Kentucky Retirement Systems Has $1.20 Million Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Kentucky Retirement Systems cut its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,013 shares of the company’s stock after selling 221 shares during the quarter. Kentucky Retirement Systems’ holdings in Estée Lauder Companies were worth $1,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies during the fourth quarter worth $29,000. Eagle Bay Advisors LLC lifted its stake in shares of Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Estée Lauder Companies in the 4th quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new position in Estée Lauder Companies in the third quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after acquiring an additional 141 shares during the period. Institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. TD Cowen lowered their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Bank of America reduced their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. B. Riley reduced their target price on Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Piper Sandler raised their target price on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company increased their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.00.

Estée Lauder Companies Trading Up 0.5 %

NYSE EL opened at $71.71 on Monday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The company has a market cap of $25.74 billion, a P/E ratio of -36.77, a P/E/G ratio of 6.09 and a beta of 1.03. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.54. The company has a 50-day moving average of $74.83 and a 200-day moving average of $80.89.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities analysts predict that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.95%. Estée Lauder Companies’s payout ratio is currently -71.79%.

Insider Activity at Estée Lauder Companies

In other news, CFO Akhil Shrivastava acquired 700 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg purchased 43,000 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the transaction, the director now directly owns 430,800 shares of the company’s stock, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by insiders.

Estée Lauder Companies 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.