Estee Lauder Companies, Inc. (The) (EL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank increased its position in Estee Lauder Companies, Inc. (The) (NYSE:EL) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,087 shares of the company’s stock after purchasing an additional 3,519 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Estee Lauder Companies were worth $6,480,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of EL. Acrospire Investment Management LLC raised its holdings in Estee Lauder Companies by 2,291.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,148 shares of the company’s stock valued at $110,000 after acquiring an additional 1,100 shares during the period. Parkside Financial Bank & Trust raised its holdings in Estee Lauder Companies by 126.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,135 shares of the company’s stock valued at $123,000 after acquiring an additional 633 shares during the period. Shine Investment Advisory Services Inc. bought a new position in shares of Estee Lauder Companies during the second quarter worth approximately $147,000. Sun Life Financial INC increased its holdings in shares of Estee Lauder Companies by 16,290.0% during the second quarter. Sun Life Financial INC now owns 1,639 shares of the company’s stock worth $157,000 after purchasing an additional 1,629 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Estee Lauder Companies by 4.8% during the second quarter. Bessemer Group Inc. now owns 1,866 shares of the company’s stock worth $179,000 after purchasing an additional 86 shares during the period. 54.28% of the stock is currently owned by institutional investors.
In other Estee Lauder Companies news, major shareholder Ronald S. Foundation Lauder sold 14,190 shares of Estee Lauder Companies stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $105.83, for a total value of $1,501,727.70. Following the completion of the sale, the insider now directly owns 81,161 shares of the company’s stock, valued at $8,589,268.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider 1992 Grat Remainder Trust Fbo sold 571,351 shares of Estee Lauder Companies stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $125.44, for a total transaction of $71,670,269.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,617,611 shares of company stock worth $200,117,133. 16.24% of the stock is owned by company insiders.
Shares of Estee Lauder Companies, Inc. (NYSE EL) traded up $0.35 during trading hours on Monday, hitting $126.19. 870,700 shares of the stock were exchanged, compared to its average volume of 1,921,833. The firm has a market capitalization of $46,470.00, a price-to-earnings ratio of 32.78, a PEG ratio of 2.44 and a beta of 0.68. The company has a current ratio of 1.75, a quick ratio of 1.27 and a debt-to-equity ratio of 0.71. Estee Lauder Companies, Inc. has a 52 week low of $75.30 and a 52 week high of $126.99.
Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.24. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. Estee Lauder Companies had a net margin of 11.30% and a return on equity of 33.64%. Estee Lauder Companies’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share. research analysts anticipate that Estee Lauder Companies, Inc. will post 4.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Wednesday, November 29th. This is a positive change from Estee Lauder Companies’s previous quarterly dividend of $0.34. Estee Lauder Companies’s payout ratio is 36.76%.
EL has been the topic of several recent research reports. Royal Bank Of Canada set a $115.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Monday, August 21st. Stifel Nicolaus set a $108.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Friday, August 18th. Piper Jaffray Companies set a $95.00 target price on shares of Estee Lauder Companies and gave the stock a “buy” rating in a report on Friday, August 18th. BidaskClub raised shares of Estee Lauder Companies from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Wells Fargo & Company reiterated a “buy” rating and set a $112.00 price target on shares of Estee Lauder Companies in a research report on Friday, August 11th. Seven equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Estee Lauder Companies presently has an average rating of “Buy” and an average target price of $117.42.
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Estee Lauder Companies Company Profile
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.
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