Independence Bank of Kentucky Has $216,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Independence Bank of Kentucky cut its stake in shares of The Estée Lauder Companies Inc. (NYSE:ELFree Report) by 52.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,480 shares of the company’s stock after selling 1,613 shares during the period. Independence Bank of Kentucky’s holdings in Estée Lauder Companies were worth $216,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Estée Lauder Companies by 0.8% during the third quarter. Vanguard Group Inc. now owns 18,626,625 shares of the company’s stock worth $2,692,479,000 after acquiring an additional 140,488 shares during the last quarter. State Street Corp increased its holdings in shares of Estée Lauder Companies by 1.9% during the second quarter. State Street Corp now owns 10,019,387 shares of the company’s stock worth $1,967,607,000 after purchasing an additional 184,641 shares during the period. Morgan Stanley increased its holdings in shares of Estée Lauder Companies by 20.0% during the fourth quarter. Morgan Stanley now owns 7,009,269 shares of the company’s stock worth $1,739,070,000 after purchasing an additional 1,167,553 shares during the period. FMR LLC increased its holdings in shares of Estée Lauder Companies by 35.4% during the third quarter. FMR LLC now owns 5,311,174 shares of the company’s stock worth $767,730,000 after purchasing an additional 1,387,271 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of Estée Lauder Companies by 3.1% during the second quarter. Royal Bank of Canada now owns 4,867,672 shares of the company’s stock worth $955,912,000 after purchasing an additional 146,006 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on EL. The Goldman Sachs Group began coverage on shares of Estée Lauder Companies in a report on Friday, March 1st. They set a “neutral” rating and a $145.00 target price on the stock. Citigroup raised shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $160.00 to $175.00 in a report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Estée Lauder Companies from $150.00 to $167.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. StockNews.com cut shares of Estée Lauder Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Finally, Barclays raised their target price on shares of Estée Lauder Companies from $101.00 to $121.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus price target of $166.46.

Read Our Latest Research Report on EL

Estée Lauder Companies Stock Performance

NYSE EL opened at $146.34 on Thursday. The firm’s fifty day moving average price is $145.37 and its two-hundred day moving average price is $138.30. The stock has a market cap of $52.46 billion, a PE ratio of 112.57, a PEG ratio of 3.96 and a beta of 1.07. The Estée Lauder Companies Inc. has a fifty-two week low of $102.22 and a fifty-two week high of $260.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36.

Estée Lauder Companies (NYSE:ELGet Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.19 billion. Estée Lauder Companies had a net margin of 3.08% and a return on equity of 9.78%. Estée Lauder Companies’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 2.23 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.80%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 203.08%.

About Estée Lauder Companies

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Estée Lauder Companies (NYSE:EL)

Receive News & Ratings for Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter.