Canvas Wealth Advisors LLC Lowers Holdings in The Estee Lauder Companies Inc. $EL

Key Points

• Canvas Wealth Advisors LLC reduced its holdings in The Estee Lauder Companies Inc. by 66.2%, selling 38,836 shares and holding 19,785 shares, valued at approximately $1.6 million.
• The Estee Lauder Companies reported $3.41 billion in revenue for the quarter, exceeding analyst expectations, but showed an 11.9% decline from the previous year.
• The company declared a quarterly dividend of $0.35 per share, resulting in an annualized dividend yield of 1.4%, with a negative payout ratio of -44.59%.

Canvas Wealth Advisors LLC reduced its stake in The Estee Lauder Companies Inc. (NYSE:EL - Free Report) by 66.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Chevy Chase Trust Holdings LLC raised its position in shares of Estee Lauder Companies by 0.6% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 123,783 shares of the company's stock worth $10,002,000 after purchasing an additional 684 shares during the last quarter. Nordea Investment Management AB raised its holdings in Estee Lauder Companies by 2.1% in the second quarter. Nordea Investment Management AB now owns 1,097,706 shares of the company's stock worth $87,520,000 after buying an additional 22,840 shares during the last quarter. Praxis Investment Management Inc. lifted its stake in shares of Estee Lauder Companies by 87.9% in the second quarter. Praxis Investment Management Inc. now owns 10,860 shares of the company's stock worth $877,000 after buying an additional 5,080 shares in the last quarter. Generali Asset Management SPA SGR grew its holdings in shares of Estee Lauder Companies by 1.6% during the second quarter. Generali Asset Management SPA SGR now owns 7,361 shares of the company's stock valued at $595,000 after buying an additional 119 shares during the last quarter. Finally, TD Asset Management Inc increased its position in shares of Estee Lauder Companies by 1.4% during the second quarter. TD Asset Management Inc now owns 84,899 shares of the company's stock valued at $6,860,000 after acquiring an additional 1,166 shares in the last quarter. 55.15% of the stock is currently owned by institutional investors.

Estee Lauder Companies Trading Up 4.0%

Estee Lauder Companies stock opened at $100.72 on Monday. The business has a 50-day simple moving average of $89.90 and a two-hundred day simple moving average of $78.15. The Estee Lauder Companies Inc. has a 52-week low of $48.37 and a 52-week high of $100.80. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 1.89. The company 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 - Get Free Report) last announced its earnings results on Wednesday, August 20th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. Estee Lauder Companies had a negative net margin of 7.91% and a positive return on equity of 12.37%. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the business posted $0.64 earnings per share. The firm's quarterly revenue was down 11.9% compared to the same quarter last year. Estee Lauder Companies has set its FY 2026 guidance at 1.900-2.100 EPS. Analysts predict that The Estee Lauder Companies Inc. will post 1.36 EPS for the current year.

Estee Lauder Companies Announces Dividend

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

Insiders Place Their Bets

In related news, VP Lande Rashida La sold 6,417 shares of Estee Lauder Companies stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $91.88, for a total transaction of $589,593.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lynn Forester sold 3,702 shares of the company's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $91.65, for a total value of $339,288.30. Following the completion of the sale, the director owned 15,479 shares of the company's stock, valued at approximately $1,418,650.35. The trade was a 19.30% decrease in their position. The disclosure for this sale can be found here. 13.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EL has been the topic of several analyst reports. Royal Bank Of Canada upped their price objective on Estee Lauder Companies from $90.00 to $107.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. HSBC raised Estee Lauder Companies from a "hold" rating to a "buy" rating and upped their price target for the company from $80.00 to $99.00 in a report on Friday, June 27th. Wells Fargo & Company boosted their target price on Estee Lauder Companies from $60.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Wall Street Zen cut shares of Estee Lauder Companies from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $99.00 price target on shares of Estee Lauder Companies in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Estee Lauder Companies has a consensus rating of "Hold" and a consensus price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.