The Estée Lauder Companies Inc. (NYSE:EL) Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA trimmed its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,466,117 shares of the company’s stock after selling 38,167 shares during the period. Estée Lauder Companies accounts for about 1.4% of Banque Pictet & Cie SA’s investment portfolio, making the stock its 16th largest position. Banque Pictet & Cie SA owned about 0.41% of Estée Lauder Companies worth $155,995,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EL. Riverview Trust Co acquired a new stake in shares of Estée Lauder Companies in the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC increased its position in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Estée Lauder Companies in the first quarter worth $35,000. Chilton Capital Management LLC boosted its stake in shares of Estée Lauder Companies by 163.0% during the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after acquiring an additional 163 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Estée Lauder Companies by 3,262.5% during the first quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after acquiring an additional 261 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on EL shares. JPMorgan Chase & Co. cut their target price on shares of Estée Lauder Companies from $129.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday. Piper Sandler upgraded shares of Estée Lauder Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $95.00 to $114.00 in a research report on Thursday. Stifel Nicolaus decreased their target price on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group cut their price target on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Estée Lauder Companies from $108.00 to $105.00 and set a “hold” rating for the company in a research report on Tuesday. Fourteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $124.39.

Insider Transactions at Estée Lauder Companies

In other news, EVP Jane Lauder sold 14,976 shares of Estée Lauder Companies stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $121.26, for a total transaction of $1,815,989.76. Following the sale, the executive vice president now directly owns 57,389 shares of the company’s stock, valued at $6,958,990.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.77% of the company’s stock.

Estée Lauder Companies Stock Up 2.5 %

Shares of EL stock traded up $2.26 during trading hours on Friday, reaching $93.70. The company had a trading volume of 5,478,285 shares, compared to its average volume of 3,073,794. The company has a market capitalization of $33.60 billion, a P/E ratio of 52.64, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.15 and a current ratio of 1.58. The Estée Lauder Companies Inc. has a twelve month low of $86.05 and a twelve month high of $165.76. The stock’s fifty day simple moving average is $100.83 and its 200 day simple moving average is $125.95.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.39. Estée Lauder Companies had a net margin of 4.18% and a return on equity of 13.08%. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the company earned $0.07 earnings per share. Estée Lauder Companies’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that The Estée Lauder Companies Inc. will post 2.21 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Friday, August 30th. Estée Lauder Companies’s payout ratio is 148.31%.

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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.