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

Sanctuary Advisors LLC decreased its position in shares of The Estée Lauder Companies Inc. (NYSE:EL - Free Report) by 28.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,107 shares of the company's stock after selling 10,243 shares during the quarter. Sanctuary Advisors LLC's holdings in Estée Lauder Companies were worth $2,603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Aptus Capital Advisors LLC increased its holdings in shares of Estée Lauder Companies by 6.3% during the second quarter. Aptus Capital Advisors LLC now owns 2,144 shares of the company's stock valued at $228,000 after acquiring an additional 127 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Estée Lauder Companies by 30.9% during the third quarter. Farther Finance Advisors LLC now owns 639 shares of the company's stock valued at $64,000 after buying an additional 151 shares during the last quarter. Horizon Bancorp Inc. IN boosted its position in shares of Estée Lauder Companies by 22.3% during the second quarter. Horizon Bancorp Inc. IN now owns 844 shares of the company's stock valued at $90,000 after buying an additional 154 shares during the last quarter. Chilton Capital Management LLC boosted its position in shares of Estée Lauder Companies by 63.9% during the second quarter. Chilton Capital Management LLC now owns 431 shares of the company's stock valued at $46,000 after buying an additional 168 shares during the last quarter. Finally, Biltmore Family Office LLC boosted its position in shares of Estée Lauder Companies by 7.8% during the third quarter. Biltmore Family Office LLC now owns 2,376 shares of the company's stock valued at $237,000 after buying an additional 171 shares during the last quarter. Institutional investors own 55.15% of the company's stock.

Insider Transactions at Estée Lauder Companies

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of Estée Lauder Companies 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 in the company, valued at approximately $20,045,982.88. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Fribourg acquired 77,500 shares of the stock in a transaction on Friday, November 15th. The shares were bought at an average price of $64.01 per share, with a total value of $4,960,775.00. Following the purchase, the director now directly owns 234,500 shares of the company's stock, valued at $15,010,345. The trade was a 49.36 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 12.78% of the company's stock.

Estée Lauder Companies Trading Down 4.1 %

EL stock traded down $3.22 during trading on Wednesday, hitting $74.96. 4,062,413 shares of the company traded hands, compared to its average volume of 3,585,632. The firm has a market capitalization of $26.91 billion, a PE ratio of 133.86, a P/E/G ratio of 5.33 and a beta of 1.05. The Estée Lauder Companies Inc. has a 1 year low of $62.29 and a 1 year high of $159.75. The company has a 50-day moving average of $77.23 and a 200-day moving average of $91.69. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.90 and a current ratio of 1.32.

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

Estée Lauder Companies Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, November 29th. Estée Lauder Companies's dividend payout ratio is currently 250.00%.

Wall Street Analyst Weigh In

EL has been the topic of several research analyst reports. Canaccord Genuity Group cut their price objective on Estée Lauder Companies from $100.00 to $75.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. HSBC cut Estée Lauder Companies from a "buy" rating to a "hold" rating and set a $100.00 price objective on the stock. in a research report on Wednesday, October 16th. Wells Fargo & Company cut Estée Lauder Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $105.00 to $72.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut Estée Lauder Companies from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $113.00 to $74.00 in a research report on Friday, November 1st. Finally, Piper Sandler boosted their price objective on Estée Lauder Companies from $114.00 to $122.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Nineteen equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Estée Lauder Companies presently has a consensus rating of "Hold" and an average target price of $98.57.

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.