The Estée Lauder Companies Inc. (NYSE:EL) Stock Holdings Cut by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund reduced its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,687 shares of the company’s stock after selling 589 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Estée Lauder Companies were worth $1,185,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Riverview Trust Co bought a new stake in shares of Estée Lauder Companies during the 1st quarter worth $26,000. Rakuten Securities Inc. acquired a new stake in shares of Estée Lauder Companies in the fourth quarter worth $26,000. Hexagon Capital Partners LLC boosted its position in shares of Estée Lauder Companies by 103.1% in the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Estée Lauder Companies in the first quarter worth $35,000. Finally, Chilton Capital Management LLC boosted its position in shares of Estée Lauder Companies by 163.0% in the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after buying an additional 163 shares during the period. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Stock Down 0.9 %

NYSE EL traded down $0.88 during trading on Monday, hitting $99.84. 655,129 shares of the company traded hands, compared to its average volume of 2,815,005. The Estée Lauder Companies Inc. has a 12 month low of $95.87 and a 12 month high of $183.20. The business has a fifty day simple moving average of $112.59 and a 200 day simple moving average of $131.44. 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 company has a market capitalization of $35.80 billion, a P/E ratio of 55.77, a PEG ratio of 1.85 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.49. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. As a group, sell-side analysts predict that The Estée Lauder Companies Inc. will post 2.21 EPS for the current year.

Estée Lauder Companies Announces Dividend

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

Analyst Ratings Changes

EL has been the subject of several recent analyst reports. Raymond James cut Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. decreased their target price on Estée Lauder Companies from $145.00 to $129.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Piper Sandler decreased their target price on Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Canaccord Genuity Group decreased their target price on Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a research report on Thursday, May 2nd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $115.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, July 24th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and a consensus price target of $147.87.

Insider Activity

In other news, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the sale, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Peter Jueptner sold 12,786 shares of Estée Lauder Companies 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 of the company’s stock, valued at $728,598.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $121.26, for a total value of $1,815,989.76. Following the sale, the executive vice president now directly owns 57,389 shares in the company, valued at $6,958,990.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,255 shares of company stock valued at $5,453,232. 12.77% of the stock is owned by insiders.

About Estée Lauder Companies

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.