California Public Employees Retirement System Decreases Position in The Estée Lauder Companies Inc. (NYSE:EL)

California Public Employees Retirement System decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 349,842 shares of the company’s stock after selling 10,298 shares during the quarter. California Public Employees Retirement System owned approximately 0.10% of Estée Lauder Companies worth $51,164,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. MCF Advisors LLC lifted its stake in Estée Lauder Companies by 207.9% during the fourth quarter. MCF Advisors LLC now owns 585 shares of the company’s stock worth $86,000 after purchasing an additional 395 shares during the last quarter. LRT Capital Management LLC acquired a new position in shares of Estée Lauder Companies in the fourth quarter valued at approximately $853,000. Lindbrook Capital LLC increased its holdings in shares of Estée Lauder Companies by 1.8% in the fourth quarter. Lindbrook Capital LLC now owns 17,092 shares of the company’s stock valued at $2,500,000 after purchasing an additional 294 shares during the period. abrdn plc increased its holdings in shares of Estée Lauder Companies by 15.0% in the fourth quarter. abrdn plc now owns 304,823 shares of the company’s stock valued at $44,580,000 after purchasing an additional 39,738 shares during the period. Finally, Vantage Investment Partners LLC increased its holdings in shares of Estée Lauder Companies by 633.8% in the fourth quarter. Vantage Investment Partners LLC now owns 186,666 shares of the company’s stock valued at $27,300,000 after purchasing an additional 161,227 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EL shares. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a report on Monday, April 15th. Telsey Advisory Group reiterated a “market perform” rating and set a $155.00 target price on shares of Estée Lauder Companies in a research report on Thursday. Bank of America upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $170.00 in a research report on Thursday, March 28th. Barclays boosted their target price on Estée Lauder Companies from $146.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Wells Fargo & Company upped their price objective 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. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $168.17.

Estée Lauder Companies Stock Down 1.6 %

EL opened at $144.96 on Friday. The Estée Lauder Companies Inc. has a 12 month low of $102.22 and a 12 month high of $250.63. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96. The stock has a market cap of $51.96 billion, a P/E ratio of 111.51, a P/E/G ratio of 3.86 and a beta of 1.07. The stock’s 50 day moving average price is $146.83 and its 200 day moving average price is $138.21.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.19 billion. During the same period last year, the firm earned $1.54 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.82%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s dividend payout ratio is currently 203.08%.

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.