Coty Inc. (NYSE:COTY) major shareholder Cosmetics B.V. Jab purchased 5,400,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of $16.85 per share, with a total value of $90,990,000.00. Following the completion of the transaction, the insider now owns 279,608,041 shares in the company, valued at approximately $4,711,395,490.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Cosmetics B.V. Jab also recently made the following trade(s):

  • On Monday, November 13th, Cosmetics B.V. Jab acquired 1,800,000 shares of Coty stock. The shares were purchased at an average price of $16.70 per share, with a total value of $30,060,000.00.
  • On Monday, August 28th, Cosmetics B.V. Jab acquired 2,600,000 shares of Coty stock. The shares were purchased at an average price of $16.30 per share, with a total value of $42,380,000.00.

Coty Inc. (NYSE COTY) traded up $0.20 during trading on Wednesday, hitting $16.95. 7,131,300 shares of the company’s stock were exchanged, compared to its average volume of 5,610,447. Coty Inc. has a 12-month low of $14.24 and a 12-month high of $20.88. The company has a market capitalization of $12,540.49, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.31. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.78.

Coty (NYSE:COTY) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Coty had a negative net margin of 5.02% and a positive return on equity of 4.26%. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 107.3% compared to the same quarter last year. sell-side analysts forecast that Coty Inc. will post 0.67 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Wednesday, November 29th. Coty’s dividend payout ratio (DPR) is -83.33%.

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Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reiterated a “buy” rating on shares of Coty in a research report on Sunday. DA Davidson increased their price objective on shares of Coty from $17.50 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Wells Fargo & Company reiterated a “hold” rating and set a $17.00 price objective on shares of Coty in a research report on Thursday, November 9th. BidaskClub cut shares of Coty from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.30.

About Coty

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.

Insider Buying and Selling by Quarter for Coty (NYSE:COTY)

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