Public Employees Retirement System of Ohio Trims Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Public Employees Retirement System of Ohio lowered its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,943 shares of the company's stock after selling 4,849 shares during the period. Public Employees Retirement System of Ohio's holdings in Estée Lauder Companies were worth $7,344,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in Estée Lauder Companies during the fourth quarter worth $29,000. Deseret Mutual Benefit Administrators increased its position in shares of Estée Lauder Companies by 68.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after purchasing an additional 158 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth $30,000. Smartleaf Asset Management LLC increased its position in shares of Estée Lauder Companies by 47.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock worth $36,000 after purchasing an additional 154 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of Estée Lauder Companies by 278.2% during the fourth quarter. Quent Capital LLC now owns 658 shares of the company's stock worth $49,000 after purchasing an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Analyst Ratings Changes

EL has been the topic of several research reports. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research report on Thursday, May 1st. Canaccord Genuity Group cut their target price on Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. B. Riley reaffirmed a "neutral" rating and set a $60.00 price target (down from $70.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. Royal Bank of Canada cut their price target on Estée Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Citigroup cut their price target on Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $75.15.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock traded down $1.75 during midday trading on Friday, reaching $66.92. The company had a trading volume of 4,617,461 shares, compared to its average volume of 4,127,205. The company has a market capitalization of $24.07 billion, a P/E ratio of -34.32, a P/E/G ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $125.90. The firm's fifty day simple moving average is $60.33 and its 200-day simple moving average is $68.89. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. Estée Lauder Companies's quarterly revenue was down 9.9% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. As a group, equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies's dividend payout ratio is currently -57.85%.

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.