Quintet Private Bank Europe S.A. decreased its holdings in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 227,924 shares of the company's stock after selling 9,148 shares during the period. Estée Lauder Companies accounts for 2.1% of Quintet Private Bank Europe S.A.'s portfolio, making the stock its 16th largest position. Quintet Private Bank Europe S.A. owned approximately 0.06% of Estée Lauder Companies worth $33,334,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in EL. Atria Wealth Solutions Inc. increased its stake in shares of Estée Lauder Companies by 9.3% during the third quarter. Atria Wealth Solutions Inc. now owns 2,199 shares of the company's stock valued at $318,000 after purchasing an additional 188 shares in the last quarter. Aviva PLC increased its position in shares of Estée Lauder Companies by 11.9% during the third quarter. Aviva PLC now owns 92,059 shares of the company's stock valued at $13,307,000 after acquiring an additional 9,783 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Estée Lauder Companies by 41.5% during the third quarter. Checchi Capital Advisers LLC now owns 3,048 shares of the company's stock valued at $441,000 after acquiring an additional 894 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Estée Lauder Companies by 8.2% during the third quarter. Kestra Advisory Services LLC now owns 6,289 shares of the company's stock valued at $909,000 after acquiring an additional 476 shares in the last quarter. Finally, Prudential PLC increased its position in shares of Estée Lauder Companies by 160.5% during the third quarter. Prudential PLC now owns 28,963 shares of the company's stock valued at $4,187,000 after acquiring an additional 17,844 shares in the last quarter. Institutional investors own 55.15% of the company's stock.
Estée Lauder Companies Stock Performance
Shares of Estée Lauder Companies stock traded down $0.19 on Friday, hitting $113.90. 2,782,250 shares of the company's stock were exchanged, compared to its average volume of 2,616,356. The stock has a market capitalization of $40.84 billion, a PE ratio of 63.99, a PEG ratio of 3.47 and a beta of 1.04. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The company has a 50-day simple moving average of $132.77 and a 200-day simple moving average of $138.77. The Estée Lauder Companies Inc. has a 1 year low of $102.22 and a 1 year high of $204.41.
Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.49. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.92 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. Estée Lauder Companies's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, equities analysts anticipate that The Estée Lauder Companies Inc. will post 2.22 EPS for the current year.
Estée Lauder Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, May 31st. Estée Lauder Companies's dividend payout ratio is currently 148.32%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on EL shares. StockNews.com raised shares of Estée Lauder Companies from a "sell" rating to a "hold" rating in a research report on Thursday, May 2nd. Bernstein Bank raised their price target on shares of Estée Lauder Companies from $155.00 to $160.00 in a research report on Wednesday, May 1st. The Goldman Sachs Group started coverage on shares of Estée Lauder Companies in a research report on Friday, March 1st. They set a "neutral" rating and a $145.00 price target for the company. Bank of America raised shares of Estée Lauder Companies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $160.00 to $170.00 in a research report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Estée Lauder Companies from $160.00 to $159.00 in a research report on Wednesday, May 1st. Sixteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $160.75.
Get Our Latest Report on EL
Insider Buying and Selling
In other Estée Lauder Companies news, EVP Jane Lauder sold 14,976 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the completion of the transaction, the executive vice president now owns 57,389 shares of the company's stock, valued at approximately $6,958,990.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Estée Lauder Companies news, CFO Tracey Thomas Travis sold 14,493 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $135.73, for a total transaction of $1,967,134.89. Following the completion of the transaction, the chief financial officer now owns 47,248 shares of the company's stock, valued at approximately $6,412,971.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jane Lauder sold 14,976 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the transaction, the executive vice president now directly owns 57,389 shares of the company's stock, valued at approximately $6,958,990.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,255 shares of company stock valued at $5,453,232. Company insiders own 12.77% of the company's stock.
Estée Lauder Companies Profile
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Free Report)
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.
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