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

Sumitomo Mitsui Trust Group Inc. boosted its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 10.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 570,442 shares of the company's stock after purchasing an additional 52,665 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.16% of Estee Lauder Companies worth $37,649,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its stake in Estee Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after acquiring an additional 154 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Estee Lauder Companies by 57.3% during the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after purchasing an additional 228 shares during the period. CVA Family Office LLC grew its holdings in shares of Estee Lauder Companies by 116.2% during the 1st quarter. CVA Family Office LLC now owns 668 shares of the company's stock worth $44,000 after purchasing an additional 359 shares during the period. Farther Finance Advisors LLC increased its position in Estee Lauder Companies by 41.0% during the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after purchasing an additional 229 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Estee Lauder Companies by 58.4% in the first quarter. UMB Bank n.a. now owns 906 shares of the company's stock valued at $60,000 after buying an additional 334 shares during the period. Institutional investors and hedge funds own 55.15% of the company's stock.

Estee Lauder Companies Stock Up 0.1%

Shares of EL traded up $0.07 during trading on Friday, reaching $88.65. The company's stock had a trading volume of 2,288,201 shares, compared to its average volume of 4,294,106. The company has a market cap of $31.89 billion, a price-to-earnings ratio of -36.63, a P/E/G ratio of 6.30 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The company has a fifty day moving average of $69.20 and a two-hundred day moving average of $69.12. The Estee Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $107.57.

Estee Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same period in the prior year, the company posted $0.97 earnings per share. The firm's quarterly revenue was down 9.9% on a year-over-year basis. On average, sell-side analysts predict that The Estee Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estee Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 1.58%. Estee Lauder Companies's dividend payout ratio (DPR) is -57.85%.

Wall Street Analysts Forecast Growth

EL has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Citigroup decreased their price target on shares of Estee Lauder Companies from $77.00 to $55.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Wall Street Zen upgraded Estee Lauder Companies from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 price objective on shares of Estee Lauder Companies in a research report on Thursday, May 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded Estee Lauder Companies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $71.00 to $95.00 in a research note on Monday, June 23rd. Sixteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $74.45.

Estee Lauder Companies Profile

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, and powders, as well as compacts, brushes, and other makeup tools.