Candriam Luxembourg S.C.A. Acquires 7,239 Shares of Coty Inc (COTY)

Candriam Luxembourg S.C.A. boosted its holdings in shares of Coty Inc (NYSE:COTY) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 520,787 shares of the company’s stock after buying an additional 7,239 shares during the quarter. Candriam Luxembourg S.C.A. owned about 0.07% of Coty worth $9,531,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in COTY. Global X Management Co. LLC boosted its holdings in Coty by 375.1% during the first quarter. Global X Management Co. LLC now owns 46,091 shares of the company’s stock valued at $843,000 after acquiring an additional 36,389 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Coty by 15.7% in the first quarter. Daiwa Securities Group Inc. now owns 213,162 shares of the company’s stock valued at $3,901,000 after buying an additional 28,899 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in shares of Coty by 193.8% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 66,369 shares of the company’s stock valued at $1,206,000 after buying an additional 43,780 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Coty by 21.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 125,198 shares of the company’s stock valued at $2,291,000 after buying an additional 22,387 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of Coty by 32.5% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 109,372 shares of the company’s stock valued at $2,002,000 after buying an additional 26,829 shares during the period. Institutional investors own 65.68% of the company’s stock.

Several equities research analysts recently weighed in on COTY shares. Citigroup set a $18.00 target price on shares of Coty and gave the company a “buy” rating in a research note on Thursday, May 31st. Barclays set a $16.00 target price on shares of Coty and gave the company a “hold” rating in a research note on Thursday, May 10th. Berenberg Bank upgraded shares of Coty from a “sell” rating to a “hold” rating in a research note on Thursday, May 10th. Wells Fargo & Co set a $15.00 target price on shares of Coty and gave the company a “hold” rating in a research note on Wednesday, May 9th. Finally, Deutsche Bank cut shares of Coty from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a research note on Friday, May 11th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Coty has a consensus rating of “Hold” and an average target price of $18.12.

In other Coty news, insider Daniel E. Ramos bought 46,700 shares of the stock in a transaction on Tuesday, May 15th. The stock was purchased at an average price of $14.34 per share, with a total value of $669,678.00. Following the acquisition, the insider now owns 89,815 shares of the company’s stock, valued at $1,287,947.10. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel E. Ramos purchased 20,000 shares of Coty stock in a transaction dated Friday, May 11th. The shares were purchased at an average cost of $14.32 per share, for a total transaction of $286,400.00. Following the completion of the transaction, the insider now owns 89,815 shares of the company’s stock, valued at $1,286,150.80. The disclosure for this purchase can be found here. Insiders have acquired a total of 81,700 shares of company stock valued at $1,167,878 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Shares of Coty traded up $0.26, reaching $14.26, during midday trading on Thursday, Marketbeat.com reports. The company had a trading volume of 5,636,800 shares, compared to its average volume of 5,507,197. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.67. The firm has a market cap of $10.57 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.69 and a beta of 0.31. Coty Inc has a 1-year low of $12.92 and a 1-year high of $21.68.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Coty had a negative net margin of 3.13% and a positive return on equity of 4.31%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business posted $0.15 earnings per share. Coty’s revenue for the quarter was up 9.4% compared to the same quarter last year. sell-side analysts expect that Coty Inc will post 0.69 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, May 30th. Coty’s dividend payout ratio is presently 79.37%.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

Institutional Ownership by Quarter for Coty (NYSE:COTY)

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