Estee Lauder Companies, Inc. (The) (NYSE:EL) Shares Bought by Pictet & Cie Europe SA

Pictet & Cie Europe SA lifted its stake in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,141 shares of the company’s stock after buying an additional 5,289 shares during the period. Pictet & Cie Europe SA’s holdings in Estee Lauder Companies, Inc. (The) were worth $6,540,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American Beacon Advisors Inc. purchased a new position in Estee Lauder Companies, Inc. (The) in the first quarter valued at $100,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Estee Lauder Companies, Inc. (The) by 36.3% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,298 shares of the company’s stock worth $110,000 after purchasing an additional 346 shares in the last quarter. Israel Discount Bank of New York purchased a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth about $110,000. First Interstate Bank purchased a new stake in shares of Estee Lauder Companies, Inc. (The) during the first quarter worth about $114,000. Finally, Shine Investment Advisory Services Inc. purchased a new stake in shares of Estee Lauder Companies, Inc. (The) during the second quarter worth about $147,000. 54.63% of the stock is owned by hedge funds and other institutional investors.

In other Estee Lauder Companies, Inc. (The) news, Director Barry S. Sternlicht sold 10,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $106.30, for a total transaction of $1,063,000.00. Following the completion of the sale, the director now owns 40,982 shares in the company, valued at $4,356,386.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Sara E. Moss sold 3,971 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $108.00, for a total transaction of $428,868.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 568,791 shares of company stock valued at $60,070,365. 16.98% of the stock is owned by insiders.

A number of analysts have recently commented on the stock. Macquarie assumed coverage on shares of Estee Lauder Companies, Inc. (The) in a research note on Friday. They set an “outperform” rating and a $124.00 target price for the company. Jefferies Group LLC boosted their target price on shares of Estee Lauder Companies, Inc. (The) from $112.00 to $122.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Argus upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Tuesday, August 22nd. Morgan Stanley restated an “overweight” rating and set a $122.00 price target (up from $106.00) on shares of Estee Lauder Companies, Inc. (The) in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded shares of Estee Lauder Companies, Inc. (The) from a “hold” rating to a “strong-buy” rating and set a $122.00 price target on the stock in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $109.39.

Shares of Estee Lauder Companies, Inc. (NYSE:EL) opened at 109.69 on Friday. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $110.99. The company’s 50-day moving average is $104.20 and its 200 day moving average is $94.26. The stock has a market capitalization of $40.36 billion, a P/E ratio of 32.74 and a beta of 0.67.

Estee Lauder Companies, Inc. (The) (NYSE:EL) last issued its quarterly earnings results on Friday, August 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.86 billion. Estee Lauder Companies, Inc. (The) had a net margin of 10.56% and a return on equity of 32.38%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. On average, equities analysts forecast that Estee Lauder Companies, Inc. will post $3.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.36 annualized dividend and a yield of 1.24%. Estee Lauder Companies, Inc. (The)’s payout ratio is 40.60%.

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Estee Lauder Companies, Inc. (The) Company Profile

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Institutional Ownership by Quarter for Estee Lauder Companies, Inc. (The) (NYSE:EL)

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