Louisiana State Employees Retirement System lessened its holdings in shares of Estee Lauder Companies Inc (NYSE:EL) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,000 shares of the company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Estee Lauder Companies were worth $2,055,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Thor Advisors LLC acquired a new stake in shares of Estee Lauder Companies during the 1st quarter worth approximately $37,000. Machina Capital S.A.S. acquired a new stake in shares of Estee Lauder Companies during the 4th quarter worth approximately $30,000. Anderson Fisher LLC acquired a new stake in Estee Lauder Companies in the first quarter valued at approximately $43,000. Trust Co. of Vermont boosted its position in Estee Lauder Companies by 112.1% in the first quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock valued at $44,000 after buying an additional 139 shares in the last quarter. Finally, Motco boosted its position in Estee Lauder Companies by 45.8% in the first quarter. Motco now owns 277 shares of the company’s stock valued at $46,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 54.18% of the company’s stock.

Several research firms have recently issued reports on EL. Royal Bank of Canada set a $42.00 price target on shares of Devon Energy and gave the company a “hold” rating in a research note on Thursday, May 2nd. Macquarie downgraded shares of Janus Henderson Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 2nd. Credit Suisse Group reissued a “buy” rating and set a $19.50 target price on shares of Infineon Technologies in a research note on Thursday, May 2nd. BMO Capital Markets raised shares of TMAC Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 2nd. Finally, Citigroup downgraded shares of BCE from a “buy” rating to a “neutral” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. Estee Lauder Companies has an average rating of “Buy” and an average price target of $171.95.

In other news, Director Lynn Forester sold 10,000 shares of Estee Lauder Companies stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $172.48, for a total transaction of $1,724,800.00. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at $2,414,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Zinterhofer Aerin Lauder Trust sold 2,800,000 shares of Estee Lauder Companies stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $166.21, for a total transaction of $465,388,000.00. The disclosure for this sale can be found here. Insiders sold 3,036,232 shares of company stock valued at $505,105,319 over the last 90 days. Corporate insiders own 16.13% of the company’s stock.

NYSE:EL opened at $190.87 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.69 and a quick ratio of 1.26. The firm has a market capitalization of $68.59 billion, a PE ratio of 42.32, a price-to-earnings-growth ratio of 2.53 and a beta of 0.82. The business has a fifty day moving average of $183.67. Estee Lauder Companies Inc has a 12 month low of $121.47 and a 12 month high of $192.97.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.25. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Estee Lauder Companies had a net margin of 12.45% and a return on equity of 43.52%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.17 earnings per share. On average, research analysts forecast that Estee Lauder Companies Inc will post 5.22 EPS for the current year.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

Further Reading: Different Types of Derivatives

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

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