Huntington National Bank Has $180,000 Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Huntington National Bank reduced its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 41.1% in the 4th quarter, Holdings Channel reports. The fund owned 2,407 shares of the company’s stock after selling 1,682 shares during the period. Huntington National Bank’s holdings in Estée Lauder Companies were worth $180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Estée Lauder Companies by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 27,014,303 shares of the company’s stock worth $2,025,532,000 after purchasing an additional 2,344,210 shares in the last quarter. State Street Corp grew its holdings in shares of Estée Lauder Companies by 9.5% during the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company’s stock valued at $1,054,314,000 after acquiring an additional 913,470 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Estée Lauder Companies by 23.6% in the fourth quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company’s stock worth $374,630,000 after acquiring an additional 954,493 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Estée Lauder Companies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 4,796,317 shares of the company’s stock worth $358,515,000 after purchasing an additional 117,163 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Estée Lauder Companies in the 4th quarter valued at approximately $251,304,000. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Insiders Place Their Bets

In other Estée Lauder Companies news, CFO Akhil Shrivastava acquired 700 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the transaction, the chief financial officer now owns 2,381 shares in the company, valued at $156,645.99. This trade represents a 41.64 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the acquisition, the director now directly owns 430,800 shares of the company’s stock, valued at approximately $28,583,580. The trade was 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.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Morgan Stanley reduced their price objective on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Telsey Advisory Group restated 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 increased their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of Estée Lauder Companies in a report on Friday, January 31st. Twenty analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Price Performance

Shares of EL stock opened at $52.89 on Friday. The stock has a 50 day moving average of $70.31 and a two-hundred day moving average of $76.35. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $18.99 billion, a P/E ratio of -27.12, a P/E/G ratio of 6.09 and a beta of 1.10. The Estée Lauder Companies Inc. has a 12 month low of $51.48 and a 12 month high of $149.91.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. As a group, equities analysts expect that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Friday, February 28th. Estée Lauder Companies’s payout ratio is -71.79%.

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.