Quintet Private Bank Europe S.A. Acquires 19,925 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Quintet Private Bank Europe S.A. increased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 250,656 shares of the company's stock after acquiring an additional 19,925 shares during the period. Estée Lauder Companies comprises 1.0% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 28th largest holding. Quintet Private Bank Europe S.A. owned approximately 0.07% of Estée Lauder Companies worth $18,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp lifted its stake in Estée Lauder Companies by 9.5% in the 3rd quarter. State Street Corp now owns 10,575,926 shares of the company's stock valued at $1,054,314,000 after purchasing an additional 913,470 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company's stock valued at $570,600,000 after purchasing an additional 2,533,006 shares during the last quarter. Van ECK Associates Corp lifted its stake in Estée Lauder Companies by 23.6% in the 4th quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company's stock valued at $374,630,000 after purchasing an additional 954,493 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Estée Lauder Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company's stock valued at $464,587,000 after acquiring an additional 70,307 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Estée Lauder Companies by 81.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company's stock valued at $222,807,000 after acquiring an additional 1,330,840 shares during the last quarter. Institutional investors own 55.15% of the company's stock.

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Insiders Place Their Bets

In related news, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction on Wednesday, February 5th. The shares were acquired at an average price of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now owns 2,381 shares in the company, valued at approximately $156,645.99. The trade was a 41.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul J. Fribourg acquired 43,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the transaction, the director now owns 430,800 shares of the company's stock, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.78% of the company's stock.

Estée Lauder Companies Stock Down 0.6 %

Shares of EL traded down $0.44 during trading hours on Thursday, reaching $71.47. 2,167,445 shares of the stock traded hands, compared to its average volume of 4,164,242. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The stock has a fifty day simple moving average of $74.25 and a 200 day simple moving average of $79.89. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $159.54. The company has a market cap of $25.66 billion, a price-to-earnings ratio of -36.65, a PEG ratio of 6.09 and a beta of 1.08.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.30. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the firm earned $0.88 earnings per share. The firm's revenue was down 6.4% on a year-over-year basis. On average, equities analysts forecast that The Estée Lauder Companies Inc. will post 1.36 EPS for the current year.

Estée Lauder Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies's dividend payout ratio is -71.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. CICC Research assumed coverage on shares of Estée Lauder Companies in a research note on Friday, December 27th. They set a "market perform" rating and a $82.00 price target for the company. Canaccord Genuity Group dropped their price target on shares of Estée Lauder Companies from $76.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $100.00 price objective on shares of Estée Lauder Companies in a research report on Friday, January 31st. Wells Fargo & Company increased their price objective on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus decreased their price objective on shares of Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating for the company in a research report on Wednesday, February 5th. Twenty research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $86.00.

Estée Lauder Companies 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, and powders, as well as compacts, brushes, and other makeup tools.