State of Michigan Retirement System Acquires 200 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

State of Michigan Retirement System increased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,838 shares of the company’s stock after buying an additional 200 shares during the quarter. State of Michigan Retirement System’s holdings in Estée Lauder Companies were worth $9,841,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. lifted its stake in shares of Estée Lauder Companies by 0.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company’s stock valued at $2,440,000 after acquiring an additional 76 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Estée Lauder Companies by 25.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after purchasing an additional 82 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Estée Lauder Companies by 11.9% during the first quarter. Capital Advisors Ltd. LLC now owns 849 shares of the company’s stock valued at $131,000 after purchasing an additional 90 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Estée Lauder Companies by 16.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock worth $98,000 after purchasing an additional 96 shares during the last quarter. Finally, Concord Wealth Partners increased its stake in shares of Estée Lauder Companies by 9.1% in the fourth quarter. Concord Wealth Partners now owns 1,173 shares of the company’s stock valued at $172,000 after buying an additional 98 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Estée Lauder Companies

In other news, insider Peter Jueptner sold 12,786 shares of Estée Lauder Companies stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total value of $1,670,107.32. Following the sale, the insider now directly owns 5,578 shares in the company, valued at approximately $728,598.36. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Jane Lauder sold 14,976 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total value of $1,815,989.76. Following the completion of the transaction, the executive vice president now directly owns 57,389 shares in the company, valued at approximately $6,958,990.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Jueptner sold 12,786 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $130.62, for a total transaction of $1,670,107.32. Following the sale, the insider now directly owns 5,578 shares in the company, valued at approximately $728,598.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,255 shares of company stock worth $5,453,232. 12.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Bank of America raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $170.00 in a report on Thursday, March 28th. Bernstein Bank increased their target price on shares of Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday, May 1st. JPMorgan Chase & Co. dropped their price target on Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Citigroup raised Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $160.00 to $175.00 in a research note on Tuesday, April 2nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $191.00 target price on shares of Estée Lauder Companies in a research report on Monday, April 22nd. Sixteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $160.75.

Estée Lauder Companies Price Performance

Shares of EL stock traded up $0.49 during trading hours on Tuesday, hitting $105.87. 1,721,157 shares of the company’s stock were exchanged, compared to its average volume of 2,809,144. The company has a market capitalization of $37.96 billion, a PE ratio of 59.32, a PEG ratio of 3.24 and a beta of 0.99. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The Estée Lauder Companies Inc. has a 12-month low of $102.22 and a 12-month high of $198.86. The business’s 50 day simple moving average is $125.89 and its 200-day simple moving average is $136.89.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. On average, equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were given a $0.66 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.49%. Estée Lauder Companies’s dividend payout ratio is currently 148.32%.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.