Teachers Retirement System of The State of Kentucky raised its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,956 shares of the company's stock after acquiring an additional 10,701 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.05% of Estée Lauder Companies worth $19,235,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Armistice Capital LLC lifted its position in shares of Estée Lauder Companies by 111.8% during the 2nd quarter. Armistice Capital LLC now owns 182,312 shares of the company's stock valued at $19,398,000 after acquiring an additional 96,239 shares during the period. Paloma Partners Management Co increased its stake in Estée Lauder Companies by 729.4% in the third quarter. Paloma Partners Management Co now owns 47,500 shares of the company's stock valued at $4,735,000 after purchasing an additional 41,773 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock valued at $570,600,000 after purchasing an additional 2,533,006 shares during the period. ICICI Prudential Asset Management Co Ltd boosted its position in shares of Estée Lauder Companies by 40.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 111,012 shares of the company's stock worth $11,067,000 after purchasing an additional 32,215 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Estée Lauder Companies in the 2nd quarter valued at about $6,043,000. 55.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Estée Lauder Companies
In other news, CEO Fabrizio Freda sold 10,969 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the sale, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul J. Fribourg acquired 77,500 shares of the business's stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the transaction, the director now directly owns 234,500 shares of the company's stock, valued at $15,010,345. This trade represents a 49.36 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.
Estée Lauder Companies Stock Performance
Shares of EL stock traded down $0.21 during trading hours on Thursday, hitting $81.01. 3,392,524 shares of the company were exchanged, compared to its average volume of 3,583,491. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $29.08 billion, a price-to-earnings ratio of 144.66, a P/E/G ratio of 5.14 and a beta of 1.05. The firm has a fifty day simple moving average of $78.85 and a 200 day simple moving average of $93.26. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75.
Estée Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The business's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. Research analysts predict that The Estée Lauder Companies Inc. will post 1.48 earnings per share for the current fiscal year.
Estée Lauder Companies Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies's dividend payout ratio is currently 250.00%.
Analyst Ratings Changes
A number of research firms recently weighed in on EL. Deutsche Bank Aktiengesellschaft dropped their price target on Estée Lauder Companies from $98.00 to $75.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Telsey Advisory Group reiterated a "market perform" rating and issued a $105.00 target price on shares of Estée Lauder Companies in a report on Thursday, October 31st. Royal Bank of Canada decreased their price target on shares of Estée Lauder Companies from $131.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. DA Davidson reaffirmed a "buy" rating and issued a $81.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group decreased their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Nineteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $98.57.
View Our Latest Analysis on EL
Estée Lauder Companies Company Profile
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Free Report)
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.
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