The Estee Lauder Companies Inc. $EL Position Decreased by Salvus Wealth Management LLC

Salvus Wealth Management LLC cut its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 30.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,027 shares of the company’s stock after selling 8,628 shares during the quarter. Salvus Wealth Management LLC’s holdings in Estee Lauder Companies were worth $1,858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE lifted its position in Estee Lauder Companies by 950.9% in the first quarter. Bank of America Corp DE now owns 13,843,765 shares of the company’s stock valued at $993,567,000 after buying an additional 12,526,471 shares during the last quarter. Independent Franchise Partners LLP increased its position in shares of Estee Lauder Companies by 1.1% during the fourth quarter. Independent Franchise Partners LLP now owns 7,837,249 shares of the company’s stock valued at $820,717,000 after acquiring an additional 83,857 shares during the last quarter. J. Stern & Co. LLP increased its position in shares of Estee Lauder Companies by 4,281.3% during the fourth quarter. J. Stern & Co. LLP now owns 4,094,761 shares of the company’s stock valued at $4,094,761,000 after acquiring an additional 4,001,300 shares during the last quarter. Amundi raised its stake in shares of Estee Lauder Companies by 33.8% in the 1st quarter. Amundi now owns 1,909,911 shares of the company’s stock valued at $137,074,000 after acquiring an additional 482,185 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Estee Lauder Companies by 44.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,192,531 shares of the company’s stock valued at $85,559,000 after acquiring an additional 365,651 shares during the period. 55.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Rashida La Lande sold 7,766 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $103.32, for a total transaction of $802,383.12. Following the sale, the vice president directly owned 14,357 shares in the company, valued at approximately $1,483,365.24. This represents a 35.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charlene Barshefsky sold 3,775 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $98.82, for a total transaction of $373,045.50. Following the completion of the sale, the director directly owned 50,971 shares in the company, valued at approximately $5,036,954.22. This trade represents a 6.90% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 75,105 shares of company stock worth $7,423,185. 11.54% of the stock is currently owned by company insiders.

Estee Lauder Companies Stock Down 0.2%

Shares of NYSE:EL traded down $0.21 during trading on Tuesday, hitting $99.83. The company’s stock had a trading volume of 1,925,914 shares, compared to its average volume of 3,805,148. The business has a 50 day moving average price of $95.83 and a two-hundred day moving average price of $86.15. The company has a market capitalization of $36.12 billion, a PE ratio of 203.74, a P/E/G ratio of 1.14 and a beta of 1.27. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.90 and a current ratio of 1.22. The Estee Lauder Companies Inc. has a fifty-two week low of $66.22 and a fifty-two week high of $121.64.

Estee Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.55 billion. Estee Lauder Companies had a return on equity of 23.52% and a net margin of 1.21%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. As a group, research analysts expect that The Estee Lauder Companies Inc. will post 3.31 EPS for the current fiscal year.

Estee Lauder Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. Estee Lauder Companies’s dividend payout ratio (DPR) is currently 285.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Canaccord Genuity Group upped their price objective on shares of Estee Lauder Companies from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. Wall Street Zen downgraded shares of Estee Lauder Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Telsey Advisory Group upped their price target on Estee Lauder Companies from $90.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, August 20th. Zacks Research cut Estee Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Finally, Weiss Ratings upgraded Estee Lauder Companies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Estee Lauder Companies currently has an average rating of “Hold” and a consensus target price of $104.76.

Estee Lauder Companies Profile

The Estée Lauder Companies Inc (NYSE: EL) is a global beauty company that develops, markets and sells prestige skincare, makeup, fragrance and hair care products. Its portfolio includes brands such as Estée Lauder, Clinique, La Mer, MAC, Bobbi Brown, Jo Malone London, Aveda, The Ordinary and Tom Ford Beauty.

The company’s products are distributed through department stores, specialty retailers, freestanding stores, e-commerce platforms, travel retail outlets and other channels. Estée Lauder serves consumers in numerous markets across the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region.

Estée Lauder was founded in 1946 by Estée Lauder and her husband, Joseph Lauder, beginning with a small collection of skincare products.