The Estee Lauder Companies Inc. $EL Stake Lessened by Salvus Wealth Management LLC

Salvus Wealth Management LLC lowered its position in The Estee Lauder Companies Inc. (NYSE:EL) by 30.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 20,027 shares of the company’s stock after selling 8,628 shares during the period. 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 institutional investors also recently bought and sold shares of EL. IFP Advisors Inc lifted its position in Estee Lauder Companies by 35.2% in the second quarter. IFP Advisors Inc now owns 415 shares of the company’s stock valued at $33,000 after purchasing an additional 108 shares during the period. Kestra Advisory Services LLC raised its stake in Estee Lauder Companies by 3.1% in the 1st quarter. Kestra Advisory Services LLC now owns 4,520 shares of the company’s stock valued at $324,000 after purchasing an additional 134 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Estee Lauder Companies by 3.0% in the second quarter. QRG Capital Management Inc. now owns 4,569 shares of the company’s stock valued at $361,000 after buying an additional 135 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in shares of Estee Lauder Companies by 1.4% during the 1st quarter. Contravisory Investment Management Inc. now owns 11,691 shares of the company’s stock worth $839,000 after purchasing an additional 158 shares during the period. Finally, State of Michigan Retirement System grew its position in shares of Estee Lauder Companies by 0.3% in the first quarter. State of Michigan Retirement System now owns 64,538 shares of the company’s stock valued at $4,632,000 after purchasing an additional 200 shares during the period. 55.15% of the stock is currently owned by institutional investors and hedge funds.

Estee Lauder Companies Stock Down 0.2%

EL stock traded down $0.21 during midday trading on Tuesday, hitting $99.83. 1,925,914 shares of the company’s stock were exchanged, compared to its average volume of 3,805,148. The company has a current ratio of 1.22, a quick ratio of 0.90 and a debt-to-equity ratio of 1.79. The Estee Lauder Companies Inc. has a 12-month low of $66.22 and a 12-month high of $121.64. The firm has a 50 day moving average price of $95.83 and a 200-day moving average price of $86.15. The stock has a market capitalization of $36.12 billion, a price-to-earnings ratio of 203.74, a price-to-earnings-growth ratio of 1.14 and a beta of 1.27.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings results 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. Estee Lauder Companies had a net margin of 1.21% and a return on equity of 23.52%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the company earned $0.09 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Estee Lauder Companies has set its FY 2027 guidance at 3.100-3.350 EPS. On average, analysts anticipate that The Estee Lauder Companies Inc. will post 3.31 EPS for the current year.

Estee Lauder Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EL. Royal Bank Of Canada reissued an “outperform” rating and issued a $111.00 target price on shares of Estee Lauder Companies in a research report on Monday, August 17th. Barclays upgraded Estee Lauder Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $97.00 to $108.00 in a research note on Monday, October 5th. Jefferies Financial Group raised their price objective on Estee Lauder Companies from $88.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday, August 20th. China Intl Cap raised Estee Lauder Companies to a “strong-buy” rating in a research note on Sunday, August 30th. Finally, Weiss Ratings raised Estee Lauder Companies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $104.76.

Insider Buying and Selling at Estee Lauder Companies

In other news, VP Rashida La Lande sold 7,766 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $103.32, for a total value of $802,383.12. Following the sale, the vice president owned 14,357 shares in the company, valued at approximately $1,483,365.24. This represents a 35.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg sold 58,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $98.17, for a total transaction of $5,693,860.00. Following the completion of the sale, the director owned 417,300 shares in the company, valued at approximately $40,966,341. This trade represents a 12.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 75,105 shares of company stock worth $7,423,185 in the last ninety days. 11.54% of the stock is owned by insiders.

About Estee Lauder Companies

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.