Coty Inc (NYSE:COTY) Stock Position Reduced by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC trimmed its position in Coty Inc (NYSE:COTY) by 14.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,710,824 shares of the company’s stock after selling 457,723 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Coty were worth $28,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. lifted its stake in Coty by 21.9% during the second quarter. Invesco Ltd. now owns 8,502,059 shares of the company’s stock worth $113,927,000 after purchasing an additional 1,527,527 shares during the last quarter. Balyasny Asset Management LLC raised its holdings in shares of Coty by 333.9% during the second quarter. Balyasny Asset Management LLC now owns 2,995,806 shares of the company’s stock worth $40,144,000 after purchasing an additional 2,305,444 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Coty by 5,214.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,270,175 shares of the company’s stock worth $17,020,000 after purchasing an additional 1,246,275 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Coty by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,216,452 shares of the company’s stock worth $12,785,000 after buying an additional 4,068 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Coty by 129.7% in the 2nd quarter. Janus Henderson Group PLC now owns 989,198 shares of the company’s stock worth $13,255,000 after buying an additional 558,517 shares during the last quarter. Institutional investors and hedge funds own 37.34% of the company’s stock.

Coty stock opened at $11.60 on Wednesday. The firm has a fifty day simple moving average of $11.66 and a two-hundred day simple moving average of $11.35. The company has a quick ratio of 0.61, a current ratio of 0.97 and a debt-to-equity ratio of 1.77. Coty Inc has a twelve month low of $5.91 and a twelve month high of $14.14. The company has a market capitalization of $8.75 billion, a PE ratio of 17.85, a P/E/G ratio of 3.09 and a beta of 0.71.

Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Coty had a positive return on equity of 7.57% and a negative net margin of 43.46%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company’s quarterly revenue was down 4.4% on a year-over-year basis. As a group, equities analysts expect that Coty Inc will post 0.68 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, November 18th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 4.31%. Coty’s payout ratio is 76.92%.

In other news, CMO Fiona Hughes purchased 210,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $9.81 per share, with a total value of $2,060,100.00. Following the acquisition, the chief marketing officer now directly owns 210,000 shares in the company, valued at $2,060,100. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

Several analysts have commented on COTY shares. Barclays reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Coty in a research report on Friday, November 8th. Wells Fargo & Co restated a “hold” rating and issued a $13.00 target price on shares of Coty in a research note on Monday, November 18th. Jefferies Financial Group set a $10.50 target price on shares of Coty and gave the company a “hold” rating in a research note on Monday, October 21st. Citigroup set a $9.00 price target on shares of Coty and gave the stock a “sell” rating in a research note on Friday, August 30th. Finally, DA Davidson increased their price target on shares of Coty from $10.50 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.85.

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.

Further Reading: Balance Sheet

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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