Public Employees Retirement Association of Colorado Has $215.68 Million Stake in The Estée Lauder Companies Inc. (NYSE:EL)

Public Employees Retirement Association of Colorado trimmed its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 0.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 678,054 shares of the company’s stock after selling 2,491 shares during the period. The Estée Lauder Companies accounts for 0.9% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 23rd largest holding. Public Employees Retirement Association of Colorado’s holdings in The Estée Lauder Companies were worth $215,675,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in The Estée Lauder Companies by 1.5% during the second quarter. Vanguard Group Inc. now owns 17,720,159 shares of the company’s stock worth $5,636,428,000 after purchasing an additional 259,711 shares during the period. BlackRock Inc. boosted its position in shares of The Estée Lauder Companies by 4.6% in the second quarter. BlackRock Inc. now owns 15,374,746 shares of the company’s stock valued at $4,890,398,000 after acquiring an additional 681,085 shares during the period. FMR LLC boosted its position in shares of The Estée Lauder Companies by 0.5% in the second quarter. FMR LLC now owns 11,435,461 shares of the company’s stock valued at $3,637,391,000 after acquiring an additional 60,804 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of The Estée Lauder Companies by 13.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,886,251 shares of the company’s stock valued at $1,130,317,000 after acquiring an additional 461,104 shares during the period. Finally, Magellan Asset Management Ltd boosted its position in shares of The Estée Lauder Companies by 2.8% in the first quarter. Magellan Asset Management Ltd now owns 3,660,149 shares of the company’s stock valued at $1,064,554,000 after acquiring an additional 98,749 shares during the period. 56.00% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on EL. Deutsche Bank Aktiengesellschaft boosted their target price on shares of The Estée Lauder Companies from $322.00 to $347.00 and gave the company a “hold” rating in a research report on Friday, August 20th. Morgan Stanley boosted their target price on shares of The Estée Lauder Companies from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Monday, August 23rd. Stifel Nicolaus boosted their target price on shares of The Estée Lauder Companies from $325.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 20th. Credit Suisse Group upped their price objective on shares of The Estée Lauder Companies from $350.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, August 20th. Finally, Bank of America initiated coverage on shares of The Estée Lauder Companies in a research report on Tuesday, October 5th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $343.23.

NYSE EL traded up $6.30 during trading hours on Thursday, hitting $321.31. The company had a trading volume of 22,279 shares, compared to its average volume of 1,210,086. The Estée Lauder Companies Inc. has a 52 week low of $216.25 and a 52 week high of $347.82. The firm has a 50 day simple moving average of $325.29 and a 200 day simple moving average of $314.31. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.37 and a current ratio of 1.84. The firm has a market capitalization of $116.09 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 3.94 and a beta of 0.94.

The Estée Lauder Companies (NYSE:EL) last issued its earnings results on Wednesday, August 18th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.50 by $0.28. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.75 billion. The Estée Lauder Companies had a return on equity of 44.03% and a net margin of 17.70%. The firm’s revenue was up 62.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.53) EPS. On average, research analysts forecast that The Estée Lauder Companies Inc. will post 7.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were given a dividend of $0.53 per share. The ex-dividend date was Monday, August 30th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.66%. The Estée Lauder Companies’s dividend payout ratio (DPR) is presently 32.87%.

In other news, Director Barry S. Sternlicht sold 4,576 shares of The Estée Lauder Companies stock in a transaction dated Friday, August 20th. The stock was sold at an average price of $329.42, for a total transaction of $1,507,425.92. Following the completion of the sale, the director now owns 35,558 shares in the company, valued at approximately $11,713,516.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Zinterhofer Aerin Lauder Trust sold 184,293 shares of The Estée Lauder Companies stock in a transaction dated Wednesday, August 25th. The shares were sold at an average price of $335.95, for a total value of $61,913,233.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,728 shares of company stock valued at $72,868,619. Corporate insiders own 13.95% of the company’s stock.

About The Estée Lauder Companies

The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.

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Institutional Ownership by Quarter for The Estée Lauder Companies (NYSE:EL)

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