MassMutual Private Wealth & Trust FSB Has $36,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

MassMutual Private Wealth & Trust FSB grew its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 42.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 476 shares of the company’s stock after acquiring an additional 141 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Estée Lauder Companies were worth $36,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Eagle Bay Advisors LLC boosted its holdings in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Estée Lauder Companies in the third quarter valued at about $31,000. Kimelman & Baird LLC acquired a new stake in shares of Estée Lauder Companies during the second quarter valued at about $32,000. Ecofi Investissements SA bought a new stake in shares of Estée Lauder Companies during the second quarter worth about $53,000. Finally, Rakuten Securities Inc. increased its stake in shares of Estée Lauder Companies by 752.9% in the third quarter. Rakuten Securities Inc. now owns 580 shares of the company’s stock valued at $58,000 after buying an additional 512 shares during the period. Institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on EL. Telsey Advisory Group reiterated a “market perform” rating and set a $105.00 target price on shares of Estée Lauder Companies in a research report on Thursday, October 31st. TD Cowen cut their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Piper Sandler increased their price objective on Estée Lauder Companies from $89.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Canaccord Genuity Group cut their target price on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Wells Fargo & Company increased their price target on Estée Lauder Companies from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 7th. Twenty investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and an average target price of $93.68.

Estée Lauder Companies Stock Performance

Shares of EL opened at $82.58 on Friday. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The company has a market cap of $29.64 billion, a PE ratio of 147.46, a P/E/G ratio of 5.60 and a beta of 1.02. The stock has a 50-day moving average of $74.99 and a 200-day moving average of $84.89. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities research analysts predict that The Estée Lauder Companies Inc. will post 1.51 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, November 29th. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Insider Transactions at Estée Lauder Companies

In related news, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul J. Fribourg acquired 75,500 shares of Estée Lauder Companies stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the completion of the transaction, the director now directly owns 310,000 shares in the company, valued at $20,128,300. This represents a 32.20 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

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