Sanctuary Advisors LLC Sells 10,243 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Sanctuary Advisors LLC decreased its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 28.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,107 shares of the company’s stock after selling 10,243 shares during the period. Sanctuary Advisors LLC’s holdings in Estée Lauder Companies were worth $2,603,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in EL. Rothschild Investment LLC bought a new stake in Estée Lauder Companies in the second quarter worth about $30,000. Ashton Thomas Securities LLC bought a new stake in Estée Lauder Companies in the third quarter worth about $31,000. PARK CIRCLE Co bought a new stake in Estée Lauder Companies in the second quarter worth about $32,000. Kimelman & Baird LLC bought a new stake in Estée Lauder Companies in the second quarter worth about $32,000. Finally, Chilton Capital Management LLC increased its stake in shares of Estée Lauder Companies by 63.9% in the second quarter. Chilton Capital Management LLC now owns 431 shares of the company’s stock worth $46,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Price Performance

EL stock opened at $78.19 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The stock has a market cap of $28.07 billion, a PE ratio of 139.63, a P/E/G ratio of 5.33 and a beta of 1.05. The firm has a 50 day simple moving average of $77.60 and a two-hundred day simple moving average of $91.81.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. On average, analysts predict that The Estée Lauder Companies Inc. will post 1.46 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.79%. Estée Lauder Companies’s payout ratio is 250.00%.

Insider Transactions at Estée Lauder Companies

In other news, Director Paul J. Fribourg purchased 77,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the acquisition, the director now directly owns 234,500 shares of the company’s stock, valued at $15,010,345. This represents a 49.36 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $67.76, for a total transaction of $743,259.44. Following the completion of the transaction, the chief executive officer now owns 295,838 shares of the company’s stock, valued at $20,045,982.88. This trade represents a 3.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EL shares. TD Cowen reduced their target price on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Piper Sandler lifted their target price on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Thursday, October 31st. Evercore ISI reduced their target price on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. Finally, DA Davidson reaffirmed a “buy” rating and set a $81.00 price objective on shares of Estée Lauder Companies in a research note on Wednesday, November 20th. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $98.57.

About Estée Lauder Companies

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.