Union Bancaire Privee UBP SA Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

Union Bancaire Privee UBP SA purchased a new stake in The Estée Lauder Companies Inc. (NYSE:EL) in the 4th quarter, HoldingsChannel reports. The fund purchased 680 shares of the company’s stock, valued at approximately $50,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in Estée Lauder Companies by 9.5% during the 3rd 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 raised its stake in Estée Lauder Companies by 79.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,723,746 shares of the company’s stock worth $570,600,000 after buying an additional 2,533,006 shares during the last quarter. Van ECK Associates Corp lifted its holdings in 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 valued at $374,630,000 after buying an additional 954,493 shares during the period. Geode Capital Management LLC boosted 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 acquiring an additional 70,307 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in Estée Lauder Companies by 80.8% during the third quarter. Two Sigma Advisers LP now owns 2,934,200 shares of the company’s stock valued at $292,510,000 after acquiring an additional 1,310,900 shares during the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds.

Estée Lauder Companies Trading Down 0.5 %

Shares of EL stock opened at $74.69 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.97 and a current ratio of 1.37. The company has a market capitalization of $26.81 billion, a price-to-earnings ratio of -38.30, a PEG ratio of 6.09 and a beta of 1.03. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.54. The company has a 50-day simple moving average of $74.67 and a two-hundred day simple moving average of $80.67.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Tuesday, February 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.30. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. Estée Lauder Companies’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Research analysts anticipate that The Estée Lauder Companies Inc. will post 1.36 EPS for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, February 28th. Estée Lauder Companies’s payout ratio is -71.79%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EL. Wells Fargo & Company boosted their price objective on Estée Lauder Companies from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on Estée Lauder Companies from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Morgan Stanley lowered their price objective on shares of Estée Lauder Companies from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. B. Riley dropped their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Finally, Piper Sandler raised their price target on shares of Estée Lauder Companies from $91.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Twenty equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and an average target price of $86.00.

Insider Buying and Selling

In other news, Director Paul J. Fribourg acquired 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average price of $66.35 per share, for a total transaction of $2,853,050.00. Following the completion of the purchase, the director now owns 430,800 shares in the company, valued at approximately $28,583,580. This trade represents a 11.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Akhil Shrivastava bought 700 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost of $65.79 per share, with a total value of $46,053.00. Following the completion of the transaction, the chief financial officer now directly owns 2,381 shares of the company’s stock, valued at approximately $156,645.99. The trade was a 41.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.78% of the stock is owned by insiders.

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.