Retirement Systems of Alabama Sells 755 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Retirement Systems of Alabama trimmed its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 50,646 shares of the company’s stock after selling 755 shares during the period. Retirement Systems of Alabama’s holdings in Estée Lauder Companies were worth $5,049,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Aptus Capital Advisors LLC increased its stake in Estée Lauder Companies by 6.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company’s stock valued at $228,000 after purchasing an additional 127 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company’s stock valued at $64,000 after acquiring an additional 151 shares in the last quarter. Horizon Bancorp Inc. IN raised its holdings in Estée Lauder Companies by 22.3% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company’s stock worth $90,000 after acquiring an additional 154 shares during the last quarter. Chilton Capital Management LLC lifted its position in Estée Lauder Companies by 63.9% in the 2nd quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock valued at $46,000 after acquiring an additional 168 shares in the last quarter. Finally, Biltmore Family Office LLC boosted its stake in Estée Lauder Companies by 7.8% during the 3rd quarter. Biltmore Family Office LLC now owns 2,376 shares of the company’s stock valued at $237,000 after purchasing an additional 171 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Price Performance

NYSE:EL opened at $74.96 on Thursday. The business’s 50-day simple moving average is $77.23 and its two-hundred day simple moving average is $91.69. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.75. The stock has a market cap of $26.91 billion, a PE ratio of 133.86, a P/E/G ratio of 5.33 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the firm earned $0.11 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. As a group, analysts forecast that The Estée Lauder Companies Inc. will post 1.46 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.87%. Estée Lauder Companies’s dividend payout ratio is currently 250.00%.

Insiders Place Their Bets

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the sale, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg bought 77,500 shares of the stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the transaction, the director now directly owns 234,500 shares in the company, valued at approximately $15,010,345. The trade was a 49.36 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EL. Canaccord Genuity Group decreased their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Piper Sandler upped their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Royal Bank of Canada reduced their price target on shares of Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. DA Davidson reissued a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, November 20th. Finally, Bank of America dropped their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Nineteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.57.

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