New York State Teachers Retirement System Has $21.40 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

New York State Teachers Retirement System decreased its position in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,143 shares of the company's stock after selling 13,978 shares during the period. New York State Teachers Retirement System owned about 0.06% of Estée Lauder Companies worth $21,402,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of Estée Lauder Companies in the fourth quarter worth $9,689,000. Federated Hermes Inc. lifted its holdings in Estée Lauder Companies by 121.8% in the 4th quarter. Federated Hermes Inc. now owns 1,302 shares of the company's stock valued at $190,000 after purchasing an additional 715 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Estée Lauder Companies during the 4th quarter worth about $180,000. South Dakota Investment Council grew its holdings in shares of Estée Lauder Companies by 17.5% during the fourth quarter. South Dakota Investment Council now owns 9,564 shares of the company's stock worth $1,399,000 after buying an additional 1,425 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Estée Lauder Companies by 7.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,879 shares of the company's stock worth $860,000 after buying an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock traded up $2.23 during mid-day trading on Friday, hitting $93.67. The company's stock had a trading volume of 5,477,774 shares, compared to its average volume of 3,073,794. The Estée Lauder Companies Inc. has a twelve month low of $86.05 and a twelve month high of $165.76. The stock's fifty day moving average price is $100.83 and its two-hundred day moving average price is $126.09. The stock has a market capitalization of $33.59 billion, a P/E ratio of 52.62, a P/E/G ratio of 1.79 and a beta of 0.99. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 1.26.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.39. The company had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.80 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. Research analysts forecast that The Estée Lauder Companies Inc. will post 2.21 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.64 annualized dividend and a dividend yield of 2.82%. Estée Lauder Companies's dividend payout ratio (DPR) is 148.31%.

Insider Activity

In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the company's stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares of the company's stock, valued at $6,958,990.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.77% of the stock is owned by insiders.

Analyst Ratings Changes

EL has been the subject of several recent analyst reports. Evercore ISI lowered their price target on Estée Lauder Companies from $180.00 to $130.00 and set an "outperform" rating for the company in a report on Tuesday. Raymond James cut Estée Lauder Companies from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 22nd. Barclays dropped their price target on Estée Lauder Companies from $136.00 to $117.00 and set an "equal weight" rating for the company in a research note on Friday, July 19th. DA Davidson reduced their price objective on Estée Lauder Companies from $191.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $131.00 target price on shares of Estée Lauder Companies in a research report on Tuesday. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $124.39.

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