CNB Bank Trims Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

CNB Bank decreased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 22.2% in the fourth quarter, HoldingsChannel.com reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EL. Rakuten Securities Inc. purchased a new position in Estée Lauder Companies in the 4th quarter worth $26,000. Arlington Trust Co LLC acquired a new stake in Estée Lauder Companies during the 3rd quarter worth about $32,000. Chilton Capital Management LLC acquired a new stake in Estée Lauder Companies during the 1st quarter worth about $37,000. Cornerstone Planning Group LLC acquired a new stake in Estée Lauder Companies during the 2nd quarter worth about $39,000. Finally, Exchange Traded Concepts LLC grew 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 worth $40,000 after purchasing an additional 266 shares during the period. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on EL. Oppenheimer reaffirmed a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. The Goldman Sachs Group started coverage on Estée Lauder Companies in a research report on Friday, March 1st. They set a “neutral” rating and a $145.00 target price on the stock. StockNews.com cut Estée Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Barclays raised their target price on Estée Lauder Companies from $141.00 to $146.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Finally, Telsey Advisory Group raised their target price on Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Estée Lauder Companies presently has an average rating of “Hold” and a consensus target price of $168.00.

Estée Lauder Companies Price Performance

EL traded down $0.40 during trading on Friday, reaching $144.41. The company’s stock had a trading volume of 2,324,673 shares, compared to its average volume of 2,137,922. 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 fifty day simple moving average of $146.58 and a two-hundred day simple moving average of $138.08. The Estée Lauder Companies Inc. has a 1 year low of $102.22 and a 1 year high of $260.46. The company has a market cap of $51.77 billion, a price-to-earnings ratio of 111.07, a PEG ratio of 3.77 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.33. The business 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%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. As a group, analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 EPS for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Wednesday, February 28th. Estée Lauder Companies’s payout ratio is presently 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.