Middleton & Co. Inc. MA Has $5.30 Million Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Middleton & Co. Inc. MA lowered its position in shares of The Estée Lauder Companies Inc. (NYSE:EL) by 3.8% in the second quarter, HoldingsChannel reports. The fund owned 49,788 shares of the company’s stock after selling 1,978 shares during the period. Middleton & Co. Inc. MA’s holdings in Estée Lauder Companies were worth $5,297,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in shares of Estée Lauder Companies in the 1st quarter valued at approximately $26,000. Hexagon Capital Partners LLC increased its stake 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 purchasing an additional 99 shares during the last quarter. Crewe Advisors LLC bought a new stake in Estée Lauder Companies in the 1st quarter valued at $35,000. Chilton Capital Management LLC grew its holdings in Estée Lauder Companies by 163.0% in the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock valued at $41,000 after buying an additional 163 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in Estée Lauder Companies by 3,262.5% during the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after buying an additional 261 shares during the period. 55.15% of the stock is owned by institutional investors.

Insider Activity at Estée Lauder Companies

In other Estée Lauder Companies news, Director Lynn Forester sold 3,890 shares of Estée Lauder Companies 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 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 SEC, which is available at the SEC website. In other news, Director Lynn Forester sold 3,890 shares of the firm’s 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 approximately $1,423,714.49. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the company’s 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 transaction, the director now directly owns 49,800 shares in the company, valued at $4,578,114. The disclosure for this sale can be found here. 12.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Estée Lauder Companies from $130.00 to $117.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 20th. DA Davidson restated a “buy” rating and set a $130.00 target price on shares of Estée Lauder Companies in a research report on Tuesday, September 3rd. The Goldman Sachs Group cut their price target on Estée Lauder Companies from $115.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Stifel Nicolaus cut their price objective on shares of Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Finally, Piper Sandler raised Estée Lauder Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $95.00 to $114.00 in a research note on Thursday, August 22nd. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $120.27.

Estée Lauder Companies Stock Performance

Shares of EL stock opened at $88.00 on Thursday. The stock has a market capitalization of $31.55 billion, a PE ratio of 49.44, a PEG ratio of 1.42 and a beta of 1.00. The business’s 50 day simple moving average is $93.57 and its 200 day simple moving average is $118.81. 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 Estée Lauder Companies Inc. has a one year low of $82.39 and a one year high of $159.75.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, August 19th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.39. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Estée Lauder Companies had a net margin of 2.50% and a return on equity of 16.91%. Estée Lauder Companies’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 earnings per share. As a group, research analysts forecast that The Estée Lauder Companies Inc. will post 2.97 earnings per share for the current year.

Estée Lauder Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, August 30th. Estée Lauder Companies’s dividend payout ratio is 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.