Texas Permanent School Fund Corp Acquires 650 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Texas Permanent School Fund Corp lifted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,149 shares of the company’s stock after purchasing an additional 650 shares during the period. Texas Permanent School Fund Corp’s holdings in Estée Lauder Companies were worth $7,422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. raised its stake in Estée Lauder Companies by 8.3% during the 1st quarter. Wetzel Investment Advisors Inc. now owns 885 shares of the company’s stock worth $128,000 after buying an additional 68 shares during the period. Tradewinds Capital Management LLC grew its position in shares of Estée Lauder Companies by 34.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 295 shares of the company’s stock valued at $45,000 after purchasing an additional 75 shares during the period. Cullen Frost Bankers Inc. increased its stake in Estée Lauder Companies by 0.5% during the 4th quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company’s stock worth $2,440,000 after purchasing an additional 76 shares in the last quarter. Haverford Trust Co raised its holdings in Estée Lauder Companies by 2.3% during the 1st quarter. Haverford Trust Co now owns 3,409 shares of the company’s stock worth $525,000 after buying an additional 78 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Estée Lauder Companies by 25.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company’s stock valued at $62,000 after buying an additional 82 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Insiders Place Their Bets

In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were 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 in the company, valued at $728,598.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Estée Lauder Companies news, insider Peter Jueptner sold 12,786 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were 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 in the company, valued at $728,598.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jane Lauder sold 14,976 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the sale, the executive vice president now owns 57,389 shares in the company, valued at $6,958,990.14. The disclosure for this sale can be found here. Insiders have sold 42,255 shares of company stock worth $5,453,232 over the last ninety days. Corporate insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of EL stock traded down $0.60 on Thursday, hitting $101.61. The company’s stock had a trading volume of 4,285,164 shares, compared to its average volume of 2,811,488. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The stock’s 50 day moving average is $119.79 and its 200-day moving average is $134.79. The Estée Lauder Companies Inc. has a fifty-two week low of $101.35 and a fifty-two week high of $196.04. The company has a market capitalization of $36.43 billion, a PE ratio of 57.08, a PEG ratio of 1.76 and a beta of 0.99.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.48 by $0.49. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the company posted $0.47 earnings per share. Estée Lauder Companies’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were paid a dividend of $0.66 per share. The ex-dividend date was Friday, May 31st. This represents a $2.64 dividend on an annualized basis and a yield of 2.60%. Estée Lauder Companies’s payout ratio is 148.32%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EL shares. DA Davidson reiterated a “buy” rating and issued a $191.00 price target on shares of Estée Lauder Companies in a report on Monday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of Estée Lauder Companies from $169.00 to $145.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Piper Sandler reduced their price target on shares of Estée Lauder Companies from $141.00 to $108.00 and set a “neutral” rating for the company in a report on Thursday. Morgan Stanley cut shares of Estée Lauder Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $164.00 to $140.00 in a report on Friday, May 3rd. Finally, Bernstein Bank increased their target price on shares of Estée Lauder Companies from $155.00 to $160.00 in a report on Wednesday, May 1st. Sixteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.00.

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