Zurcher Kantonalbank Zurich Cantonalbank Sells 51,622 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 33.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100,643 shares of the company’s stock after selling 51,622 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Estée Lauder Companies were worth $14,719,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EL. Arlington Trust Co LLC bought a new position in shares of Estée Lauder Companies in the 3rd quarter worth approximately $32,000. Chilton Capital Management LLC bought a new stake in Estée Lauder Companies during the 1st quarter worth approximately $37,000. Cornerstone Planning Group LLC bought a new stake in Estée Lauder Companies during the 2nd quarter worth approximately $39,000. Exchange Traded Concepts LLC raised its stake in Estée Lauder Companies by 1,900.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 280 shares of the company’s stock worth $40,000 after acquiring an additional 266 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in Estée Lauder Companies by 82.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 277 shares of the company’s stock worth $40,000 after acquiring an additional 125 shares during the period. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

EL opened at $144.81 on Friday. The business’s 50-day moving average is $146.56 and its two-hundred day moving average is $138.07. The Estée Lauder Companies Inc. has a 1 year low of $102.22 and a 1 year high of $260.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.36 and a quick ratio of 0.96. The firm has a market capitalization of $51.91 billion, a PE ratio of 111.39, a price-to-earnings-growth ratio of 3.59 and a beta of 1.07.

Estée Lauder Companies (NYSE:EL) last posted its earnings results on Monday, February 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. Research analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.66 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $2.64 annualized dividend and a yield of 1.82%. Estée Lauder Companies’s dividend payout ratio (DPR) is presently 203.08%.

Analysts Set New Price Targets

EL has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Estée Lauder Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $160.00 to $170.00 in a research note on Thursday, March 28th. Barclays raised their target price on shares of Estée Lauder Companies from $141.00 to $146.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Telsey Advisory Group increased their price objective on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Wells Fargo & Company increased their price objective on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Finally, DA Davidson increased their price objective on shares of Estée Lauder Companies from $179.00 to $191.00 and gave the company a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $168.00.

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