PNC Financial Services Group Inc. Has $13.91 Million Stake in The Estée Lauder Companies Inc. (NYSE:EL)

PNC Financial Services Group Inc. trimmed its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,114 shares of the company’s stock after selling 7,139 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Estée Lauder Companies were worth $13,910,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EL. MGO One Seven LLC boosted its position in shares of Estée Lauder Companies by 7.4% in the third quarter. MGO One Seven LLC now owns 3,496 shares of the company’s stock valued at $505,000 after acquiring an additional 241 shares during the period. Signaturefd LLC raised its position in shares of Estée Lauder Companies by 35.3% during the third quarter. Signaturefd LLC now owns 3,595 shares of the company’s stock valued at $520,000 after buying an additional 937 shares during the last quarter. Syon Capital LLC bought a new stake in shares of Estée Lauder Companies in the third quarter valued at about $329,000. NBC Securities Inc. acquired a new stake in Estée Lauder Companies during the third quarter worth about $66,000. Finally, Pinnacle Financial Partners Inc increased its stake in Estée Lauder Companies by 1,441.8% during the third quarter. Pinnacle Financial Partners Inc now owns 43,740 shares of the company’s stock valued at $6,323,000 after acquiring an additional 40,903 shares during the period. 55.15% of the stock is owned by institutional investors.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $130.81 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The Estée Lauder Companies Inc. has a 52 week low of $102.22 and a 52 week high of $204.41. The company’s 50 day moving average price is $141.58 and its two-hundred day moving average price is $138.54. The company has a market capitalization of $46.90 billion, a P/E ratio of 73.49, a price-to-earnings-growth ratio of 3.63 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.49. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Estée Lauder Companies had a return on equity of 13.08% and a net margin of 4.18%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. On average, analysts expect that The Estée Lauder Companies Inc. will post 2.22 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.66 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.64 annualized dividend and a yield of 2.02%. Estée Lauder Companies’s dividend payout ratio is 148.32%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Telsey Advisory Group reissued a “market perform” rating and set a $155.00 price objective on shares of Estée Lauder Companies in a report on Wednesday, May 1st. Bernstein Bank lifted their target price on shares of Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Estée Lauder Companies from $160.00 to $159.00 in a research note on Wednesday, May 1st. Raymond James increased their target price on Estée Lauder Companies from $150.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 6th. Finally, Canaccord Genuity Group dropped their price objective on Estée Lauder Companies from $140.00 to $131.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. Sixteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Estée Lauder Companies presently has a consensus rating of “Hold” and an average price target of $160.92.

Insider Activity

In other Estée Lauder Companies news, CFO Tracey Thomas Travis sold 14,493 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total value of $1,967,134.89. Following the transaction, the chief financial officer now directly owns 47,248 shares in the company, valued at $6,412,971.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 12.77% of the company’s stock.

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