Sumitomo Mitsui Trust Holdings Inc. Boosts Stake in Coty Inc (COTY)

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Coty Inc (NYSE:COTY) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,576,135 shares of the company’s stock after buying an additional 22,513 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Coty were worth $19,796,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC lifted its position in shares of Coty by 48.2% in the first quarter. Millennium Management LLC now owns 147,729 shares of the company’s stock worth $2,703,000 after buying an additional 48,080 shares in the last quarter. Bank of Montreal Can purchased a new stake in Coty during the second quarter valued at approximately $2,815,000. Nisa Investment Advisors LLC purchased a new stake in Coty during the second quarter valued at approximately $1,706,000. Cornerstone Wealth Management LLC purchased a new stake in Coty during the second quarter valued at approximately $1,220,000. Finally, BNP Paribas Arbitrage SA raised its position in Coty by 5.5% during the second quarter. BNP Paribas Arbitrage SA now owns 164,333 shares of the company’s stock valued at $2,317,000 after purchasing an additional 8,517 shares during the period. 67.55% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder Cosmetics B.V. Jab acquired 2,600,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were bought at an average price of $12.29 per share, with a total value of $31,954,000.00. Following the completion of the purchase, the insider now directly owns 291,138,041 shares in the company, valued at $3,578,086,523.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Pierre Laubies acquired 2,308,447 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was purchased at an average cost of $8.69 per share, for a total transaction of $20,060,404.43. Following the purchase, the chief executive officer now owns 2,308,447 shares of the company’s stock, valued at $20,060,404.43. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 13,623,447 shares of company stock worth $129,658,004. Insiders own 1.20% of the company’s stock.

A number of brokerages have issued reports on COTY. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. BMO Capital Markets upgraded Coty from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research report on Thursday, November 15th. Citigroup set a $11.00 price objective on Coty and gave the company a “buy” rating in a research report on Friday, November 9th. Morgan Stanley restated an “equal weight” rating and set a $10.00 price objective (down from $14.50) on shares of Coty in a research report on Thursday, November 8th. Finally, Royal Bank of Canada decreased their price objective on Coty from $23.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, November 8th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.86.

COTY opened at $8.58 on Monday. The company has a market cap of $6.44 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.86 and a beta of 0.47. Coty Inc has a one year low of $8.15 and a one year high of $21.68. The company has a current ratio of 0.99, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 7th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Coty had a positive return on equity of 5.72% and a negative net margin of 1.75%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, equities research analysts predict that Coty Inc will post 0.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.83%. Coty’s dividend payout ratio is 72.46%.

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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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