The Estee Lauder Companies Inc. $EL Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in The Estee Lauder Companies Inc. (NYSE:EL) by 4.7% in the third quarter, Holdings Channel.com reports. The firm owned 1,027,993 shares of the company’s stock after purchasing an additional 46,325 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Estee Lauder Companies were worth $95,367,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Estee Lauder Companies during the 2nd quarter valued at about $28,000. Kozak & Associates Inc. purchased a new stake in Estee Lauder Companies in the second quarter worth approximately $30,000. IFP Advisors Inc boosted its stake in Estee Lauder Companies by 35.2% in the second quarter. IFP Advisors Inc now owns 415 shares of the company’s stock worth $33,000 after buying an additional 108 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Estee Lauder Companies by 1,732.5% in the first quarter. Meeder Asset Management Inc. now owns 733 shares of the company’s stock worth $53,000 after buying an additional 693 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Estee Lauder Companies by 37.8% during the first quarter. EverSource Wealth Advisors LLC now owns 1,349 shares of the company’s stock valued at $97,000 after acquiring an additional 370 shares during the last quarter. 55.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Daiwa Securities Group lifted their price target on shares of Estee Lauder Companies from $83.00 to $99.00 in a research note on Tuesday, August 25th. B. Riley Financial restated a “neutral” rating and issued a $100.00 price objective (up from $85.00) on shares of Estee Lauder Companies in a report on Thursday, August 20th. HSBC upped their price objective on shares of Estee Lauder Companies from $87.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, August 20th. UBS Group increased their target price on shares of Estee Lauder Companies from $104.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, November 3rd. Finally, Morgan Stanley lifted their target price on shares of Estee Lauder Companies from $112.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.31.

Insider Buying and Selling

In other news, VP Rashida La Lande sold 7,766 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $103.32, for a total transaction of $802,383.12. Following the completion of the sale, the vice president owned 14,357 shares of the company’s stock, valued at approximately $1,483,365.24. This represents a 35.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Barry Sternlicht sold 4,697 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $108.63, for a total transaction of $510,235.11. Following the completion of the transaction, the director owned 34,812 shares in the company, valued at $3,781,627.56. This represents a 11.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 170,774 shares of company stock worth $17,996,564. 11.54% of the stock is owned by company insiders.

Estee Lauder Companies Trading Up 2.8%

NYSE EL opened at $113.16 on Tuesday. The Estee Lauder Companies Inc. has a 1-year low of $66.22 and a 1-year high of $121.64. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 1.67. The stock has a 50-day moving average of $100.93 and a 200-day moving average of $91.71. The firm has a market cap of $40.94 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23.

Estee Lauder Companies (NYSE:EL) last issued its earnings results on Monday, November 2nd. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.21. Estee Lauder Companies had a return on equity of 26.99% and a net margin of 2.41%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period in the prior year, the business posted $0.32 EPS. Estee Lauder Companies’s quarterly revenue was up 6.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Estee Lauder Companies Inc. will post 3.43 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a $0.35 dividend. The ex-dividend date is Monday, November 30th. This represents a $1.40 annualized dividend and a yield of 1.2%. Estee Lauder Companies’s payout ratio is presently 140.00%.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc is a global prestige beauty company founded in 1946 by Estée and Joseph Lauder. Based in New York City, it develops, markets and sells beauty products under a portfolio of brands, including Estée Lauder, Clinique, M·A·C, La Mer, Aveda and Jo Malone London.

The company’s products span skin care, makeup, fragrance and hair care. It reaches consumers through department stores, specialty retailers, its own stores and websites, and other online and travel-retail channels.

The Estée Lauder Companies serves customers in more than 150 countries and territories.