Parkside Financial Bank & Trust Has $127,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Parkside Financial Bank & Trust reduced its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 26.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 866 shares of the company’s stock after selling 307 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Estée Lauder Companies were worth $127,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Rakuten Securities Inc. acquired a new position in shares of Estée Lauder Companies in the 4th quarter worth approximately $26,000. Arlington Trust Co LLC bought a new position in Estée Lauder Companies in the 3rd quarter worth approximately $32,000. Exchange Traded Concepts LLC raised its position in Estée Lauder Companies by 1,900.0% in 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 last quarter. Sunbelt Securities Inc. raised its position in Estée Lauder Companies by 82.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after purchasing an additional 125 shares during the last quarter. Finally, Washington Trust Advisors Inc. raised its position in Estée Lauder Companies by 42.7% in the 3rd quarter. Washington Trust Advisors Inc. now owns 324 shares of the company’s stock worth $47,000 after purchasing an additional 97 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on EL. The Goldman Sachs Group began coverage on shares of Estée Lauder Companies in a research report on Friday, March 1st. They issued a “neutral” rating and a $145.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 price objective for the company. in a research report on Tuesday, January 2nd. Royal Bank of Canada upped their target price on shares of Estée Lauder Companies from $115.00 to $131.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 6th. Barclays upped their target price on shares of 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, Oppenheimer reiterated a “market perform” rating on shares of Estée Lauder Companies in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $168.00.

Estée Lauder Companies Price Performance

Shares of NYSE EL opened at $147.36 on Thursday. The firm has a market cap of $52.82 billion, a PE ratio of 113.35, a PEG ratio of 3.90 and a beta of 1.07. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.16. The Estée Lauder Companies Inc. has a 1-year low of $102.22 and a 1-year high of $253.24. The company has a fifty day moving average price of $146.84 and a 200 day moving average price of $138.16.

Estée Lauder Companies (NYSE:EL) last announced 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 firm had revenue of $4.28 billion during 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 company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 EPS. Research analysts predict that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current fiscal year.

Estée Lauder Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend 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.