Apollon Wealth Management LLC Reduces Stock Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Apollon Wealth Management LLC decreased its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 42.3% in the third quarter, HoldingsChannel.com reports. The fund owned 2,266 shares of the company’s stock after selling 1,658 shares during the period. Apollon Wealth Management LLC’s holdings in Estée Lauder Companies were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in shares of Estée Lauder Companies during the 3rd quarter valued at $31,000. Los Angeles Capital Management LLC bought a new stake in shares of Estée Lauder Companies during the 3rd quarter valued at $1,184,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Estée Lauder Companies by 0.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 85,522 shares of the company’s stock valued at $8,526,000 after buying an additional 297 shares in the last quarter. River Global Investors LLP boosted its holdings in shares of Estée Lauder Companies by 21.3% during the 3rd quarter. River Global Investors LLP now owns 14,665 shares of the company’s stock valued at $1,462,000 after buying an additional 2,573 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Estée Lauder Companies by 23.7% during the 3rd quarter. Assetmark Inc. now owns 34,316 shares of the company’s stock valued at $3,421,000 after buying an additional 6,569 shares in the last quarter. Hedge funds and other institutional investors own 55.15% of the company’s stock.

Estée Lauder Companies Trading Up 1.3 %

Estée Lauder Companies stock opened at $64.59 on Tuesday. The firm has a 50 day moving average of $84.21 and a 200 day moving average of $99.84. The firm has a market capitalization of $23.19 billion, a price-to-earnings ratio of 115.34, a P/E/G ratio of 3.85 and a beta of 1.05. The Estée Lauder Companies Inc. has a 12-month low of $62.29 and a 12-month high of $159.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.44.

Estée Lauder Companies (NYSE:EL) last released its earnings results on Thursday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. As a group, research analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current 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 paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.17%. Estée Lauder Companies’s payout ratio is 250.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EL. Stifel Nicolaus cut shares of Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Thursday, October 31st. TD Cowen dropped their price target on shares of Estée Lauder Companies from $95.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Piper Sandler upped their price target on shares of Estée Lauder Companies from $114.00 to $122.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. DA Davidson reiterated a “buy” rating and issued a $130.00 price target on shares of Estée Lauder Companies in a research note on Tuesday, October 29th. Finally, Citigroup cut shares of Estée Lauder Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $80.00 in a research note on Thursday, October 31st. Nineteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Estée Lauder Companies currently has a consensus rating of “Hold” and a consensus price target of $100.90.

Insiders Place Their Bets

In other Estée Lauder Companies news, CEO Fabrizio Freda sold 10,969 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $67.76, for a total value of $743,259.44. Following the completion of the transaction, the chief executive officer now directly owns 295,838 shares in the company, valued at $20,045,982.88. This represents a 3.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 completion of the transaction, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 6.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,296 shares of company stock worth $1,423,366 in the last three months. 12.78% of the stock is owned by company insiders.

Estée Lauder Companies 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.