New York State Teachers Retirement System Sells 17,059 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

New York State Teachers Retirement System lowered its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,084 shares of the company’s stock after selling 17,059 shares during the period. New York State Teachers Retirement System owned 0.05% of Estée Lauder Companies worth $18,351,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Estée Lauder Companies by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 20,686,550 shares of the company’s stock worth $3,188,832,000 after acquiring an additional 1,250,555 shares in the last quarter. Independent Franchise Partners LLP raised its holdings in Estée Lauder Companies by 44.4% in the second quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock worth $368,788,000 after purchasing an additional 1,066,320 shares in the last quarter. Clearbridge Investments LLC lifted its position in Estée Lauder Companies by 4.6% during the first quarter. Clearbridge Investments LLC now owns 3,163,232 shares of the company’s stock valued at $487,612,000 after buying an additional 140,416 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Estée Lauder Companies by 12.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,962,985 shares of the company’s stock valued at $315,262,000 after buying an additional 318,257 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Estée Lauder Companies by 3,065.6% in the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock worth $211,000,000 after buying an additional 1,920,439 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $105.00 price objective on shares of Estée Lauder Companies in a research note on Thursday. Hsbc Global Res cut Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Barclays dropped their target price on Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. DA Davidson restated a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a report on Tuesday. Finally, StockNews.com cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Twenty 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 presently has a consensus rating of “Hold” and an average price target of $104.18.

Estée Lauder Companies Trading Down 3.4 %

Shares of NYSE:EL opened at $66.58 on Friday. The stock’s 50-day simple moving average is $90.09 and its two-hundred day simple moving average is $106.42. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 118.89, a PEG ratio of 1.53 and a beta of 1.01. The Estée Lauder Companies Inc. has a 52-week low of $63.36 and a 52-week high of $159.75. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.01 and a current ratio of 1.39.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data 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. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm posted $0.11 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. Analysts expect that The Estée Lauder Companies Inc. will post 2.95 EPS for the current year.

Estée Lauder Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.10%. Estée Lauder Companies’s dividend payout ratio (DPR) is 250.00%.

Insider Buying and Selling

In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, the director now owns 49,800 shares of the company’s stock, valued at approximately $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now directly owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.78% of the stock is owned by insiders.

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.