The Estée Lauder Companies Inc. (NYSE:EL) Stock Holdings Increased by OLD National Bancorp IN

OLD National Bancorp IN lifted its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 22.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,677 shares of the company’s stock after purchasing an additional 11,534 shares during the quarter. OLD National Bancorp IN’s holdings in Estée Lauder Companies were worth $4,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in EL. Peterson Wealth Services lifted its position in Estée Lauder Companies by 9.8% during the 4th quarter. Peterson Wealth Services now owns 1,506 shares of the company’s stock worth $113,000 after buying an additional 134 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Estée Lauder Companies by 47.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company’s stock worth $36,000 after buying an additional 154 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in Estée Lauder Companies by 68.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company’s stock worth $29,000 after buying an additional 158 shares in the last quarter. Utah Retirement Systems lifted its position in Estée Lauder Companies by 0.5% during the 4th quarter. Utah Retirement Systems now owns 38,236 shares of the company’s stock worth $2,867,000 after buying an additional 200 shares in the last quarter. Finally, First Hawaiian Bank raised its holdings in Estée Lauder Companies by 2.9% during the 1st quarter. First Hawaiian Bank now owns 7,200 shares of the company’s stock worth $475,000 after purchasing an additional 200 shares during the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on EL shares. Royal Bank of Canada dropped their price objective on Estée Lauder Companies from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. B. Riley reissued a “neutral” rating and set a $60.00 price objective (down from $70.00) on shares of Estée Lauder Companies in a report on Friday, May 2nd. Wells Fargo & Company dropped their price objective on Estée Lauder Companies from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Barclays boosted their price objective on Estée Lauder Companies from $56.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Estée Lauder Companies from $72.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.15.

Estée Lauder Companies Price Performance

NYSE EL opened at $68.56 on Monday. The firm’s 50 day moving average is $60.49 and its 200-day moving average is $69.00. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $24.66 billion, a PE ratio of -35.16, a price-to-earnings-growth ratio of 6.09 and a beta of 1.12. The Estée Lauder Companies Inc. has a 12-month low of $48.37 and a 12-month high of $120.19.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.36. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business earned $0.97 EPS. The company’s revenue was down 9.9% 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. Estée Lauder Companies’s dividend payout ratio is -57.85%.

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.