The Estee Lauder Companies Inc. (NYSE:EL) Holdings Reduced by Fifth Third Bancorp

Fifth Third Bancorp decreased its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 24.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,767 shares of the company's stock after selling 4,360 shares during the period. Fifth Third Bancorp's holdings in Estee Lauder Companies were worth $909,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Bard Financial Services Inc. increased its stake in shares of Estee Lauder Companies by 39.5% in the 1st quarter. Bard Financial Services Inc. now owns 36,305 shares of the company's stock worth $2,396,000 after acquiring an additional 10,285 shares during the last quarter. Terra Alpha Investments LLC grew its holdings in shares of Estee Lauder Companies by 4.8% in the first quarter. Terra Alpha Investments LLC now owns 18,945 shares of the company's stock valued at $1,250,000 after purchasing an additional 860 shares during the period. GAMMA Investing LLC increased its position in Estee Lauder Companies by 27.0% during the first quarter. GAMMA Investing LLC now owns 3,620 shares of the company's stock worth $239,000 after purchasing an additional 770 shares during the last quarter. Farther Finance Advisors LLC increased its position in Estee Lauder Companies by 41.0% during the first quarter. Farther Finance Advisors LLC now owns 787 shares of the company's stock worth $53,000 after purchasing an additional 229 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in Estee Lauder Companies by 21.5% during the first quarter. Park Avenue Securities LLC now owns 5,222 shares of the company's stock worth $345,000 after purchasing an additional 924 shares during the period. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EL. UBS Group raised their price target on shares of Estee Lauder Companies from $60.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Wall Street Zen downgraded Estee Lauder Companies from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. lowered their price target on Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays raised their price objective on Estee Lauder Companies from $56.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. Finally, Canaccord Genuity Group decreased their target price on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Estee Lauder Companies presently has a consensus rating of "Hold" and a consensus price target of $75.15.

Estee Lauder Companies Stock Up 0.5%

Shares of NYSE EL traded up $0.39 during mid-day trading on Friday, hitting $75.11. The company had a trading volume of 2,470,554 shares, compared to its average volume of 4,092,395. The business's 50-day simple moving average is $63.45 and its 200 day simple moving average is $68.97. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.41 and a quick ratio of 1.02. The company has a market capitalization of $27.02 billion, a PE ratio of -31.05, a price-to-earnings-growth ratio of 9.33 and a beta of 1.12. The Estee Lauder Companies Inc. has a 1-year low of $48.37 and a 1-year high of $115.82.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The company's revenue was down 9.9% compared to the same quarter last year. On average, analysts predict that The Estee Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estee Lauder Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Friday, May 30th. Estee Lauder Companies's dividend payout ratio (DPR) is currently -57.85%.

Estee 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.