Zurcher Kantonalbank Zurich Cantonalbank Purchases 9,745 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,418 shares of the company's stock after buying an additional 9,745 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Estée Lauder Companies were worth $4,455,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ameliora Wealth Management Ltd. purchased a new stake in shares of Estée Lauder Companies in the 4th quarter worth about $29,000. Deseret Mutual Benefit Administrators grew its holdings in Estée Lauder Companies by 68.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock worth $29,000 after purchasing an additional 158 shares during the period. Eagle Bay Advisors LLC increased its stake in shares of Estée Lauder Companies by 297.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 401 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Estée Lauder Companies during the fourth quarter valued at approximately $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Estée Lauder Companies in the 3rd quarter worth approximately $31,000. 55.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EL. Morgan Stanley lowered their price objective on 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. Stifel Nicolaus reduced their price target on Estée Lauder Companies from $81.00 to $77.00 and set a "hold" rating for the company in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of Estée Lauder Companies from $74.00 to $79.00 and gave the company a "neutral" rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Estée Lauder Companies from $80.00 to $78.00 and set a "hold" rating on the stock in a research note on Wednesday, January 22nd. Finally, Piper Sandler boosted their price objective 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $86.00.

Remove Ads

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, Director Paul J. Fribourg purchased 43,000 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $66.35 per share, for a total transaction of $2,853,050.00. Following the purchase, the director now directly owns 430,800 shares of the company's stock, valued at $28,583,580. This trade represents a 11.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Akhil Shrivastava acquired 700 shares of Estée Lauder Companies stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $65.79 per share, for a total transaction of $46,053.00. Following the transaction, the chief financial officer now 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. Corporate insiders own 12.78% of the company's stock.

Estée Lauder Companies Stock Performance

Estée Lauder Companies stock traded down $0.86 during trading on Tuesday, reaching $68.03. The company had a trading volume of 2,031,678 shares, compared to its average volume of 3,711,178. The firm has a market capitalization of $24.42 billion, a price-to-earnings ratio of -34.89, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.75. The firm's 50-day simple moving average is $73.45 and its 200 day simple moving average is $78.49. The Estée Lauder Companies Inc. has a 52 week low of $62.29 and a 52 week high of $155.73.

Estée Lauder Companies (NYSE:EL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.32 by $0.30. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.98 billion. Estée Lauder Companies had a positive return on equity of 16.82% and a negative net margin of 4.61%. The business's revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.06%. Estée Lauder Companies's payout ratio is currently -71.79%.

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