Middleton & Co Inc MA Sells 926 Shares of Estee Lauder Companies Inc (NYSE:EL)

Middleton & Co Inc MA lowered its position in Estee Lauder Companies Inc (NYSE:EL) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,307 shares of the company’s stock after selling 926 shares during the period. Estee Lauder Companies accounts for 1.7% of Middleton & Co Inc MA’s portfolio, making the stock its 19th largest holding. Middleton & Co Inc MA’s holdings in Estee Lauder Companies were worth $11,003,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Next Capital Management LLC acquired a new stake in shares of Estee Lauder Companies in the second quarter valued at approximately $25,000. Massey Quick Simon & CO. LLC lifted its stake in Estee Lauder Companies by 387.9% during the second quarter. Massey Quick Simon & CO. LLC now owns 161 shares of the company’s stock worth $29,000 after purchasing an additional 128 shares during the period. NuWave Investment Management LLC bought a new position in shares of Estee Lauder Companies in the second quarter valued at approximately $33,000. Meeder Asset Management Inc. bought a new position in shares of Estee Lauder Companies in the second quarter valued at approximately $34,000. Finally, Berman Capital Advisors LLC raised its stake in shares of Estee Lauder Companies by 35.0% in the second quarter. Berman Capital Advisors LLC now owns 243 shares of the company’s stock valued at $44,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 55.00% of the company’s stock.

In other Estee Lauder Companies news, CEO Fabrizio Freda sold 28,819 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $206.51, for a total transaction of $5,951,411.69. Following the transaction, the chief executive officer now owns 93,360 shares in the company, valued at approximately $19,279,773.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alexandra C. Trower sold 6,608 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $203.78, for a total transaction of $1,346,578.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,187,217 shares of company stock worth $429,841,069. 14.68% of the stock is owned by company insiders.

A number of research firms have recently issued reports on EL. UBS Group lifted their target price on shares of Estee Lauder Companies from $172.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Stifel Nicolaus raised their price target on shares of Estee Lauder Companies from $205.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Royal Bank of Canada raised their price target on shares of Estee Lauder Companies to $200.00 in a report on Tuesday, August 20th. Citigroup raised their price target on shares of Estee Lauder Companies from $197.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, Bank of America reissued a “buy” rating and issued a $220.00 price target (up previously from $205.00) on shares of Estee Lauder Companies in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Estee Lauder Companies presently has an average rating of “Buy” and a consensus price target of $195.35.

NYSE:EL traded up $0.20 on Monday, hitting $185.73. 32,609 shares of the company’s stock were exchanged, compared to its average volume of 1,385,606. The firm has a 50-day moving average price of $195.95 and a 200-day moving average price of $182.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.57 and a quick ratio of 1.13. Estee Lauder Companies Inc has a 52 week low of $121.47 and a 52 week high of $207.50. The company has a market cap of $67.71 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.48 and a beta of 0.77.

Estee Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Monday, August 19th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.53 by $0.11. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Estee Lauder Companies had a net margin of 12.01% and a return on equity of 44.43%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. On average, research analysts expect that Estee Lauder Companies Inc will post 5.98 earnings per share for the current fiscal year.

Estee Lauder Companies Company Profile

The Estée Lauder Companies Inc manufactures and markets skin care, makeup, fragrance, and hair care products. The company offers a range of skin care products, such as moisturizers, serums, cleansers, toners, body care products, exfoliators, acne care products, facial masks, cleansing devices, and sun care products; and makeup products, including lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as related items, including compacts, brushes, and other makeup tools.

Further Reading: What is the return on assets (ROA) ratio?

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Institutional Ownership by Quarter for Estee Lauder Companies (NYSE:EL)

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