCG LLC increased its holdings in Estée Lauder Companies by 5.7% in the fourth quarter. YCG LLC now owns 178,242 shares of the company’s stock valued at $26,068,000 after buying an additional 9,619 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Tracey Thomas Travis sold 14,493 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the completion of the transaction, the chief financial officer now owns 47,248 shares in the company, valued at approximately $6,412,971.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the sale, the insider now directly owns 5,578 shares in the company, valued at $728,598.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the completion of the sale, the chief financial officer now directly owns 47,248 shares in the company, valued at approximately $6,412,971.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,255 shares of company stock worth $5,453,232. Corporate insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Up 0.5 %

EL stock opened at $106.44 on Friday. The stock has a market capitalization of $38.17 billion, a PE ratio of 59.80, a price-to-earnings-growth ratio of 1.75 and a beta of 0.99. The company has a fifty day moving average of $124.21 and a 200-day moving average of $136.42. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The Estée Lauder Companies Inc. has a one year low of $102.22 and a one year high of $198.86.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, analysts expect that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Friday, May 31st. Estée Lauder Companies’s payout ratio is 148.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com raised Estée Lauder Companies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Bank of America raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and upped their price target for the company from $160.00 to $170.00 in a report on Thursday, March 28th. Telsey Advisory Group reissued a “market perform” rating and set a $155.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, May 1st. Barclays lowered their target price on shares of Estée Lauder Companies from $140.00 to $136.00 and set an “equal weight” rating for the company in a report on Friday, June 14th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a research note on Monday, April 15th. Sixteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has an average rating of “Hold” and an average target price of $160.75.

About Estée Lauder Companies

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, 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.