Quintet Private Bank Europe S.A. Increases Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Quintet Private Bank Europe S.A. lifted its position in The Estée Lauder Companies Inc. (NYSE:EL) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,656 shares of the company’s stock after buying an additional 19,925 shares during the period. Estée Lauder Companies makes up about 1.0% of Quintet Private Bank Europe S.A.’s investment portfolio, making the stock its 28th biggest position. Quintet Private Bank Europe S.A. owned approximately 0.07% of Estée Lauder Companies worth $18,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in Estée Lauder Companies by 9.5% in the third quarter. State Street Corp now owns 10,575,926 shares of the company’s stock worth $1,054,314,000 after purchasing an additional 913,470 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Estée Lauder Companies by 79.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after purchasing an additional 2,533,006 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Estée Lauder Companies by 23.6% in the fourth quarter. Van ECK Associates Corp now owns 4,996,404 shares of the company’s stock worth $374,630,000 after buying an additional 954,493 shares during the last quarter. Geode Capital Management LLC grew its position in Estée Lauder Companies by 1.5% during the third quarter. Geode Capital Management LLC now owns 4,679,154 shares of the company’s stock valued at $464,587,000 after buying an additional 70,307 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Estée Lauder Companies by 81.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,971,550 shares of the company’s stock valued at $222,807,000 after buying an additional 1,330,840 shares during the last quarter. 55.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Estée Lauder Companies

In related news, CFO Akhil Shrivastava acquired 700 shares of the stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $65.79 per share, with a total value of $46,053.00. Following the transaction, the chief financial officer now directly owns 2,381 shares in the company, valued at approximately $156,645.99. This represents a 41.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Paul J. Fribourg bought 43,000 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the transaction, 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.

Wall Street Analyst Weigh In

EL has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Estée Lauder Companies from $80.00 to $78.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of Estée Lauder Companies in a research report on Friday, January 31st. UBS Group increased their target price on shares of Estée Lauder Companies from $74.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Piper Sandler lifted their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Barclays reduced their price objective on shares of Estée Lauder Companies from $71.00 to $64.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Twenty investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $86.00.

Estée Lauder Companies Stock Performance

NYSE EL opened at $71.83 on Monday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.37 and a quick ratio of 0.97. The stock has a market capitalization of $25.78 billion, a PE ratio of -36.83, a P/E/G ratio of 6.09 and a beta of 1.03. The Estée Lauder Companies Inc. has a 1-year low of $62.29 and a 1-year high of $159.54. The business has a 50 day simple moving average of $74.55 and a two-hundred day simple moving average of $80.31.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.30. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a negative net margin of 4.61% and a positive return on equity of 16.82%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. On average, research analysts predict that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.95%. Estée Lauder Companies’s dividend payout ratio is presently -71.79%.

Estée Lauder Companies Company 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.