California State Teachers Retirement System Sells 39,250 Shares of The Estee Lauder Companies Inc. $EL

California State Teachers Retirement System decreased its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,545 shares of the company's stock after selling 39,250 shares during the quarter. California State Teachers Retirement System owned 0.10% of Estee Lauder Companies worth $27,438,678 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EL. Varenne Capital Partners purchased a new stake in shares of Estee Lauder Companies during the 2nd quarter valued at about $28,061,000. HB Wealth Management LLC lifted its stake in Estee Lauder Companies by 22.5% in the second quarter. HB Wealth Management LLC now owns 5,656 shares of the company's stock worth $447,000 after acquiring an additional 1,037 shares during the last quarter. Saudi Central Bank boosted its stake in shares of Estee Lauder Companies by 90.7% during the second quarter. Saudi Central Bank now owns 17,305 shares of the company's stock worth $1,366,000 after buying an additional 8,230 shares during the period. Three Seasons Wealth LLC purchased a new stake in shares of Estee Lauder Companies in the 2nd quarter worth about $854,000. Finally, Raiffeisen Bank International AG grew its stake in shares of Estee Lauder Companies by 112.1% during the 2nd quarter. Raiffeisen Bank International AG now owns 17,045 shares of the company's stock valued at $1,353,000 after buying an additional 9,007 shares during the period. 55.15% of the stock is owned by institutional investors.

Insider Activity at Estee Lauder Companies

In other Estee Lauder Companies news, Director Charlene Barshefsky sold 3,775 shares of the business's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $98.82, for a total value of $373,045.50. Following the transaction, the director directly owned 50,971 shares in the company, valued at $5,036,954.22. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rashida La Lande sold 7,766 shares of the company's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $103.32, for a total transaction of $802,383.12. Following the sale, the vice president owned 14,357 shares of the company's stock, valued at $1,483,365.24. This represents a 35.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 17,105 shares of company stock valued at $1,729,325. Corporate insiders own 13.05% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays upped their target price on Estee Lauder Companies from $80.00 to $97.00 and gave the company an "equal weight" rating in a report on Friday, August 21st. Wall Street Zen upgraded Estee Lauder Companies from a "hold" rating to a "buy" rating in a research report on Saturday. Jefferies Financial Group boosted their price target on shares of Estee Lauder Companies from $88.00 to $100.00 and gave the company a "hold" rating in a research note on Thursday, August 20th. The Goldman Sachs Group lifted their price target on Estee Lauder Companies from $100.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Finally, Telsey Advisory Group boosted their target price on Estee Lauder Companies from $90.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $104.67.

Estee Lauder Companies Stock Performance

Estee Lauder Companies stock traded down $1.20 during trading hours on Tuesday, reaching $97.02. 905,060 shares of the stock were exchanged, compared to its average volume of 3,893,478. The Estee Lauder Companies Inc. has a 52-week low of $66.22 and a 52-week high of $121.64. The stock has a market cap of $35.10 billion, a P/E ratio of 198.04, a P/E/G ratio of 1.13 and a beta of 1.28. The firm's 50 day moving average is $90.60 and its 200 day moving average is $85.63. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22.

Estee Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.55 billion. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. Analysts predict that The Estee Lauder Companies Inc. will post 3.3 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. Estee Lauder Companies's dividend payout ratio (DPR) is presently 285.71%.

About Estee Lauder Companies

The Estée Lauder Companies Inc is a global beauty company that develops, manufactures and markets prestige skincare, makeup, fragrance and hair-care products. Its portfolio includes Estée Lauder, Clinique, M·A·C, Bobbi Brown Cosmetics, La Mer, Jo Malone London, Aveda, Tom Ford Beauty and The Ordinary, among other brands.

Founded in 1946 by Estée and Joseph Lauder, the company began with four skincare products and has expanded into a broad international beauty business. Its products are sold through department and specialty stores, freestanding stores, e-commerce platforms, travel retail locations and other distribution channels.

Estée Lauder Companies serves consumers in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

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