The Estée Lauder Companies Inc. (NYSE:EL) Stock Position Increased by California State Teachers Retirement System

California State Teachers Retirement System lifted its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 405,601 shares of the company's stock after acquiring an additional 10,129 shares during the quarter. California State Teachers Retirement System owned 0.11% of Estée Lauder Companies worth $30,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EL. Vanguard Group Inc. lifted its holdings in shares of Estée Lauder Companies by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company's stock valued at $2,025,532,000 after purchasing an additional 2,344,210 shares in the last quarter. FMR LLC lifted its stake in shares of Estée Lauder Companies by 163.8% during the fourth quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after buying an additional 8,930,011 shares during the period. Independent Franchise Partners LLP raised its stake in Estée Lauder Companies by 45.5% during the fourth quarter. Independent Franchise Partners LLP now owns 7,858,158 shares of the company's stock worth $589,205,000 after purchasing an additional 2,458,379 shares during the period. Capital World Investors purchased a new position in Estée Lauder Companies during the fourth quarter worth approximately $554,509,000. Finally, Invesco Ltd. raised its stake in Estée Lauder Companies by 148.9% during the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock worth $410,984,000 after purchasing an additional 3,278,632 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estée Lauder Companies Stock Down 2.5%

EL stock traded down $1.75 during mid-day trading on Friday, hitting $66.92. 4,617,461 shares of the company were exchanged, compared to its average volume of 4,122,570. The company has a market capitalization of $24.07 billion, a PE ratio of -34.32, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The Estée Lauder Companies Inc. has a twelve month low of $48.37 and a twelve month high of $125.90. The firm has a fifty day simple moving average of $60.33 and a 200 day simple moving average of $68.82.

Estée Lauder Companies (NYSE:EL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.36. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the business earned $0.97 EPS. The firm's revenue for the quarter was down 9.9% compared to the same quarter last year. On average, research analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup cut their price target on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Wall Street Zen lowered shares of Estée Lauder Companies from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Piper Sandler reissued an "overweight" rating and issued a $75.00 price objective (down previously from $92.00) on shares of Estée Lauder Companies in a research report on Friday, May 2nd. Canaccord Genuity Group dropped their price objective on shares of Estée Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $75.15.

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