The Estée Lauder Companies Inc. (NYSE:EL) Stock Position Reduced by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA decreased its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,788 shares of the company’s stock after selling 1,978 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Estée Lauder Companies were worth $5,297,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Seven Eight Capital LP increased its holdings in Estée Lauder Companies by 150.0% in the second quarter. Seven Eight Capital LP now owns 61,004 shares of the company’s stock worth $6,491,000 after buying an additional 36,603 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Estée Lauder Companies by 6.9% in the second quarter. Hsbc Holdings PLC now owns 489,626 shares of the company’s stock worth $52,003,000 after purchasing an additional 31,617 shares in the last quarter. Elo Mutual Pension Insurance Co grew its holdings in Estée Lauder Companies by 13.0% during the second quarter. Elo Mutual Pension Insurance Co now owns 21,737 shares of the company’s stock valued at $2,313,000 after purchasing an additional 2,493 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Estée Lauder Companies by 148.3% in the second quarter. Virtu Financial LLC now owns 63,321 shares of the company’s stock worth $6,737,000 after buying an additional 37,820 shares during the last quarter. Finally, GDS Wealth Management boosted its holdings in shares of Estée Lauder Companies by 17.2% during the 2nd quarter. GDS Wealth Management now owns 70,459 shares of the company’s stock worth $7,497,000 after buying an additional 10,320 shares during the period. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EL. The Goldman Sachs Group cut their target price on shares of 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. Royal Bank of Canada restated an “outperform” rating and issued a $131.00 price objective on shares of Estée Lauder Companies in a research note on Tuesday, August 20th. Piper Sandler raised shares of Estée Lauder Companies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $95.00 to $114.00 in a research note on Thursday, August 22nd. DA Davidson restated a “buy” rating and set a $130.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, September 3rd. Finally, Bank of America downgraded Estée Lauder Companies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $100.00 in a report on Friday, August 16th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $120.27.

Insiders Place Their Bets

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

Estée Lauder Companies Trading Down 0.1 %

EL opened at $88.00 on Thursday. The Estée Lauder Companies Inc. has a fifty-two week low of $82.39 and a fifty-two week high of $159.75. The company has a market cap of $31.55 billion, a price-to-earnings ratio of 49.44, a price-to-earnings-growth ratio of 1.42 and a beta of 1.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.39 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $93.57 and a 200 day simple moving average of $118.81.

Estée Lauder Companies (NYSE:EL) last announced its quarterly earnings data on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.39. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a return on equity of 16.91% and a net margin of 2.50%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. 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 firm also recently announced 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 3.00%. Estée Lauder Companies’s dividend payout ratio is presently 148.31%.

Estée Lauder Companies Company 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, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.