Canvas Wealth Advisors LLC Cuts Stock Position in The Estee Lauder Companies Inc. $EL

Canvas Wealth Advisors LLC cut its holdings in shares of The Estee Lauder Companies Inc. (NYSE:EL) by 66.2% during the second quarter, Holdings Channel.com reports. The fund owned 19,785 shares of the company’s stock after selling 38,836 shares during the period. Canvas Wealth Advisors LLC’s holdings in Estee Lauder Companies were worth $1,599,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EL. Farther Finance Advisors LLC raised its stake in Estee Lauder Companies by 41.0% during the 1st quarter. Farther Finance Advisors LLC now owns 787 shares of the company’s stock valued at $53,000 after purchasing an additional 229 shares during the period. GAMMA Investing LLC grew its holdings in Estee Lauder Companies by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 3,620 shares of the company’s stock valued at $239,000 after buying an additional 770 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Estee Lauder Companies by 16.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,857 shares of the company’s stock valued at $519,000 after buying an additional 1,110 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of Estee Lauder Companies by 12.9% during the first quarter. QRG Capital Management Inc. now owns 6,126 shares of the company’s stock valued at $404,000 after buying an additional 699 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Estee Lauder Companies by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 27,406 shares of the company’s stock worth $1,808,000 after buying an additional 790 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.

Estee Lauder Companies Trading Up 4.0%

EL opened at $100.72 on Monday. The stock has a 50-day moving average of $89.90 and a 200 day moving average of $78.15. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 1.89. The Estee Lauder Companies Inc. has a 12 month low of $48.37 and a 12 month high of $100.80. The firm has a market cap of $36.25 billion, a P/E ratio of -32.08, a P/E/G ratio of 2.87 and a beta of 1.16.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.36 billion. Estee Lauder Companies had a positive return on equity of 12.37% and a negative net margin of 7.91%.The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 earnings per share. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. As a group, research analysts forecast that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Estee Lauder Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. Estee Lauder Companies’s payout ratio is presently -44.59%.

Insiders Place Their Bets

In related news, VP Lande Rashida La sold 6,417 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $91.88, for a total transaction of $589,593.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lynn Forester sold 3,702 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $91.65, for a total transaction of $339,288.30. Following the completion of the sale, the director directly owned 15,479 shares in the company, valued at $1,418,650.35. This trade represents a 19.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.05% of the company’s stock.

Wall Street Analysts Forecast Growth

EL has been the subject of several research analyst reports. Canaccord Genuity Group raised their target price on shares of Estee Lauder Companies from $62.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, August 18th. The Goldman Sachs Group upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $76.00 to $115.00 in a research report on Monday, October 13th. Citigroup boosted their target price on Estee Lauder Companies from $60.00 to $99.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Evercore ISI raised their price target on Estee Lauder Companies from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Estee Lauder Companies from $99.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $91.30.

Estee 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.