Huntington National Bank Sells 235 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Huntington National Bank reduced its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,089 shares of the company’s stock after selling 235 shares during the period. Huntington National Bank’s holdings in Estée Lauder Companies were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Estée Lauder Companies during the 2nd quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in Estée Lauder Companies in the third quarter valued at $31,000. PARK CIRCLE Co bought a new position in Estée Lauder Companies during the 2nd quarter worth $32,000. Kimelman & Baird LLC acquired a new position in Estée Lauder Companies during the 2nd quarter worth about $32,000. Finally, Crewe Advisors LLC bought a new stake in shares of Estée Lauder Companies in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Down 1.7 %

Shares of NYSE EL opened at $63.75 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The stock has a market capitalization of $22.88 billion, a P/E ratio of 113.91, a P/E/G ratio of 3.80 and a beta of 1.05. The company has a 50-day moving average price of $84.66 and a 200-day moving average price of $100.85.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. On average, equities research analysts forecast that The Estée Lauder Companies Inc. will post 1.59 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is currently 471.43%.

Wall Street Analysts Forecast Growth

EL has been the subject of a number of analyst reports. Canaccord Genuity Group lowered their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating for the company in a report on Monday, November 4th. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. HSBC downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 target price for the company. in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. cut shares of Estée Lauder Companies from an “overweight” rating to a “neutral” rating and cut their price target for the company from $113.00 to $74.00 in a research report on Friday, November 1st. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $100.90.

Insiders Place Their Bets

In related news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the sale, the director now directly owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 6.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,296 shares of company stock valued at $1,423,366 in the last three months. 12.78% of the stock is currently owned by insiders.

Estée Lauder Companies Company 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.