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

DORCHESTER WEALTH MANAGEMENT Co trimmed its stake in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 47.9% in the third quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EL. Riverview Trust Co bought a new position in Estée Lauder Companies in the first quarter valued at approximately $26,000. Hexagon Capital Partners LLC raised its holdings in shares of Estée Lauder Companies by 103.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock worth $30,000 after buying an additional 99 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Estée Lauder Companies in the second quarter valued at about $30,000. PARK CIRCLE Co bought a new position in Estée Lauder Companies in the second quarter valued at about $32,000. Finally, Kimelman & Baird LLC bought a new position in Estée Lauder Companies in the second quarter valued at about $32,000. 55.15% of the stock is currently owned by institutional investors.

Estée Lauder Companies Stock Down 0.1 %

NYSE:EL traded down $0.13 during trading hours on Thursday, reaching $87.66. The company had a trading volume of 382,855 shares, compared to its average volume of 3,180,266. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The business’s 50-day simple moving average is $91.58 and its two-hundred day simple moving average is $109.15. The firm has a market cap of $31.43 billion, a price-to-earnings ratio of 49.32, a P/E/G ratio of 1.58 and a beta of 1.01. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings results on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping 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 business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. On average, equities analysts expect that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EL. Bank of America cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $140.00 to $100.00 in a research report on Friday, August 16th. Raymond James lowered Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a research report on Monday, July 22nd. The Goldman Sachs Group dropped their target price on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Hsbc Global Res lowered Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Finally, UBS Group lowered their price objective on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Estée Lauder Companies currently has a consensus rating of “Hold” and an average target price of $116.91.

Insiders Place Their Bets

In other news, Director Charlene Barshefsky sold 3,437 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction of $315,963.41. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Estée Lauder Companies news, Director Charlene Barshefsky sold 3,437 shares of Estée Lauder Companies stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lynn Forester sold 3,890 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $93.61, for a total transaction of $364,142.90. Following the completion of the sale, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.77% of the company’s stock.

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.