Aperio Group LLC Grows Stake in Coty Inc (COTY)

Aperio Group LLC grew its stake in shares of Coty Inc (NYSE:COTY) by 20.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 154,737 shares of the company’s stock after acquiring an additional 26,136 shares during the period. Aperio Group LLC’s holdings in Coty were worth $1,944,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in COTY. FMR LLC grew its position in shares of Coty by 31.5% during the 2nd quarter. FMR LLC now owns 54,828,166 shares of the company’s stock valued at $773,077,000 after acquiring an additional 13,121,191 shares during the period. Bank of New York Mellon Corp grew its position in shares of Coty by 17.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 20,340,088 shares of the company’s stock valued at $286,796,000 after acquiring an additional 2,995,010 shares during the period. Tobam grew its position in shares of Coty by 79.2% during the 2nd quarter. Tobam now owns 3,233,850 shares of the company’s stock valued at $45,597,000 after acquiring an additional 1,428,751 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Coty by 565.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,177,000 shares of the company’s stock valued at $16,596,000 after buying an additional 1,000,000 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Coty by 2.9% during the 2nd quarter. BlackRock Inc. now owns 29,976,989 shares of the company’s stock valued at $422,676,000 after buying an additional 833,021 shares in the last quarter. 64.12% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Robert S. Singer bought 20,000 shares of the stock in a transaction on Thursday, August 23rd. The shares were acquired at an average cost of $11.50 per share, for a total transaction of $230,000.00. Following the purchase, the director now directly owns 175,000 shares of the company’s stock, valued at approximately $2,012,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Cosmetics B.V. Jab bought 1,030,000 shares of the stock in a transaction on Friday, August 24th. The stock was purchased at an average price of $11.98 per share, for a total transaction of $12,339,400.00. Following the completion of the purchase, the insider now directly owns 291,138,041 shares in the company, valued at $3,487,833,731.18. The disclosure for this purchase can be found here. Insiders acquired a total of 3,655,000 shares of company stock worth $44,583,400 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Shares of COTY stock opened at $8.49 on Friday. The company has a market cap of $8.39 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 1.45 and a beta of 0.47. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.62 and a current ratio of 0.90. Coty Inc has a 12 month low of $8.29 and a 12 month high of $21.68.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. Coty had a negative net margin of 1.80% and a positive return on equity of 5.55%. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, research analysts forecast that Coty Inc will post 0.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Thursday, November 29th. Coty’s dividend payout ratio is presently 72.46%.

A number of analysts recently commented on the stock. Wells Fargo & Co dropped their price target on shares of Coty from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, August 22nd. Citigroup set a $11.00 price target on shares of Coty and gave the company a “buy” rating in a research note on Friday. BMO Capital Markets restated a “market perform” rating and set a $24.00 price target on shares of Coty in a research note on Wednesday, August 22nd. Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a research note on Monday, July 23rd. Finally, Societe Generale cut shares of Coty from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Coty presently has a consensus rating of “Hold” and a consensus target price of $13.95.

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Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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