1ST Source Bank Sells 389 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

1ST Source Bank lowered its position in The Estée Lauder Companies Inc. (NYSE:EL) by 4.3% in the third quarter, HoldingsChannel.com reports. The fund owned 8,671 shares of the company’s stock after selling 389 shares during the quarter. 1ST Source Bank’s holdings in Estée Lauder Companies were worth $864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EL. Rothschild Investment LLC bought a new stake in Estée Lauder Companies during the 2nd quarter worth about $30,000. PARK CIRCLE Co acquired a new position in shares of Estée Lauder Companies during the second quarter worth approximately $32,000. Kimelman & Baird LLC bought a new stake in shares of Estée Lauder Companies during the second quarter valued at approximately $32,000. Ashton Thomas Securities LLC acquired a new stake in shares of Estée Lauder Companies in the third quarter valued at approximately $31,000. Finally, Chilton Capital Management LLC raised its position in Estée Lauder Companies by 63.9% in the 2nd quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Estée Lauder Companies Stock Performance

Shares of EL opened at $80.04 on Friday. The stock has a market capitalization of $28.73 billion, a price-to-earnings ratio of 142.93, a PEG ratio of 5.33 and a beta of 1.05. The Estée Lauder Companies Inc. has a 12 month low of $62.29 and a 12 month high of $159.75. The firm has a fifty day simple moving average of $78.25 and a 200 day simple moving average of $92.85. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. Research analysts forecast that The Estée Lauder Companies Inc. will post 1.46 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.75%. Estée Lauder Companies’s payout ratio is 250.00%.

Insider Activity at Estée Lauder Companies

In other news, CEO Fabrizio Freda sold 10,969 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $67.76, for a total transaction of $743,259.44. Following the transaction, the chief executive officer now directly owns 295,838 shares of the company’s stock, valued at approximately $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg purchased 77,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the completion of the purchase, the director now owns 234,500 shares of the company’s stock, valued at $15,010,345. This trade represents a 49.36 % increase in their position. The disclosure for this purchase can be found here. 12.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EL has been the subject of a number of recent research reports. Piper Sandler boosted their target price on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft reduced their price target on Estée Lauder Companies from $98.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada cut their target price on Estée Lauder Companies from $131.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Citigroup lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $80.00 in a research report on Thursday, October 31st. Finally, UBS Group cut their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $98.57.

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.