Ensign Peak Advisors Inc Sells 9,140 Shares of Coty Inc. (NYSE:COTY)

Ensign Peak Advisors Inc cut its stake in Coty Inc. (NYSE:COTY – Get Rating) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,130 shares of the company’s stock after selling 9,140 shares during the period. Ensign Peak Advisors Inc’s holdings in Coty were worth $664,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in COTY. Clearbridge Investments LLC boosted its holdings in Coty by 123.3% in the first quarter. Clearbridge Investments LLC now owns 16,862,950 shares of the company’s stock valued at $151,598,000 after acquiring an additional 9,311,527 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Coty by 20.0% during the 1st quarter. BlackRock Inc. now owns 46,632,257 shares of the company’s stock worth $419,223,000 after buying an additional 7,760,564 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Coty by 11,823.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,121,465 shares of the company’s stock worth $57,043,000 after buying an additional 7,061,739 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Coty by 119.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,312,124 shares of the company’s stock worth $74,726,000 after buying an additional 4,525,332 shares in the last quarter. Finally, Banco Santander S.A. boosted its holdings in shares of Coty by 241.9% during the 3rd quarter. Banco Santander S.A. now owns 6,317,039 shares of the company’s stock worth $39,924,000 after buying an additional 4,469,638 shares in the last quarter. 37.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COTY has been the topic of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $13.00 price target on shares of Coty in a report on Thursday, February 9th. Citigroup assumed coverage on Coty in a research report on Thursday, February 16th. They set a “neutral” rating and a $15.00 target price on the stock. Barclays upped their target price on Coty to $8.00 in a research report on Tuesday, November 15th. Wells Fargo & Company upped their target price on Coty from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $13.00 target price on shares of Coty in a research report on Wednesday, February 22nd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.84.

Coty Trading Down 0.1 %

Shares of Coty stock opened at $10.71 on Tuesday. Coty Inc. has a 1 year low of $5.90 and a 1 year high of $11.65. The firm has a market cap of $9.13 billion, a PE ratio of 76.50, a P/E/G ratio of 2.02 and a beta of 1.86. The stock has a fifty day moving average price of $10.34 and a 200-day moving average price of $8.44. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.65 and a quick ratio of 0.41.

Coty (NYSE:COTY – Get Rating) last announced its earnings results on Wednesday, February 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.07. Coty had a return on equity of 8.83% and a net margin of 2.51%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm posted $0.17 EPS. The business’s revenue was down 3.5% compared to the same quarter last year. Equities research analysts anticipate that Coty Inc. will post 0.36 EPS for the current year.

About Coty

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Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.