Coty Inc (NYSE:COTY) major shareholder Cosmetics B.V. Jab purchased 4,100,000 shares of Coty stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price of $20.60 per share, with a total value of $84,460,000.00. Following the acquisition, the insider now directly owns 287,558,041 shares of the company’s stock, valued at $5,923,695,644.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Cosmetics B.V. Jab also recently made the following trade(s):
- On Monday, February 12th, Cosmetics B.V. Jab purchased 1,550,000 shares of Coty stock. The stock was bought at an average price of $20.27 per share, with a total value of $31,418,500.00.
- On Friday, November 17th, Cosmetics B.V. Jab purchased 2,800,000 shares of Coty stock. The stock was bought at an average price of $16.94 per share, with a total value of $47,432,000.00.
Shares of Coty Inc (NYSE:COTY) traded up $0.69 during mid-day trading on Wednesday, hitting $21.25. 6,381,605 shares of the stock were exchanged, compared to its average volume of 5,544,858. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.93. The company has a market capitalization of $15,304.61, a price-to-earnings ratio of -41.67, a PEG ratio of 2.07 and a beta of 0.32. Coty Inc has a twelve month low of $14.24 and a twelve month high of $21.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Tuesday, February 27th. Coty’s dividend payout ratio is presently -98.04%.
Several research firms have recently weighed in on COTY. BMO Capital Markets upped their price target on shares of Coty from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, February 9th. Citigroup upped their price target on shares of Coty from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 9th. JPMorgan Chase & Co. upped their price target on shares of Coty from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Monday. DA Davidson began coverage on shares of Coty in a report on Tuesday, October 17th. They issued a “neutral” rating and a $17.50 price target for the company. Finally, Barclays set a $20.00 price target on shares of Coty and gave the company a “hold” rating in a report on Saturday. Three equities research 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 stock presently has an average rating of “Hold” and an average 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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