46,325 The Estee Lauder Companies Inc. $EL Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in The Estee Lauder Companies Inc. (NYSE:EL) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,027,993 shares of the company’s stock after buying an additional 46,325 shares during the period. Pictet Asset Management Holding SA owned 0.28% of Estee Lauder Companies worth $95,367,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EL. Tidal Investments LLC boosted its holdings in shares of Estee Lauder Companies by 24.9% in the second quarter. Tidal Investments LLC now owns 1,137,758 shares of the company’s stock worth $89,826,000 after acquiring an additional 226,888 shares during the period. Nykredit A S purchased a new position in shares of Estee Lauder Companies in the second quarter valued at $6,750,000. S&CO Inc. purchased a new position in shares of Estee Lauder Companies in the second quarter valued at $5,586,000. Chapin Davis Inc. bought a new stake in shares of Estee Lauder Companies during the 3rd quarter valued at $9,339,000. Finally, SummitTX Capital L.P. bought a new stake in shares of Estee Lauder Companies during the 1st quarter valued at $7,608,000. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Estee Lauder Companies Trading Up 2.8%

Estee Lauder Companies stock opened at $113.16 on Tuesday. The stock has a market cap of $40.94 billion, a P/E ratio of 38.50, a PEG ratio of 1.51 and a beta of 1.23. The Estee Lauder Companies Inc. has a fifty-two week low of $66.22 and a fifty-two week high of $121.64. The firm’s fifty day moving average price is $100.93 and its 200-day moving average price is $91.71. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.90 and a current ratio of 1.25.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, November 2nd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.21. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.65 billion. Estee Lauder Companies had a return on equity of 26.99% and a net margin of 2.41%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. Equities research analysts forecast that The Estee Lauder Companies Inc. will post 3.43 earnings per share for the current fiscal year.

Estee Lauder Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, November 30th. Estee Lauder Companies’s dividend payout ratio (DPR) is 140.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. B. Riley Financial reissued a “neutral” rating and set a $100.00 price objective (up from $85.00) on shares of Estee Lauder Companies in a report on Thursday, August 20th. CICC Research raised Estee Lauder Companies from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $65.00 to $122.00 in a report on Monday, August 31st. Canaccord Genuity Group upped their price target on Estee Lauder Companies from $90.00 to $109.00 and gave the company a “hold” rating in a research report on Thursday, October 22nd. Daiwa Securities Group increased their price target on shares of Estee Lauder Companies from $83.00 to $99.00 in a report on Tuesday, August 25th. Finally, Jefferies Financial Group raised their price objective on shares of Estee Lauder Companies from $100.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, October 19th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $110.31.

Insiders Place Their Bets

In other news, Director Paul Fribourg sold 70,000 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $110.21, for a total transaction of $7,714,700.00. Following the completion of the transaction, the director owned 326,328 shares of the company’s stock, valued at approximately $35,964,608.88. The trade was a 17.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rashida La Lande sold 7,766 shares of the company’s 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 transaction, the vice president owned 14,357 shares in the company, valued at approximately $1,483,365.24. This trade represents a 35.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 170,774 shares of company stock worth $17,996,564 over the last three months. Company insiders own 11.54% of the company’s stock.

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.