Estee Lauder Companies, Inc. (The) (EL) Stake Lowered by Banque Pictet & Cie SA

Banque Pictet & Cie SA lessened its holdings in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 18.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,020 shares of the company’s stock after selling 1,159 shares during the period. Banque Pictet & Cie SA’s holdings in Estee Lauder Companies, Inc. (The) were worth $541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Swiss National Bank lifted its stake in shares of Estee Lauder Companies, Inc. (The) by 3.1% in the 2nd quarter. Swiss National Bank now owns 812,196 shares of the company’s stock valued at $77,955,000 after purchasing an additional 24,600 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Estee Lauder Companies, Inc. (The) by 3.5% in the 2nd quarter. Prudential Financial Inc. now owns 323,600 shares of the company’s stock valued at $31,060,000 after buying an additional 10,921 shares during the period. Comgest Global Investors S.A.S. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) in the 2nd quarter valued at $2,266,000. Clinton Group Inc. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) in the 2nd quarter valued at $529,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Estee Lauder Companies, Inc. (The) by 146.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,975 shares of the company’s stock valued at $124,963,000 after buying an additional 773,666 shares during the period. 56.26% of the stock is currently owned by institutional investors and hedge funds.

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Estee Lauder Companies, Inc. (NYSE EL) traded down $0.95 during trading on Friday, reaching $124.69. The company’s stock had a trading volume of 2,208,958 shares, compared to its average volume of 2,138,977. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $126.99. The company has a quick ratio of 1.27, a current ratio of 1.75 and a debt-to-equity ratio of 0.71. The firm has a market cap of $45,915.35, a PE ratio of 32.39, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. Estee Lauder Companies, Inc. (The) had a return on equity of 33.64% and a net margin of 11.30%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. equities analysts predict that Estee Lauder Companies, Inc. will post 4.16 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.22%. This is a boost from Estee Lauder Companies, Inc. (The)’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, November 29th. Estee Lauder Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 36.76%.

Several equities research analysts have weighed in on EL shares. Royal Bank Of Canada set a $100.00 price target on Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, August 9th. BidaskClub upgraded Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Deutsche Bank AG restated a “buy” rating and set a $108.00 price target (up previously from $102.00) on shares of Estee Lauder Companies, Inc. (The) in a report on Saturday, July 22nd. Wells Fargo & Company restated a “buy” rating and set a $112.00 price target on shares of Estee Lauder Companies, Inc. (The) in a report on Friday, August 11th. Finally, Stifel Nicolaus set a $108.00 price target on Estee Lauder Companies, Inc. (The) and gave the stock a “buy” rating in a report on Friday, August 18th. Seven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $117.42.

In other news, VP Sara E. Moss sold 3,971 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $108.00, for a total transaction of $428,868.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fabrizio Freda sold 300,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $105.77, for a total value of $31,731,000.00. Following the transaction, the insider now directly owns 373,174 shares of the company’s stock, valued at $39,470,613.98. The disclosure for this sale can be found here. Insiders have sold a total of 798,654 shares of company stock valued at $88,467,343 over the last ninety days. 16.24% of the stock is owned by insiders.

About Estee Lauder Companies, Inc. (The)

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

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Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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