Zurich Insurance Group Ltd FI Takes Position in The Estée Lauder Companies Inc. (NYSE:EL)

Zurich Insurance Group Ltd FI bought a new position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 283,031 shares of the company's stock, valued at approximately $21,222,000. Zurich Insurance Group Ltd FI owned approximately 0.08% of Estée Lauder Companies as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EL. Ameliora Wealth Management Ltd. acquired a new position in shares of Estée Lauder Companies in the 4th quarter valued at approximately $29,000. Deseret Mutual Benefit Administrators boosted its holdings in shares of Estée Lauder Companies by 68.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 388 shares of the company's stock valued at $29,000 after purchasing an additional 158 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Estée Lauder Companies during the 4th quarter worth $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Estée Lauder Companies by 42.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 476 shares of the company's stock worth $36,000 after buying an additional 141 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Estée Lauder Companies by 47.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 479 shares of the company's stock valued at $36,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Estée Lauder Companies Stock Down 1.0%

Shares of Estée Lauder Companies stock traded down $0.67 on Monday, hitting $63.75. The company had a trading volume of 2,534,024 shares, compared to its average volume of 4,107,628. The Estée Lauder Companies Inc. has a 1 year low of $48.37 and a 1 year high of $127.05. 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 stock has a 50 day moving average of $60.40 and a 200-day moving average of $68.80. The stock has a market capitalization of $22.93 billion, a price-to-earnings ratio of -32.69, a P/E/G ratio of 6.09 and a beta of 1.12.

Estée Lauder Companies (NYSE:EL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.36. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $3.51 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 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. As a group, sell-side analysts forecast that The Estée Lauder Companies Inc. will post 1.36 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, May 30th. Estée Lauder Companies's payout ratio is -57.85%.

Analysts Set New Price Targets

EL has been the subject of a number of research reports. Telsey Advisory Group reissued a "market perform" rating and issued a $76.00 target price on shares of Estée Lauder Companies in a report on Thursday, May 1st. Citigroup cut their target price on shares of Estée Lauder Companies from $77.00 to $55.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their price target on shares of Estée Lauder Companies from $72.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Morgan Stanley reduced their price objective on Estée Lauder Companies from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Wall Street Zen cut Estée Lauder Companies from a "hold" rating to a "sell" rating in a report on Saturday. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies currently has an average rating of "Hold" and an average target price of $75.20.

Estée Lauder Companies 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.