The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its position in The Estée Lauder Companies Inc. (NYSE:EL) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 678,054 shares of the company’s stock after selling 2,491 shares during the period. The Estée Lauder Companies comprises approximately 0.9% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 23rd largest position. Public Employees Retirement Association of Colorado owned about 0.19% of The Estée Lauder Companies worth $215,675,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV increased its holdings in The Estée Lauder Companies by 20.9% in the first quarter. Mercer Global Advisors Inc. ADV now owns 2,871 shares of the company’s stock valued at $835,000 after buying an additional 496 shares in the last quarter. E Fund Management Co. Ltd. purchased a new position in The Estée Lauder Companies in the first quarter valued at about $1,616,000. Quilter Plc increased its holdings in The Estée Lauder Companies by 14.6% in the first quarter. Quilter Plc now owns 3,851 shares of the company’s stock valued at $1,121,000 after buying an additional 490 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in The Estée Lauder Companies by 1.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,732 shares of the company’s stock valued at $8,357,000 after buying an additional 426 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in The Estée Lauder Companies by 28.2% in the first quarter. Prudential Financial Inc. now owns 231,314 shares of the company’s stock valued at $67,277,000 after buying an additional 50,852 shares in the last quarter. Hedge funds and other institutional investors own 56.00% of the company’s stock.

The Estée Lauder Companies stock traded up $6.30 during midday trading on Thursday, hitting $321.31. 22,279 shares of the stock were exchanged, compared to its average volume of 1,210,086. The Estée Lauder Companies Inc. has a 1 year low of $216.25 and a 1 year high of $347.82. The firm has a market cap of $116.09 billion, a P/E ratio of 40.44, a P/E/G ratio of 3.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.84 and a quick ratio of 1.37. The company has a 50 day moving average price of $325.29 and a two-hundred day moving average price of $314.31.

The Estée Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, August 18th. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.28. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.75 billion. The Estée Lauder Companies had a net margin of 17.70% and a return on equity of 44.03%. The company’s revenue was up 62.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.53) EPS. As a group, analysts predict that The Estée Lauder Companies Inc. will post 7.51 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, August 30th. The Estée Lauder Companies’s payout ratio is currently 32.87%.

In other news, CEO Fabrizio Freda sold 14,961 shares of the business’s stock in a transaction dated Friday, September 3rd. The shares were sold at an average price of $342.59, for a total value of $5,125,488.99. Following the completion of the sale, the chief executive officer now owns 110,778 shares of the company’s stock, valued at approximately $37,951,435.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael O’hare sold 2,947 shares of the business’s stock in a transaction dated Friday, September 3rd. The shares were sold at an average price of $343.18, for a total transaction of $1,011,351.46. Following the sale, the executive vice president now directly owns 6,916 shares of the company’s stock, valued at approximately $2,373,432.88. The disclosure for this sale can be found here. Insiders sold a total of 216,728 shares of company stock valued at $72,868,619 in the last three months. Insiders own 13.95% of the company’s stock.

EL has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of The Estée Lauder Companies in a research note on Tuesday, October 5th. They set a “buy” rating for the company. Societe Generale initiated coverage on shares of The Estée Lauder Companies in a research note on Wednesday, July 14th. They set a “hold” rating and a $335.00 price objective for the company. Oppenheimer raised their price objective on shares of The Estée Lauder Companies from $330.00 to $355.00 and gave the stock an “outperform” rating in a research note on Thursday, July 22nd. UBS Group assumed coverage on shares of The Estée Lauder Companies in a research note on Wednesday, June 23rd. They issued a “neutral” rating and a $323.00 target price for the company. Finally, Evercore ISI lifted their target price on shares of The Estée Lauder Companies from $355.00 to $365.00 and gave the stock an “outperform” rating in a research note on Friday, August 20th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, The Estée Lauder Companies currently has an average rating of “Buy” and a consensus target price of $343.23.

About The Estée Lauder Companies

The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.

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

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