Parametric Portfolio Associates LLC increased its stake in shares of Coty Inc (NYSE:COTY) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,168,547 shares of the company’s stock after purchasing an additional 47,054 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.42% of Coty worth $42,459,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. State Treasurer State of Michigan raised its position in Coty by 0.7% during the first quarter. State Treasurer State of Michigan now owns 129,889 shares of the company’s stock valued at $1,494,000 after acquiring an additional 900 shares in the last quarter. Cigna Investments Inc. New raised its position in Coty by 7.6% during the first quarter. Cigna Investments Inc. New now owns 12,752 shares of the company’s stock valued at $146,000 after acquiring an additional 900 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in Coty by 1.4% during the second quarter. Xact Kapitalforvaltning AB now owns 80,810 shares of the company’s stock valued at $1,083,000 after acquiring an additional 1,129 shares in the last quarter. Magnus Financial Group LLC raised its position in Coty by 11.6% during the first quarter. Magnus Financial Group LLC now owns 15,233 shares of the company’s stock valued at $175,000 after acquiring an additional 1,588 shares in the last quarter. Finally, Advisor Partners LLC raised its position in Coty by 9.3% during the second quarter. Advisor Partners LLC now owns 18,904 shares of the company’s stock valued at $253,000 after acquiring an additional 1,603 shares in the last quarter. Institutional investors and hedge funds own 38.53% of the company’s stock.
COTY has been the topic of several recent research reports. BNP Paribas initiated coverage on shares of Coty in a research report on Tuesday, June 4th. They set an “outperform” rating and a $17.00 price objective on the stock. Morgan Stanley cut their price objective on shares of Coty from $10.90 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 29th. Citigroup set a $9.00 price objective on shares of Coty and gave the company a “sell” rating in a research report on Friday, August 30th. Stifel Nicolaus cut their price objective on shares of Coty from $13.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, August 20th. Finally, Barclays reaffirmed a “neutral” rating on shares of Coty in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.73.
Shares of NYSE:COTY traded up $0.08 during trading on Friday, reaching $10.66. The stock had a trading volume of 2,256,439 shares, compared to its average volume of 5,541,318. Coty Inc has a 52 week low of $5.91 and a 52 week high of $14.14. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 2.33 and a beta of 0.74. The company has a quick ratio of 0.61, a current ratio of 0.94 and a debt-to-equity ratio of 1.63. The stock has a fifty day simple moving average of $9.92 and a two-hundred day simple moving average of $11.38.
Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, analysts forecast that Coty Inc will post 0.68 EPS for the current year.
The company also recently declared a — dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 9th will be given a $0.125 dividend. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, September 6th. Coty’s dividend payout ratio is 76.92%.
In related news, CMO Fiona Hughes acquired 210,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $9.81 per share, for a total transaction of $2,060,100.00. Following the completion of the purchase, the chief marketing officer now owns 210,000 shares in the company, valued at approximately $2,060,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert S. Singer acquired 15,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $9.08 per share, for a total transaction of $136,200.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 507,000 shares of company stock worth $4,885,580. Insiders own 1.20% of the company’s stock.
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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