1ST Source Bank Has $558,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

1ST Source Bank lowered its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 14.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,436 shares of the company’s stock after selling 1,235 shares during the period. 1ST Source Bank’s holdings in Estée Lauder Companies were worth $558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Estée Lauder Companies by 9.5% in the third quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after buying an additional 913,470 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Estée Lauder Companies by 79.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after buying an additional 2,533,006 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Estée Lauder Companies by 23.6% in the fourth quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company’s stock worth $374,630,000 after buying an additional 954,493 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Estée Lauder Companies by 1.5% in the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock worth $464,587,000 after buying an additional 70,307 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Estée Lauder Companies by 81.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock worth $222,807,000 after buying an additional 1,330,840 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, CFO Akhil Shrivastava bought 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $65.79 per share, with a total value of $46,053.00. Following the acquisition, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul J. Fribourg bought 43,000 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the acquisition, the director now directly owns 430,800 shares in the company, valued at $28,583,580. This represents a 11.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by company insiders.

Estée Lauder Companies Trading Up 3.7 %

EL stock opened at $68.97 on Tuesday. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $155.73. The firm has a market cap of $24.76 billion, a P/E ratio of -35.37, a P/E/G ratio of 6.09 and a beta of 1.08. The business’s 50 day moving average is $73.45 and its 200-day moving average is $78.49. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.30. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the company posted $0.88 EPS. The company’s revenue was down 6.4% compared to the same quarter last year. Equities analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.03%. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EL. Stifel Nicolaus reduced their price target on Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. UBS Group lifted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley dropped their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies currently has an average rating of “Hold” and a consensus target price of $86.00.

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