The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System decreased its position in shares of The Estée Lauder Companies Inc. (NYSE:ELFree Report) by 3.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 63,638 shares of the company’s stock after selling 2,200 shares during the period. State of Michigan Retirement System’s holdings in Estée Lauder Companies were worth $9,307,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arlington Trust Co LLC acquired a new position in Estée Lauder Companies during the 3rd quarter worth about $32,000. Chilton Capital Management LLC acquired a new stake in Estée Lauder Companies in the 1st quarter valued at about $37,000. Cornerstone Planning Group LLC acquired a new stake in Estée Lauder Companies in the 2nd quarter valued at about $39,000. Exchange Traded Concepts LLC raised its position in Estée Lauder Companies by 1,900.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock valued at $40,000 after purchasing an additional 266 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in Estée Lauder Companies by 82.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock valued at $40,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EL shares. Wells Fargo & Company increased their price target on Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group started coverage on Estée Lauder Companies in a research report on Friday, March 1st. They issued a “neutral” rating and a $145.00 price target on the stock. Royal Bank of Canada increased their price target on Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. Citigroup upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $160.00 to $175.00 in a report on Tuesday. Finally, Telsey Advisory Group increased their price objective on Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $166.46.

Get Our Latest Stock Analysis on Estée Lauder Companies

Estée Lauder Companies Trading Down 4.2 %

NYSE:EL opened at $146.34 on Thursday. The stock’s 50 day moving average price is $145.37 and its 200 day moving average price is $138.30. The company has a market capitalization of $52.46 billion, a PE ratio of 112.57, a P/E/G ratio of 3.96 and a beta of 1.07. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. The Estée Lauder Companies Inc. has a 52-week low of $102.22 and a 52-week high of $260.46.

Estée Lauder Companies (NYSE:ELGet Free Report) last released its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.19 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 EPS. On average, research analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.66 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.64 annualized dividend and a dividend yield of 1.80%. Estée Lauder Companies’s dividend payout ratio (DPR) is currently 203.08%.

Estée Lauder Companies Company Profile

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

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Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

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