OLD National Bancorp IN Has $3.91 Million Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

OLD National Bancorp IN increased its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 1,136.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,143 shares of the company’s stock after acquiring an additional 47,926 shares during the period. OLD National Bancorp IN’s holdings in Estée Lauder Companies were worth $3,910,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Murphy Pohlad Asset Management LLC acquired a new position in shares of Estée Lauder Companies during the fourth quarter worth about $2,544,000. Washington Capital Management Inc. acquired a new position in Estée Lauder Companies during the 4th quarter worth approximately $352,000. VCI Wealth Management LLC acquired a new position in Estée Lauder Companies during the 4th quarter worth approximately $568,000. Union Bancaire Privee UBP SA bought a new position in shares of Estée Lauder Companies during the 4th quarter worth approximately $50,000. Finally, Blue Trust Inc. raised its holdings in shares of Estée Lauder Companies by 8.7% in the fourth quarter. Blue Trust Inc. now owns 1,853 shares of the company’s stock valued at $139,000 after purchasing an additional 148 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EL. The Goldman Sachs Group decreased their target price on shares of Estée Lauder Companies from $100.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. CICC Research initiated coverage on Estée Lauder Companies in a research report on Friday, December 27th. They issued a “market perform” rating and a $82.00 target price on the stock. Canaccord Genuity Group reduced their price target on Estée Lauder Companies from $100.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, November 1st. TD Cowen lowered their price target on Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $76.00 price objective on shares of Estée Lauder Companies in a report on Tuesday. Twenty investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $92.95.

Insiders Place Their Bets

In related news, Director Paul J. Fribourg acquired 75,500 shares of the company’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $64.93 per share, with a total value of $4,902,215.00. Following the acquisition, the director now directly owns 310,000 shares of the company’s stock, valued at approximately $20,128,300. The trade was a 32.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.78% of the company’s stock.

Estée Lauder Companies Stock Performance

NYSE:EL opened at $85.44 on Friday. The stock has a 50 day simple moving average of $76.45 and a 200 day simple moving average of $84.18. The stock has a market cap of $30.67 billion, a P/E ratio of 152.56, a PEG ratio of 5.60 and a beta of 1.02. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a return on equity of 17.31% and a net margin of 1.31%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the firm earned $0.11 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis. Research analysts anticipate that The Estée Lauder Companies Inc. will post 1.51 earnings per share for the current year.

About Estée Lauder Companies

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.