The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Huntington National Bank

Huntington National Bank lowered its position in The Estée Lauder Companies Inc. (NYSE:EL) by 41.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,407 shares of the company’s stock after selling 1,682 shares during the quarter. Huntington National Bank’s holdings in Estée Lauder Companies were worth $180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. bought a new stake in shares of Estée Lauder Companies in the fourth quarter worth $29,000. Deseret Mutual Benefit Administrators increased its position in shares of Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after purchasing an additional 158 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Estée Lauder Companies in the 4th quarter valued at about $30,000. Eagle Bay Advisors LLC lifted its position in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Estée Lauder Companies by 42.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock worth $36,000 after purchasing an additional 141 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Akhil Shrivastava purchased 700 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $65.79 per share, with a total value of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares of the company’s stock, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul J. Fribourg acquired 43,000 shares of Estée Lauder Companies stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, the director now directly owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. This represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company’s stock.

Estée Lauder Companies Price Performance

Shares of NYSE:EL opened at $52.89 on Friday. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of -27.12, a PEG ratio of 6.09 and a beta of 1.10. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The Estée Lauder Companies Inc. has a 12 month low of $51.48 and a 12 month high of $149.91. The stock’s 50 day moving average price is $70.31 and its 200 day moving average price is $76.35.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.98 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Equities research 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 firm 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 2.65%. Estée Lauder Companies’s dividend payout ratio is currently -71.79%.

Analysts Set New Price Targets

EL has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $76.00 target price on shares of Estée Lauder Companies in a report on Tuesday, February 4th. UBS Group raised 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. CICC Research assumed coverage on shares of Estée Lauder Companies in a research note on Friday, December 27th. They set a “market perform” rating and a $82.00 target price for the company. Wells Fargo & Company raised their price target on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research report on Friday, January 31st. Twenty analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.00.

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.