Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,519 Shares of Estee Lauder Companies, Inc. (The) (EL)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Estee Lauder Companies, Inc. (The) (NYSE:EL) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,087 shares of the company’s stock after acquiring an additional 3,519 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Estee Lauder Companies were worth $6,480,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EL. Vanguard Group Inc. lifted its stake in Estee Lauder Companies by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 15,286,591 shares of the company’s stock valued at $1,467,207,000 after buying an additional 485,448 shares in the last quarter. BlackRock Inc. lifted its stake in Estee Lauder Companies by 7.4% in the 2nd quarter. BlackRock Inc. now owns 14,797,992 shares of the company’s stock valued at $1,420,311,000 after buying an additional 1,022,956 shares in the last quarter. Jennison Associates LLC purchased a new stake in Estee Lauder Companies in the 3rd quarter valued at approximately $664,432,000. Janus Henderson Group PLC lifted its stake in Estee Lauder Companies by 1,676.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,695,498 shares of the company’s stock valued at $450,675,000 after buying an additional 4,431,247 shares in the last quarter. Finally, Fundsmith LLP lifted its stake in Estee Lauder Companies by 3.2% in the 2nd quarter. Fundsmith LLP now owns 3,845,509 shares of the company’s stock valued at $369,092,000 after buying an additional 118,489 shares in the last quarter. 53.87% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies, Inc. (NYSE EL) traded down $0.84 during trading hours on Wednesday, reaching $124.50. 2,491,700 shares of the company’s stock were exchanged, compared to its average volume of 1,927,526. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. The stock has a market cap of $46,154.70, a PE ratio of 32.56, a P/E/G ratio of 2.42 and a beta of 0.71. Estee Lauder Companies, Inc. has a one year low of $75.83 and a one year high of $126.99.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.24. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS. analysts predict that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.38 dividend. This is a boost from Estee Lauder Companies’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 29th. Estee Lauder Companies’s dividend payout ratio is presently 41.08%.

In other news, VP Sara E. Moss sold 29,873 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $121.16, for a total transaction of $3,619,412.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sara E. Moss sold 3,971 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $108.00, for a total transaction of $428,868.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,556,008 shares of company stock valued at $193,498,628. 16.24% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently issued reports on EL shares. Jefferies Group upped their target price on Estee Lauder Companies from $112.00 to $122.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $117.00 price target on shares of Estee Lauder Companies in a report on Tuesday, August 29th. Piper Jaffray Companies set a $135.00 price target on Estee Lauder Companies and gave the company a “buy” rating in a report on Wednesday, November 1st. Stifel Nicolaus boosted their price target on Estee Lauder Companies from $114.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, Morgan Stanley boosted their price target on Estee Lauder Companies from $122.00 to $134.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Six analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $118.14.

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About Estee Lauder Companies

The Estee Lauder Companies Inc manufactures and markets skin care, makeup, fragrance and hair care products. The Company offers products, including skin care, makeup, fragrance, hair care and other. The Company operates in beauty products segment. The Company’s products are sold in over 150 countries and territories under brand names, including Estee Lauder, Aramis, Clinique, Prescriptives, Lab Series, Origins, Tommy Hilfiger, MAC, Kiton, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, Tom Ford, Smashbox, Ermenegildo Zegna, AERIN, Tory Burch, RODIN olio lusso, Le Labo, Editions de Parfums Frederic Malle, GLAMGLOW, By Kilian, BECCA and Too Faced.

Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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