The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lessened its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,724 shares of the company’s stock after selling 527 shares during the period. OLD National Bancorp IN’s holdings in Estée Lauder Companies were worth $545,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Estée Lauder Companies by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 18,626,625 shares of the company’s stock valued at $2,692,479,000 after acquiring an additional 140,488 shares during the period. FMR LLC increased its position in Estée Lauder Companies by 35.4% in the 3rd quarter. FMR LLC now owns 5,311,174 shares of the company’s stock valued at $767,730,000 after acquiring an additional 1,387,271 shares during the period. Morgan Stanley increased its position in Estée Lauder Companies by 6.0% in the 3rd quarter. Morgan Stanley now owns 4,483,459 shares of the company’s stock valued at $648,085,000 after acquiring an additional 254,198 shares during the period. Lazard Asset Management LLC increased its position in Estée Lauder Companies by 68.5% in the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock valued at $537,850,000 after acquiring an additional 1,512,982 shares during the period. Finally, Brown Advisory Inc. increased its position in Estée Lauder Companies by 1.7% in the 3rd quarter. Brown Advisory Inc. now owns 3,080,352 shares of the company’s stock valued at $445,265,000 after acquiring an additional 51,039 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

EL stock opened at $147.36 on Thursday. The Estée Lauder Companies Inc. has a 1 year low of $102.22 and a 1 year high of $253.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The stock’s 50 day moving average price is $146.84 and its 200 day moving average price is $138.16. The firm has a market cap of $52.82 billion, a P/E ratio of 113.35, a PEG ratio of 3.90 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.33. The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.19 billion. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. Estée Lauder Companies’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.54 EPS. On average, sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 annualized dividend and a yield of 1.79%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 203.08%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Bank of America upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $160.00 to $170.00 in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft lowered Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 price objective on the stock. in a report on Tuesday, January 2nd. Raymond James lifted their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 6th. The Goldman Sachs Group initiated coverage on Estée Lauder Companies in a report on Friday, March 1st. They issued a “neutral” rating and a $145.00 price objective on the stock. Finally, StockNews.com lowered Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and an average price target of $168.00.

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.