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

Banque Pictet & Cie SA lessened its holdings in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 98.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,110 shares of the company's stock after selling 1,507,924 shares during the period. Banque Pictet & Cie SA's holdings in Estee Lauder Companies were worth $1,987,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EL. FMR LLC boosted its holdings in shares of Estee Lauder Companies by 163.8% in the 4th quarter. FMR LLC now owns 14,382,579 shares of the company's stock valued at $1,078,406,000 after acquiring an additional 8,930,011 shares during the last quarter. Capital World Investors purchased a new stake in shares of Estee Lauder Companies in the 4th quarter valued at $554,509,000. Norges Bank purchased a new stake in Estee Lauder Companies during the fourth quarter worth $251,304,000. American Century Companies Inc. boosted its holdings in Estee Lauder Companies by 11,026.8% during the fourth quarter. American Century Companies Inc. now owns 3,343,607 shares of the company's stock worth $250,704,000 after buying an additional 3,313,557 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Estee Lauder Companies by 148.9% during the fourth quarter. Invesco Ltd. now owns 5,481,248 shares of the company's stock worth $410,984,000 after buying an additional 3,278,632 shares in the last quarter. Institutional investors own 55.15% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on EL. Evercore ISI increased their price objective on shares of Estee Lauder Companies from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Wells Fargo & Company increased their price objective on shares of Estee Lauder Companies from $60.00 to $90.00 and gave the company an "equal weight" rating in a report on Wednesday. Barclays increased their price objective on shares of Estee Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. B. Riley reaffirmed a "neutral" rating and set a $60.00 price objective (down from $70.00) on shares of Estee Lauder Companies in a report on Friday, May 2nd. Finally, Royal Bank Of Canada decreased their price objective on shares of Estee Lauder Companies from $100.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $77.70.

Estee Lauder Companies Stock Down 1.1%

Estee Lauder Companies stock traded down $1.04 during trading on Friday, reaching $91.06. The stock had a trading volume of 1,474,475 shares, compared to its average volume of 4,225,376. The Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $104.50. The business has a 50 day moving average price of $71.47 and a 200 day moving average price of $69.47. The company has a quick ratio of 1.02, a current ratio of 1.41 and a debt-to-equity ratio of 1.68. The stock has a market cap of $32.76 billion, a PE ratio of -37.63, a P/E/G ratio of 6.15 and a beta of 1.17.

Estee Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.36. Estee Lauder Companies had a negative net margin of 5.89% and a positive return on equity of 15.60%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The firm's quarterly revenue was down 9.9% on a year-over-year basis. On average, analysts predict that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Estee Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were issued a $0.35 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.54%. Estee Lauder Companies's payout ratio is -57.85%.

About Estee Lauder Companies

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.