Kentucky Retirement Systems Sells 60 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Kentucky Retirement Systems reduced its position in The Estée Lauder Companies Inc. (NYSE:ELGet Rating) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,998 shares of the company’s stock after selling 60 shares during the period. Kentucky Retirement Systems’ holdings in Estée Lauder Companies were worth $5,182,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc bought a new stake in Estée Lauder Companies in the 3rd quarter valued at about $25,000. Mizuho Securities Co. Ltd. increased its position in shares of Estée Lauder Companies by 405.0% during the third quarter. Mizuho Securities Co. Ltd. now owns 101 shares of the company’s stock valued at $30,000 after buying an additional 81 shares during the period. Harbor Investment Advisory LLC increased its position in shares of Estée Lauder Companies by 73.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 80 shares of the company’s stock valued at $30,000 after buying an additional 34 shares during the period. Mascoma Wealth Management LLC increased its position in shares of Estée Lauder Companies by 8,400.0% during the fourth quarter. Mascoma Wealth Management LLC now owns 85 shares of the company’s stock valued at $31,000 after buying an additional 84 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Estée Lauder Companies by 78.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 150 shares of the company’s stock worth $45,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 56.54% of the company’s stock.

EL traded down $2.46 during trading on Monday, reaching $264.12. The stock had a trading volume of 1,091,484 shares, compared to its average volume of 1,604,201. The stock’s 50 day moving average is $282.14 and its two-hundred day moving average is $316.47. The company has a current ratio of 1.73, a quick ratio of 1.27 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $94.73 billion, a price-to-earnings ratio of 29.82, a P/E/G ratio of 3.19 and a beta of 1.08. The Estée Lauder Companies Inc. has a one year low of $248.42 and a one year high of $374.20.

Estée Lauder Companies (NYSE:ELGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The company reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.38. The business had revenue of $5.54 billion during the quarter, compared to the consensus estimate of $5.49 billion. Estée Lauder Companies had a return on equity of 44.71% and a net margin of 18.35%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.61 earnings per share. On average, equities research analysts predict that The Estée Lauder Companies Inc. will post 7.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, February 28th were paid a $0.60 dividend. The ex-dividend date was Friday, February 25th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.91%. Estée Lauder Companies’s dividend payout ratio is currently 27.12%.

In other news, EVP Carl P. Haney sold 1,152 shares of the stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $307.94, for a total value of $354,746.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Demsey sold 10,027 shares of the stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $319.68, for a total value of $3,205,431.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,816 shares of company stock worth $15,940,998. Insiders own 12.91% of the company’s stock.

Several brokerages have issued reports on EL. Morgan Stanley cut their target price on Estée Lauder Companies from $365.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, February 4th. UBS Group dropped their price objective on Estée Lauder Companies from $352.00 to $326.00 and set a “neutral” rating for the company in a research note on Friday, February 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Estée Lauder Companies from $327.00 to $334.00 and gave the company a “hold” rating in a research note on Friday, February 4th. Citigroup raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $355.00 to $374.00 in a research note on Friday, February 4th. Finally, Barclays dropped their price objective on Estée Lauder Companies from $360.00 to $342.00 and set an “overweight” rating for the company in a research note on Monday, February 7th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Estée Lauder Companies has a consensus rating of “Buy” and a consensus price target of $354.57.

About Estée Lauder Companies (Get Rating)

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. The company offers a range of skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, cleansing devices, 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.

See Also

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

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