Estee Lauder Companies Inc (NYSE:EL) Shares Sold by Baldwin Brothers Inc. MA

Baldwin Brothers Inc. MA reduced its holdings in Estee Lauder Companies Inc (NYSE:EL) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,870 shares of the company’s stock after selling 515 shares during the quarter. Baldwin Brothers Inc. MA’s holdings in Estee Lauder Companies were worth $2,154,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EL. Vanguard Group Inc. increased its position in shares of Estee Lauder Companies by 3.8% during the 2nd quarter. Vanguard Group Inc. now owns 18,638,647 shares of the company’s stock valued at $3,516,738,000 after purchasing an additional 688,659 shares during the period. BlackRock Inc. increased its position in shares of Estee Lauder Companies by 2.4% during the 2nd quarter. BlackRock Inc. now owns 15,146,192 shares of the company’s stock valued at $2,857,784,000 after purchasing an additional 348,208 shares during the period. Capital Research Global Investors increased its position in shares of Estee Lauder Companies by 280.5% during the 1st quarter. Capital Research Global Investors now owns 3,505,756 shares of the company’s stock valued at $558,607,000 after purchasing an additional 2,584,451 shares during the period. Royal Bank of Canada increased its position in shares of Estee Lauder Companies by 5.2% during the 1st quarter. Royal Bank of Canada now owns 2,641,796 shares of the company’s stock valued at $420,944,000 after purchasing an additional 131,746 shares during the period. Finally, Copper Rock Capital Partners LLC increased its position in shares of Estee Lauder Companies by 5,899.3% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 2,505,768 shares of the company’s stock valued at $257,369,000 after purchasing an additional 2,464,000 shares during the period. Hedge funds and other institutional investors own 55.49% of the company’s stock.

In other Estee Lauder Companies news, EVP Alexandra C. Trower sold 21,428 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $215.44, for a total value of $4,616,448.32. Following the completion of the sale, the executive vice president now owns 6,751 shares of the company’s stock, valued at $1,454,435.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Fabrizio Freda sold 183,822 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $221.29, for a total value of $40,677,970.38. Following the completion of the sale, the chief executive officer now directly owns 251,996 shares of the company’s stock, valued at approximately $55,764,194.84. The disclosure for this sale can be found here. Insiders sold 372,567 shares of company stock valued at $81,248,019 in the last ninety days. Insiders own 13.95% of the company’s stock.

A number of brokerages recently issued reports on EL. DA Davidson upgraded Estee Lauder Companies from a “neutral” rating to a “buy” rating and set a $231.00 target price on the stock in a report on Friday, August 21st. Zacks Investment Research cut Estee Lauder Companies from a “hold” rating to a “sell” rating and set a $224.00 target price on the stock. in a report on Tuesday, August 25th. Citigroup lifted their target price on Estee Lauder Companies from $194.00 to $220.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Argus lifted their target price on Estee Lauder Companies from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, August 26th. Finally, Morgan Stanley lifted their target price on Estee Lauder Companies from $233.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $221.00.

EL traded up $2.25 during trading on Friday, reaching $224.13. 936,348 shares of the stock traded hands, compared to its average volume of 1,735,497. The stock has a market cap of $80.87 billion, a price-to-earnings ratio of 122.48, a price-to-earnings-growth ratio of 3.97 and a beta of 0.78. Estee Lauder Companies Inc has a fifty-two week low of $137.01 and a fifty-two week high of $228.60. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.72 and a quick ratio of 1.32. The stock’s 50-day simple moving average is $217.82 and its two-hundred day simple moving average is $193.99.

Estee Lauder Companies (NYSE:EL) last released its quarterly earnings data on Thursday, August 20th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.34). The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.45 billion. Estee Lauder Companies had a net margin of 4.79% and a return on equity of 34.57%. Estee Lauder Companies’s revenue for the quarter was down 32.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 EPS. Research analysts anticipate that Estee Lauder Companies Inc will post 4.78 earnings per share for the current fiscal year.

About Estee Lauder Companies

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.

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

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