DORCHESTER WEALTH MANAGEMENT Co Sells 4,476 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

DORCHESTER WEALTH MANAGEMENT Co lessened its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 47.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,876 shares of the company’s stock after selling 4,476 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Estée Lauder Companies were worth $486,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Riverview Trust Co bought a new stake in shares of Estée Lauder Companies in the first quarter valued at $26,000. Hexagon Capital Partners LLC lifted its holdings in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Crewe Advisors LLC bought a new position in Estée Lauder Companies during the first quarter worth about $35,000. Chilton Capital Management LLC raised its position in shares of Estée Lauder Companies by 163.0% in the first quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock valued at $41,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Trading Down 0.1 %

Shares of Estée Lauder Companies stock traded down $0.13 during trading on Thursday, reaching $87.66. The company’s stock had a trading volume of 382,855 shares, compared to its average volume of 3,180,266. The company has a market cap of $31.43 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 1.58 and a beta of 1.01. The firm’s 50-day moving average is $91.58 and its two-hundred day moving average is $109.15. The Estée Lauder Companies Inc. has a 52-week low of $82.39 and a 52-week high of $159.75. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.39. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 annualized dividend and a yield of 3.01%. Estée Lauder Companies’s payout ratio is currently 148.31%.

Analyst Upgrades and Downgrades

EL has been the topic of several recent research reports. Evercore ISI dropped their target price on Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Citigroup decreased their price target on Estée Lauder Companies from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Piper Sandler raised their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Barclays decreased their target price on shares of Estée Lauder Companies from $136.00 to $117.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Sixteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.91.

Insider Activity

In related news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the transaction, the director now directly owns 15,209 shares of the company’s stock, valued at $1,423,714.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Lynn Forester sold 3,890 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $93.61, for a total transaction of $364,142.90. Following the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now directly owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.77% of the company’s stock.

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.