Whittier Trust Co. Lowers Position in Coty Inc (NYSE:COTY)

Whittier Trust Co. lessened its holdings in Coty Inc (NYSE:COTY) by 41.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,969 shares of the company’s stock after selling 3,575 shares during the period. Whittier Trust Co.’s holdings in Coty were worth $67,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of COTY. Lenox Wealth Management Inc. increased its holdings in shares of Coty by 241.1% in the second quarter. Lenox Wealth Management Inc. now owns 19,631 shares of the company’s stock worth $263,000 after buying an additional 13,876 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Coty by 4.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 251,726 shares of the company’s stock worth $3,373,000 after purchasing an additional 10,243 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Coty by 323.3% in the second quarter. Nisa Investment Advisors LLC now owns 94,296 shares of the company’s stock worth $1,264,000 after purchasing an additional 72,020 shares during the last quarter. CENTRAL TRUST Co bought a new stake in shares of Coty in the second quarter worth about $43,000. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Coty by 1.4% in the second quarter. Xact Kapitalforvaltning AB now owns 80,810 shares of the company’s stock worth $1,083,000 after purchasing an additional 1,129 shares during the last quarter. Institutional investors own 72.16% of the company’s stock.

In other Coty news, CEO Pierre Laubies bought 648,228 shares of the stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of $11.64 per share, for a total transaction of $7,545,373.92. Following the completion of the acquisition, the chief executive officer now owns 2,956,675 shares of the company’s stock, valued at $34,415,697. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter Harf bought 4,675,301 shares of the stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $11.66 per share, with a total value of $54,514,009.66. Following the completion of the acquisition, the director now directly owns 140,000 shares of the company’s stock, valued at approximately $1,632,400. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 6,808,896 shares of company stock worth $79,804,250. Insiders own 1.20% of the company’s stock.

COTY has been the topic of several recent analyst reports. ValuEngine cut Coty from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Bank of America initiated coverage on Coty in a research note on Thursday, May 9th. They issued a “neutral” rating and a $12.00 target price on the stock. Barclays set a $14.00 target price on Coty and gave the stock a “hold” rating in a research note on Thursday, June 27th. BMO Capital Markets raised their target price on Coty to $15.00 and gave the stock a “positive” rating in a research note on Thursday, May 9th. Finally, BNP Paribas initiated coverage on Coty in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $17.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.77.

Coty stock traded up $0.03 during trading hours on Tuesday, hitting $10.18. 2,078,721 shares of the stock traded hands, compared to its average volume of 4,581,438. The business’s 50-day moving average price is $11.76. The company has a current ratio of 0.95, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $7.63 billion, a P/E ratio of 14.75, a PEG ratio of 2.37 and a beta of 0.69. Coty Inc has a one year low of $5.91 and a one year high of $14.14.

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

Coty 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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