Texas Permanent School Fund Decreases Position in Coty Inc (COTY)

Texas Permanent School Fund cut its stake in shares of Coty Inc (NYSE:COTY) by 12.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,127 shares of the company’s stock after selling 14,259 shares during the quarter. Texas Permanent School Fund’s holdings in Coty were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Rothschild Investment Corp IL bought a new stake in shares of Coty during the 2nd quarter valued at approximately $159,000. Suntrust Banks Inc. bought a new stake in shares of Coty during the 1st quarter valued at approximately $286,000. Intact Investment Management Inc. bought a new stake in shares of Coty during the 2nd quarter valued at approximately $230,000. Cornerstone Wealth Management LLC bought a new stake in shares of Coty during the 2nd quarter valued at approximately $1,220,000. Finally, Caption Management LLC bought a new stake in shares of Coty during the 2nd quarter valued at approximately $254,000. 64.12% of the stock is currently owned by institutional investors.

COTY opened at $8.49 on Friday. Coty Inc has a fifty-two week low of $8.29 and a fifty-two week high of $21.68. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.62 and a current ratio of 0.99. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 1.12 and a beta of 0.47.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, November 7th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. Coty had a negative net margin of 1.75% and a positive return on equity of 5.72%. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the firm posted $0.10 EPS. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities research analysts forecast that Coty Inc will post 0.7 EPS for the current fiscal year.

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

In other news, major shareholder Cosmetics B.V. Jab acquired 1,030,000 shares of Coty stock in a transaction dated Friday, August 24th. The shares were bought at an average cost of $11.98 per share, with a total value of $12,339,400.00. Following the purchase, the insider now owns 291,138,041 shares in the company, valued at approximately $3,487,833,731.18. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert S. Singer acquired 5,000 shares of Coty stock in a transaction dated Monday, August 27th. The stock was purchased at an average cost of $12.00 per share, for a total transaction of $60,000.00. Following the completion of the purchase, the director now owns 175,000 shares in the company, valued at approximately $2,100,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,655,000 shares of company stock worth $44,583,400 over the last three months. Insiders own 1.20% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Citigroup set a $11.00 price target on shares of Coty and gave the company a “buy” rating in a report on Friday. Wells Fargo & Co decreased their price target on shares of Coty from $11.00 to $9.00 and set a “hold” rating on the stock in a report on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 price target (down from $14.50) on shares of Coty in a report on Thursday. Barclays set a $15.00 price target on shares of Coty and gave the company a “hold” rating in a report on Wednesday, August 22nd. Finally, Royal Bank of Canada decreased their price target on shares of Coty from $23.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.95.

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About Coty

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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