Bank Pictet & Cie Europe AG Has $6.84 Million Position in The Estée Lauder Companies Inc. (NYSE:EL)

Bank Pictet & Cie Europe AG boosted its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 5.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 91,200 shares of the company's stock after buying an additional 4,690 shares during the period. Bank Pictet & Cie Europe AG's holdings in Estée Lauder Companies were worth $6,838,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies during the 4th quarter valued at $29,000. Eagle Bay Advisors LLC boosted its position in Estée Lauder Companies by 297.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Estée Lauder Companies during the fourth quarter worth $30,000. Ashton Thomas Securities LLC acquired a new position in Estée Lauder Companies in the 3rd quarter worth about $31,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock valued at $36,000 after buying an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EL shares. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a research note on Tuesday, February 4th. Morgan Stanley dropped their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. CICC Research assumed coverage on shares of Estée Lauder Companies in a report on Friday, December 27th. They set a "market perform" rating and a $82.00 target price on the stock. TD Cowen cut their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Finally, DA Davidson reaffirmed a "buy" rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research report on Wednesday, February 5th. Twenty analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Estée Lauder Companies has a consensus rating of "Hold" and a consensus price target of $86.00.

Estée Lauder Companies Stock Down 1.2 %

NYSE:EL traded down $0.84 during trading hours on Wednesday, reaching $71.35. The company's stock had a trading volume of 3,946,610 shares, compared to its average volume of 4,477,188. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.54. The business's 50-day moving average is $75.39 and its 200-day moving average is $81.33. The company has a market cap of $25.61 billion, a price-to-earnings ratio of -36.59, a price-to-earnings-growth ratio of 5.86 and a beta of 1.03. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97.

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

Estée Lauder Companies Dividend Announcement

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

Insider Transactions at Estée Lauder Companies

In other news, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction that occurred 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 purchase, the chief financial officer now directly owns 2,381 shares of the company's stock, valued at $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Fribourg bought 43,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, with a total value of $2,853,050.00. Following the completion of the purchase, 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. Company insiders own 12.78% of the company's stock.

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.