First Financial Bankshares Inc Increases Stock Position in The Estée Lauder Companies Inc. (NYSE:EL)

First Financial Bankshares Inc grew its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 1,292.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,342 shares of the company’s stock after buying an additional 219,367 shares during the period. First Financial Bankshares Inc owned approximately 0.07% of Estée Lauder Companies worth $23,561,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC boosted its position in Estée Lauder Companies by 103.1% during the first quarter. Hexagon Capital Partners LLC now owns 195 shares of the company’s stock valued at $30,000 after buying an additional 99 shares during the period. Crewe Advisors LLC purchased a new stake in Estée Lauder Companies during the 1st quarter valued at about $35,000. Chilton Capital Management LLC grew its position in Estée Lauder Companies by 163.0% during the 1st quarter. Chilton Capital Management LLC now owns 263 shares of the company’s stock worth $41,000 after acquiring an additional 163 shares during the last quarter. Larson Financial Group LLC increased its stake in Estée Lauder Companies by 3,262.5% in the 1st quarter. Larson Financial Group LLC now owns 269 shares of the company’s stock worth $41,000 after purchasing an additional 261 shares during the period. Finally, Rothschild Investment LLC bought a new stake in Estée Lauder Companies in the second quarter valued at approximately $30,000. Institutional investors own 55.15% of the company’s stock.

Insider Transactions at Estée Lauder Companies

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 transaction, the director now owns 15,209 shares of the company’s stock, valued at $1,423,714.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lynn Forester sold 3,890 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $93.61, for a total value of $364,142.90. Following the completion of the transaction, the director now owns 15,209 shares of the company’s stock, valued at approximately $1,423,714.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction 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 sale, the director now owns 49,800 shares of the company’s stock, valued at $4,578,114. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.78% of the stock is currently owned by company insiders.

Estée Lauder Companies Stock Down 1.6 %

Shares of Estée Lauder Companies stock opened at $87.25 on Monday. The Estée Lauder Companies Inc. has a twelve month low of $82.39 and a twelve month high of $159.75. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average is $91.30 and its 200 day moving average is $108.07. The company has a market cap of $31.30 billion, a price-to-earnings ratio of 80.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01.

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

Estée Lauder Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.64 dividend on an annualized basis and a yield of 3.03%. Estée Lauder Companies’s dividend payout ratio is currently 244.44%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EL. StockNews.com lowered shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Hsbc Global Res downgraded shares of Estée Lauder Companies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on shares of Estée Lauder Companies from $105.00 to $113.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Bank of America lowered Estée Lauder Companies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $100.00 in a research report on Friday, August 16th. Finally, Stifel Nicolaus cut their price objective on Estée Lauder Companies from $165.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Sixteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $116.91.

About Estée Lauder Companies

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.