Coty Inc (NYSE:COTY) major shareholder Cosmetics B.V. Jab purchased 1,550,000 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $20.27 per share, with a total value of $31,418,500.00. Following the acquisition, the insider now owns 287,558,041 shares in the company, valued at approximately $5,828,801,491.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more 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 Wednesday, February 14th, Cosmetics B.V. Jab purchased 4,100,000 shares of Coty stock. The shares were purchased at an average price of $20.60 per share, with a total value of $84,460,000.00.
- On Friday, November 17th, Cosmetics B.V. Jab purchased 2,800,000 shares of Coty stock. The shares were purchased at an average price of $16.94 per share, with a total value of $47,432,000.00.
Shares of Coty Inc (COTY) traded up $0.69 during mid-day trading on Wednesday, hitting $21.25. 6,381,605 shares of the stock traded hands, compared to its average volume of 5,544,858. The firm has a market cap of $15,304.61, a P/E ratio of -41.67, a price-to-earnings-growth ratio of 2.07 and a beta of 0.32. Coty Inc has a one year low of $14.24 and a one year high of $21.34. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.35%. The ex-dividend date is Tuesday, February 27th. Coty’s payout ratio is currently -98.04%.
COTY has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Royal Bank of Canada restated a “hold” rating and set a $18.00 price target on shares of Coty in a report on Friday, October 20th. Wells Fargo & Co set a $17.00 price target on shares of Coty and gave the stock a “hold” rating in a report on Monday, December 11th. BidaskClub lowered shares of Coty from a “sell” rating to a “strong sell” rating in a report on Thursday, October 26th. Finally, Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, December 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.63.
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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