CNB Bank Sells 228 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

CNB Bank lessened its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 801 shares of the company’s stock after selling 228 shares during the period. CNB Bank’s holdings in Estée Lauder Companies were worth $117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EL. Rakuten Securities Inc. bought a new position in Estée Lauder Companies during the 4th quarter valued at approximately $26,000. Arlington Trust Co LLC bought a new position in Estée Lauder Companies during the 3rd quarter valued at approximately $32,000. Chilton Capital Management LLC bought a new position in Estée Lauder Companies during the 1st quarter valued at approximately $37,000. Cornerstone Planning Group LLC bought a new position in Estée Lauder Companies during the 2nd quarter valued at approximately $39,000. Finally, Exchange Traded Concepts LLC increased its position in Estée Lauder Companies by 1,900.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock valued at $40,000 after buying an additional 266 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on EL shares. Royal Bank of Canada increased their target price on Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 6th. Barclays increased their target price on Estée Lauder Companies from $141.00 to $146.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. Bank of America upgraded Estée Lauder Companies from a “neutral” rating to a “buy” rating and increased their target price for the company from $160.00 to $170.00 in a research note on Thursday, March 28th. StockNews.com downgraded Estée Lauder Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Finally, Raymond James increased their target price on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Estée Lauder Companies has an average rating of “Hold” and an average price target of $168.00.

Estée Lauder Companies Stock Performance

NYSE:EL traded down $0.40 during mid-day trading on Friday, hitting $144.41. 2,324,673 shares of the company traded hands, compared to its average volume of 2,137,922. The stock’s fifty day moving average price is $146.58 and its 200-day moving average price is $138.08. The Estée Lauder Companies Inc. has a one year low of $102.22 and a one year high of $260.46. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16. The firm has a market cap of $51.77 billion, a price-to-earnings ratio of 111.07, a price-to-earnings-growth ratio of 3.77 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last released its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. Estée Lauder Companies’s revenue for the quarter was down 7.4% on a year-over-year basis. Research analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 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 Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 annualized dividend and a dividend yield of 1.83%. Estée Lauder Companies’s payout ratio is 203.08%.

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.