1ST Source Bank Has $558,000 Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

1ST Source Bank decreased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 14.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,436 shares of the company’s stock after selling 1,235 shares during the quarter. 1ST Source Bank’s holdings in Estée Lauder Companies were worth $558,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new position in Estée Lauder Companies during the 4th quarter worth $29,000. Deseret Mutual Benefit Administrators lifted its holdings 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. Golden State Wealth Management LLC bought a new stake in shares of Estée Lauder Companies during the 4th quarter valued at $30,000. Eagle Bay Advisors LLC raised its position in shares of Estée Lauder Companies by 297.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company’s stock valued at $30,000 after acquiring an additional 300 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company’s stock valued at $36,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

In other news, CFO Akhil Shrivastava bought 700 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $65.79 per share, for a total transaction of $46,053.00. Following the purchase, the chief financial officer now owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. This trade represents a 41.64 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg bought 43,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price 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 in the company, valued at $28,583,580. The trade was a 11.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on EL shares. JPMorgan Chase & Co. upped their target price on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. UBS Group upped their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Stifel Nicolaus dropped their target price on shares of Estée Lauder Companies from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. DA Davidson reiterated a “buy” rating and set a $81.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company upped their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Estée Lauder Companies presently has an average rating of “Hold” and a consensus price target of $86.00.

Estée Lauder Companies Trading Up 3.7 %

Estée Lauder Companies stock opened at $68.97 on Tuesday. The firm has a 50-day moving average of $73.45 and a 200-day moving average of $78.49. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $155.73. 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 company has a market cap of $24.76 billion, a price-to-earnings ratio of -35.37, a P/E/G ratio of 6.09 and a beta of 1.08.

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 negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the business posted $0.88 EPS. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

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 dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.03%. Estée Lauder Companies’s dividend payout ratio is -71.79%.

About Estée Lauder Companies

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.