Teachers Advisors LLC reduced its stake in shares of Coty Inc (NYSE:COTY) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 660,874 shares of the company’s stock after selling 9,150 shares during the quarter. Teachers Advisors LLC owned 0.09% of Coty worth $8,301,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. ING Groep NV bought a new stake in shares of Coty in the third quarter worth about $218,000. Yorktown Management & Research Co Inc bought a new stake in shares of Coty in the third quarter worth about $226,000. Compagnie Lombard Odier SCmA grew its stake in shares of Coty by 2,971.4% in the third quarter. Compagnie Lombard Odier SCmA now owns 21,500 shares of the company’s stock worth $270,000 after purchasing an additional 20,800 shares during the last quarter. Freestone Capital Holdings LLC bought a new stake in shares of Coty in the third quarter worth about $283,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Coty by 34.2% in the third quarter. Russell Investments Group Ltd. now owns 23,548 shares of the company’s stock worth $296,000 after purchasing an additional 6,000 shares during the last quarter. 66.19% of the stock is currently owned by hedge funds and other institutional investors.
In other news, major shareholder Cosmetics B.V. Jab acquired 1,470,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average cost of $9.23 per share, for a total transaction of $13,568,100.00. Following the acquisition, the insider now directly owns 299,578,041 shares in the company, valued at $2,765,105,318.43. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Pierre Laubies acquired 2,308,447 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was purchased at an average price of $8.69 per share, with a total value of $20,060,404.43. Following the completion of the acquisition, the chief executive officer now owns 2,308,447 shares in the company, valued at $20,060,404.43. The disclosure for this purchase can be found here. Insiders have bought 11,023,447 shares of company stock valued at $97,704,004 over the last quarter. Company insiders own 1.20% of the company’s stock.
Several analysts recently issued reports on the company. Zacks Investment Research cut Coty from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. TheStreet lowered shares of Coty from a “c-” rating to a “d+” rating in a report on Friday, December 7th. Citigroup set a $11.00 price objective on shares of Coty and gave the stock a “buy” rating in a report on Friday, November 9th. Morgan Stanley restated an “equal weight” rating and issued a $10.00 price objective (down from $14.50) on shares of Coty in a report on Thursday, November 8th. Finally, JPMorgan Chase & Co. upgraded shares of Coty from an “underweight” rating to a “neutral” rating and set a $7.00 price objective for the company in a report on Friday, January 4th. Two 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 presently has a consensus rating of “Hold” and a consensus price target of $12.41.
COTY stock opened at $7.24 on Friday. Coty Inc has a 52-week low of $5.91 and a 52-week high of $21.68. The company has a market cap of $5.53 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 1.62 and a beta of 0.71. The company has a quick ratio of 0.66, a current ratio of 0.99 and a debt-to-equity ratio of 0.90.
Coty (NYSE:COTY) last released its earnings results on Wednesday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business earned $0.10 earnings per share. The business’s revenue was down 9.2% on a year-over-year basis. Sell-side analysts predict that Coty Inc will post 0.66 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $0.50 annualized dividend and a dividend yield of 6.91%. Coty’s payout ratio is 72.46%.
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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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