Insider Buying: Coty Inc. (COTY) Insider Buys 62,200 Shares of Stock
Coty Inc. (NYSE:COTY) insider Greerson Greene Mcmullen acquired 62,200 shares of the stock in a transaction on Wednesday, September 6th. The stock was bought at an average cost of $16.50 per share, for a total transaction of $1,026,300.00. Following the transaction, the insider now owns 161,707 shares of the company’s stock, valued at approximately $2,668,165.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Greerson Greene Mcmullen also recently made the following trade(s):
- On Thursday, September 7th, Greerson Greene Mcmullen acquired 62,218 shares of Coty stock. The stock was bought at an average cost of $16.50 per share, for a total transaction of $1,026,597.00.
- On Wednesday, June 14th, Greerson Greene Mcmullen acquired 20,200 shares of Coty stock. The stock was bought at an average cost 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. 4,397,025 shares of the stock traded hands. The company’s 50 day moving average price is $18.63 and its 200-day moving average price is $18.61. Coty Inc. has a 1-year low of $15.83 and a 1-year high of $25.34. The stock’s market cap is $12.33 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Friday, September 1st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Wednesday, August 30th. Coty’s dividend payout ratio (DPR) is presently -87.72%.
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Several analysts have commented on COTY shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Coty in a research report on Wednesday, August 23rd. BidaskClub raised shares of Coty from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Coty in a research report on Sunday, July 16th. Zacks Investment Research lowered shares of Coty from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Jefferies Group LLC started coverage on shares of Coty in a research report on Friday, June 2nd. They issued a “hold” rating and a $17.00 price objective on the stock. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Coty has an average rating of “Hold” and a consensus price target 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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