Zurcher Kantonalbank Zurich Cantonalbank Has $14.72 Million Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

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

Other hedge funds have also recently bought and sold shares of the company. Money Concepts Capital Corp raised its stake in Estée Lauder Companies by 32.3% during the fourth quarter. Money Concepts Capital Corp now owns 209 shares of the company's stock valued at $52,000 after buying an additional 51 shares in the last quarter. Fiduciary Trust Co. raised its position in shares of Estée Lauder Companies by 0.7% during the 1st quarter. Fiduciary Trust Co. now owns 7,068 shares of the company's stock valued at $1,742,000 after acquiring an additional 52 shares in the last quarter. Moreno Evelyn V lifted its stake in Estée Lauder Companies by 0.5% during the third quarter. Moreno Evelyn V now owns 16,492 shares of the company's stock worth $2,384,000 after purchasing an additional 75 shares during the last quarter. Magnolia Capital Advisors LLC boosted its holdings in Estée Lauder Companies by 2.6% in the fourth quarter. Magnolia Capital Advisors LLC now owns 3,019 shares of the company's stock worth $749,000 after purchasing an additional 76 shares during the period. Finally, Wetherby Asset Management Inc. increased its stake in Estée Lauder Companies by 1.3% during the first quarter. Wetherby Asset Management Inc. now owns 5,805 shares of the company's stock valued at $1,431,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 55.15% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Telsey Advisory Group increased their price objective on shares of Estée Lauder Companies from $115.00 to $155.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 6th. Barclays boosted their price objective on Estée Lauder Companies from $141.00 to $146.00 and gave the company an "equal weight" rating in a research report on Friday, April 12th. StockNews.com downgraded Estée Lauder Companies from a "hold" rating to a "sell" rating in a research note on Wednesday, February 14th. Oppenheimer reiterated a "market perform" rating on shares of Estée Lauder Companies in a research note on Monday. Finally, Wells Fargo & Company upped their target price on shares of Estée Lauder Companies from $155.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 6th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies has a consensus rating of "Hold" and a consensus price target of $168.00.

Estée Lauder Companies Price Performance

Estée Lauder Companies stock traded down $0.42 during mid-day trading on Friday, hitting $144.39. The company's stock had a trading volume of 2,324,317 shares, compared to its average volume of 2,676,418. The stock has a market capitalization of $51.76 billion, a P/E ratio of 111.22, a P/E/G ratio of 3.59 and a beta of 1.07. The Estée Lauder Companies Inc. has a twelve month low of $102.22 and a twelve month high of $260.46. The stock's fifty day moving average price is $146.56 and its two-hundred day moving average price is $138.07. The company has a quick ratio of 0.96, a current ratio of 1.36 and a debt-to-equity ratio of 1.16.

Estée Lauder Companies (NYSE:EL - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4.19 billion. During the same quarter last year, the business posted $1.54 EPS. Estée Lauder Companies's revenue was down 7.4% on a year-over-year basis. Research analysts forecast that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.64 annualized dividend and a dividend yield of 1.83%. Estée Lauder Companies's dividend payout ratio (DPR) is presently 203.08%.

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