The Estee Lauder Companies Inc. (NYSE:EL) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 27.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,052 shares of the company's stock after purchasing an additional 55,772 shares during the period. Vontobel Holding Ltd. owned 0.07% of Estee Lauder Companies worth $17,031,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG raised its holdings in shares of Estee Lauder Companies by 5.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 91,200 shares of the company's stock worth $6,838,000 after buying an additional 4,690 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Estee Lauder Companies by 47.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after acquiring an additional 154 shares during the period. Golden State Wealth Management LLC raised its stake in Estee Lauder Companies by 57.3% in the 1st quarter. Golden State Wealth Management LLC now owns 626 shares of the company's stock worth $41,000 after acquiring an additional 228 shares during the last quarter. Atria Investments Inc raised its stake in Estee Lauder Companies by 32.1% in the 4th quarter. Atria Investments Inc now owns 5,174 shares of the company's stock worth $388,000 after acquiring an additional 1,258 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Estee Lauder Companies by 70.2% during the 1st quarter. Bessemer Group Inc. now owns 4,753 shares of the company's stock worth $313,000 after acquiring an additional 1,961 shares during the period. Hedge funds and other institutional investors own 55.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Barclays increased their price objective on Estee Lauder Companies from $56.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Royal Bank Of Canada cut their price target 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. Piper Sandler reissued an "overweight" rating and set a $75.00 price target (down from $92.00) on shares of Estee Lauder Companies in a research report on Friday, May 2nd. Canaccord Genuity Group decreased their price objective on shares of Estee Lauder Companies from $70.00 to $62.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Estee Lauder Companies from $72.00 to $61.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Sixteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Estee Lauder Companies presently has an average rating of "Hold" and an average target price of $74.45.

Estee Lauder Companies Price Performance

Shares of EL stock traded up $0.07 during mid-day trading on Thursday, hitting $88.65. 2,288,201 shares of the stock were exchanged, compared to its average volume of 4,294,106. The Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $107.57. 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 company has a market cap of $31.89 billion, a PE ratio of -36.63, a price-to-earnings-growth ratio of 6.29 and a beta of 1.17. The firm has a fifty day moving average of $68.02 and a 200 day moving average of $68.98.

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

Estee Lauder Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.58%. Estee Lauder Companies's dividend payout ratio (DPR) is -57.85%.

Estee 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, and powders, as well as compacts, brushes, and other makeup tools.