Coty Inc. (COTY) Insider Purchases $1,026,597.00 in Stock
Coty Inc. (NYSE:COTY) insider Greerson Greene Mcmullen purchased 62,218 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were purchased at an average price of $16.50 per share, for a total transaction of $1,026,597.00. Following the purchase, the insider now directly owns 161,707 shares in the company, valued at $2,668,165.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Greerson Greene Mcmullen also recently made the following trade(s):
- On Wednesday, September 6th, Greerson Greene Mcmullen purchased 62,200 shares of Coty stock. The shares were purchased at an average price of $16.50 per share, for a total transaction of $1,026,300.00.
- On Wednesday, June 14th, Greerson Greene Mcmullen purchased 20,200 shares of Coty stock. The shares were purchased at an average price of $19.32 per share, for a total transaction of $390,264.00.
Coty Inc. (NYSE:COTY) traded up 0.73% during mid-day trading on Friday, hitting $16.47. The company had a trading volume of 4,397,025 shares. Coty Inc. has a 52-week low of $15.83 and a 52-week high of $25.34. The stock’s 50 day moving average price is $18.63 and its 200 day moving average price is $18.61. The firm’s market cap is $12.33 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, August 30th. Coty’s dividend payout ratio (DPR) is -87.72%.
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A number of research firms recently issued reports on COTY. Barclays PLC set a $19.00 price target on Coty and gave the stock a “hold” rating in a research note on Saturday, May 13th. Bank of America Corporation lowered their target price on Coty from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. KeyCorp reiterated a “hold” rating on shares of Coty in a research note on Friday, August 25th. Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 target price (up from $17.00) on shares of Coty in a research note on Wednesday, August 23rd. Finally, Stifel Nicolaus set a $25.00 target price on Coty and gave the company a “buy” rating in a research note on Monday, August 21st. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Coty presently has an average rating of “Hold” and an average target price of $20.54.
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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