BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $11.01 Million Stake in Coty Inc (COTY)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Coty Inc (NYSE:COTY) by 678.6% during the 1st quarter, HoldingsChannel reports. The firm owned 957,061 shares of the company’s stock after buying an additional 834,145 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Coty were worth $11,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sentry Investment Management LLC acquired a new stake in shares of Coty during the first quarter valued at about $290,000. TD Asset Management Inc. raised its position in shares of Coty by 2.5% during the first quarter. TD Asset Management Inc. now owns 138,350 shares of the company’s stock worth $1,591,000 after acquiring an additional 3,328 shares during the last quarter. Laurion Capital Management LP raised its position in shares of Coty by 2,237.4% during the first quarter. Laurion Capital Management LP now owns 1,403,928 shares of the company’s stock worth $16,145,000 after acquiring an additional 1,343,865 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Coty by 2.1% during the first quarter. Oregon Public Employees Retirement Fund now owns 241,483 shares of the company’s stock worth $2,777,000 after acquiring an additional 4,927 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Coty by 7.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,352 shares of the company’s stock worth $303,000 after acquiring an additional 1,768 shares during the last quarter. 66.05% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the company. ValuEngine upgraded Coty from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Jefferies Financial Group set a $11.00 price objective on Coty and gave the stock a “hold” rating in a research report on Wednesday, March 27th. BMO Capital Markets raised their price objective on Coty to $15.00 and gave the stock a “positive” rating in a research report on Thursday, May 9th. Finally, Stifel Nicolaus downgraded Coty from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a research report on Wednesday, April 17th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.50.

In other Coty news, major shareholder Holdco B.V. Cottage bought 150,000,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was acquired at an average cost of $11.65 per share, for a total transaction of $1,747,500,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Luc Volatier bought 451,263 shares of the stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $11.51 per share, with a total value of $5,194,037.13. Following the completion of the acquisition, the insider now owns 434,782 shares of the company’s stock, valued at approximately $5,004,340.82. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 156,499,674 shares of company stock valued at $1,823,271,995. 1.20% of the stock is currently owned by corporate insiders.

Shares of COTY stock opened at $13.12 on Thursday. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 3.09 and a beta of 0.88. The company has a quick ratio of 0.62, a current ratio of 0.95 and a debt-to-equity ratio of 1.00. Coty Inc has a fifty-two week low of $5.91 and a fifty-two week high of $14.87.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.06 billion. Coty had a positive return on equity of 5.78% and a negative net margin of 13.20%. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, research analysts anticipate that Coty Inc will post 0.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.50 dividend on an annualized basis and a yield of 3.81%. Coty’s payout ratio is currently 72.46%.

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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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