Apollon Wealth Management LLC Sells 1,658 Shares of The Estée Lauder Companies Inc. (NYSE:EL)

Apollon Wealth Management LLC decreased its position in The Estée Lauder Companies Inc. (NYSE:EL) by 42.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,266 shares of the company’s stock after selling 1,658 shares during the quarter. Apollon Wealth Management LLC’s holdings in Estée Lauder Companies were worth $226,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EL. Orion Portfolio Solutions LLC boosted its holdings in shares of Estée Lauder Companies by 6.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 5,779 shares of the company’s stock worth $891,000 after buying an additional 347 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Estée Lauder Companies by 19.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,942 shares of the company’s stock worth $1,687,000 after buying an additional 1,755 shares during the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of Estée Lauder Companies in the 1st quarter worth about $239,000. National Bank of Canada FI boosted its holdings in shares of Estée Lauder Companies by 47.8% in the 1st quarter. National Bank of Canada FI now owns 103,476 shares of the company’s stock worth $15,951,000 after buying an additional 33,459 shares during the last quarter. Finally, Pitcairn Co. boosted its holdings in shares of Estée Lauder Companies by 21.4% in the 1st quarter. Pitcairn Co. now owns 17,145 shares of the company’s stock worth $2,643,000 after buying an additional 3,027 shares during the last quarter. Institutional investors own 55.15% of the company’s stock.

Insider Buying and Selling at Estée Lauder Companies

In other news, Director Charlene Barshefsky sold 3,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $91.93, for a total value of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 6.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lynn Forester sold 3,890 shares of the firm’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 transaction of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares in the company, valued at $1,423,714.49. This represents a 20.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,296 shares of company stock worth $1,423,366 over the last ninety days. Insiders own 12.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EL. UBS Group cut their price target on shares of Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Piper Sandler upped their price objective on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Stifel Nicolaus downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Thursday, October 31st. Raymond James downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “market perform” rating in a report on Monday, July 22nd. Finally, Citigroup downgraded shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $105.00 to $80.00 in a report on Thursday, October 31st. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $100.90.

Estée Lauder Companies Stock Up 1.3 %

Shares of NYSE EL opened at $64.59 on Tuesday. The Estée Lauder Companies Inc. has a one year low of $62.29 and a one year high of $159.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm’s 50 day simple moving average is $84.21 and its two-hundred day simple moving average is $99.84. The stock has a market capitalization of $23.19 billion, a P/E ratio of 115.34, a PEG ratio of 3.85 and a beta of 1.05.

Estée Lauder Companies (NYSE:EL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period last year, the business earned $0.11 earnings per share. The business’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, analysts expect that The Estée Lauder Companies Inc. will post 1.59 EPS for the current fiscal year.

Estée Lauder Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, November 29th. Estée Lauder Companies’s payout ratio is currently 250.00%.

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, and powders, as well as compacts, brushes, and other makeup tools.