Bank Pictet & Cie Europe AG Raises Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

Bank Pictet & Cie Europe AG lifted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 13.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,123 shares of the company's stock after acquiring an additional 12,200 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Estée Lauder Companies were worth $11,079,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Wetzel Investment Advisors Inc. boosted its stake in shares of Estée Lauder Companies by 8.3% during the first quarter. Wetzel Investment Advisors Inc. now owns 885 shares of the company's stock valued at $128,000 after purchasing an additional 68 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in shares of Estée Lauder Companies by 34.1% during the first quarter. Tradewinds Capital Management LLC now owns 295 shares of the company's stock valued at $45,000 after purchasing an additional 75 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Estée Lauder Companies by 0.5% during the fourth quarter. Cullen Frost Bankers Inc. now owns 16,682 shares of the company's stock valued at $2,440,000 after purchasing an additional 76 shares in the last quarter. Haverford Trust Co boosted its stake in shares of Estée Lauder Companies by 2.3% during the first quarter. Haverford Trust Co now owns 3,409 shares of the company's stock valued at $525,000 after purchasing an additional 78 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Estée Lauder Companies by 25.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 402 shares of the company's stock valued at $62,000 after purchasing an additional 82 shares in the last quarter. 55.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EL shares. JPMorgan Chase & Co. dropped their price objective on shares of Estée Lauder Companies from $129.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday. Wells Fargo & Company lowered their target price on shares of Estée Lauder Companies from $130.00 to $117.00 and set an "overweight" rating for the company in a research note on Tuesday. Canaccord Genuity Group restated a "hold" rating and issued a $100.00 target price on shares of Estée Lauder Companies in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Estée Lauder Companies from $108.00 to $105.00 and set a "hold" rating for the company in a research note on Tuesday. Finally, Piper Sandler upgraded shares of Estée Lauder Companies from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $95.00 to $114.00 in a research note on Thursday. Fourteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $124.39.

Insider Transactions at Estée Lauder Companies

In related news, EVP Jane Lauder sold 14,976 shares of the business's 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 in the company, valued at $6,958,990.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.77% of the company's stock.

Estée Lauder Companies Stock Performance

EL traded up $2.26 on Friday, reaching $93.70. The stock had a trading volume of 5,478,285 shares, compared to its average volume of 3,073,794. The company has a market cap of $33.60 billion, a P/E ratio of 52.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The business's 50-day moving average price is $100.83 and its two-hundred day moving average price is $125.95. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 1.26. The Estée Lauder Companies Inc. has a 12-month low of $86.05 and a 12-month high of $165.76.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.39. The business had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.80 billion. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 2.21 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.82%. Estée Lauder Companies's dividend payout ratio is currently 148.31%.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.

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