Coty Inc (COTY) Shares Sold by Courier Capital LLC
Courier Capital LLC cut its position in shares of Coty Inc (NYSE:COTY) by 18.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,956 shares of the company’s stock after selling 4,810 shares during the quarter. Courier Capital LLC’s holdings in Coty were worth $263,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. LS Investment Advisors LLC grew its holdings in shares of Coty by 15.8% in the 2nd quarter. LS Investment Advisors LLC now owns 29,350 shares of the company’s stock worth $414,000 after acquiring an additional 4,011 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of Coty by 10.7% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 43,470 shares of the company’s stock worth $613,000 after acquiring an additional 4,200 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Coty by 15.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 33,010 shares of the company’s stock worth $606,000 after acquiring an additional 4,418 shares during the last quarter. Financial Advantage Inc. grew its holdings in shares of Coty by 5.5% in the 2nd quarter. Financial Advantage Inc. now owns 91,830 shares of the company’s stock worth $1,294,000 after acquiring an additional 4,780 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new position in shares of Coty in the 1st quarter worth $105,000. Institutional investors own 66.84% of the company’s stock.
COTY has been the topic of a number of recent research reports. Societe Generale cut Coty from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Bank of America cut Coty from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $16.00 to $10.00 in a report on Thursday, August 16th. JPMorgan Chase & Co. set a $11.00 target price on Coty and gave the stock a “sell” rating in a report on Friday, September 7th. Wells Fargo & Co set a $11.00 target price on Coty and gave the stock a “hold” rating in a report on Thursday, September 13th. Finally, Morgan Stanley upgraded Coty from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $17.00 to $14.50 in a report on Tuesday, August 28th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Coty currently has a consensus rating of “Hold” and an average target price of $15.40.
Shares of COTY stock opened at $11.03 on Friday. Coty Inc has a 1-year low of $10.73 and a 1-year high of $21.68. The company has a current ratio of 0.90, a quick ratio of 0.62 and a debt-to-equity ratio of 0.82. The firm has a market cap of $9.43 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.63 and a beta of 0.21.
Coty (NYSE:COTY) last issued its quarterly earnings results on Tuesday, August 21st. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Coty had a positive return on equity of 5.55% and a negative net margin of 1.80%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.31 billion. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Coty Inc will post 0.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.53%. Coty’s dividend payout ratio is 72.46%.
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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