Mitsubishi UFJ Trust & Banking Corp Has $7.60 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 101,350 shares of the company’s stock after selling 3,566 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Estée Lauder Companies were worth $7,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of EL. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies in the 4th quarter worth approximately $29,000. Deseret Mutual Benefit Administrators lifted its position in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares during the period. Eagle Bay Advisors LLC boosted its stake in Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after buying an additional 300 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Estée Lauder Companies in the 4th quarter valued at $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Estée Lauder Companies by 42.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after buying an additional 141 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg acquired 43,000 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, with a total value of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. The trade was a 11.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akhil Shrivastava acquired 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is owned by corporate insiders.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $65.42 on Monday. The firm has a market cap of $23.48 billion, a price-to-earnings ratio of -33.55, a PEG ratio of 6.09 and a beta of 1.08. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $155.73. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average price of $72.02 and a 200 day moving average price of $77.09.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the company earned $0.88 EPS. Estée Lauder Companies’s revenue was down 6.4% on a year-over-year basis. Research analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, February 28th. Estée Lauder Companies’s dividend payout ratio (DPR) is currently -71.79%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EL. CICC Research initiated coverage on shares of Estée Lauder Companies in a research report on Friday, December 27th. They set a “market perform” rating and a $82.00 target price on the stock. Morgan Stanley lowered their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Barclays cut their target price on Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Canaccord Genuity Group lowered their price target on Estée Lauder Companies from $76.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company lifted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and a consensus target price of $86.00.

Estée Lauder Companies Company 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.