Estee Lauder Companies Inc (NYSE:EL) Shares Sold by Texas Yale Capital Corp.

Texas Yale Capital Corp. trimmed its stake in shares of Estee Lauder Companies Inc (NYSE:EL) by 50.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,720 shares of the company’s stock after selling 14,720 shares during the quarter. Texas Yale Capital Corp.’s holdings in Estee Lauder Companies were worth $2,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NuWave Investment Management LLC acquired a new stake in shares of Estee Lauder Companies in the 2nd quarter valued at about $33,000. Thor Advisors LLC acquired a new stake in shares of Estee Lauder Companies in the 1st quarter worth approximately $37,000. Anderson Fisher LLC acquired a new stake in shares of Estee Lauder Companies in the 1st quarter worth approximately $43,000. Trust Co. of Vermont grew its holdings in shares of Estee Lauder Companies by 112.1% in the 1st quarter. Trust Co. of Vermont now owns 263 shares of the company’s stock worth $44,000 after acquiring an additional 139 shares during the period. Finally, Motco grew its holdings in shares of Estee Lauder Companies by 45.8% in the 1st quarter. Motco now owns 277 shares of the company’s stock worth $46,000 after acquiring an additional 87 shares during the period. 54.29% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Lynn Forester sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $172.48, for a total transaction of $1,724,800.00. Following the sale, the director now owns 14,000 shares in the company, valued at $2,414,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fabrizio Freda sold 99,495 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $167.13, for a total value of $16,628,599.35. Following the sale, the insider now owns 101,893 shares in the company, valued at approximately $17,029,377.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 179,994 shares of company stock worth $30,059,854. 16.13% of the stock is owned by insiders.

NYSE:EL traded down $5.03 during trading hours on Monday, reaching $177.17. 35,518 shares of the company traded hands, compared to its average volume of 1,057,696. The firm’s 50-day simple moving average is $185.16. The stock has a market capitalization of $65.93 billion, a PE ratio of 39.26, a P/E/G ratio of 2.43 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.26 and a current ratio of 1.69. Estee Lauder Companies Inc has a 1-year low of $121.47 and a 1-year high of $194.74.

A number of research firms recently weighed in on EL. Telsey Advisory Group restated an “outperform” rating and issued a $195.00 price target (up previously from $190.00) on shares of Estee Lauder Companies in a report on Thursday, May 2nd. Argus upped their price target on Estee Lauder Companies to $195.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Piper Jaffray Companies upped their price target on Estee Lauder Companies from $161.00 to $178.00 and gave the stock a “positive” rating in a report on Thursday, April 25th. Macquarie upped their price target on Estee Lauder Companies from $170.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Finally, Stifel Nicolaus upped their price target on Estee Lauder Companies from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $171.95.

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: Certificate of Deposit (CD)

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

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