American International Group Inc. Increases Stake in Coty Inc. (NYSE:COTY)

American International Group Inc. lifted its stake in Coty Inc. (NYSE:COTYFree Report) by 0.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 505,882 shares of the company’s stock after purchasing an additional 1,234 shares during the quarter. American International Group Inc. owned about 0.06% of Coty worth $6,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Swiss National Bank increased its holdings in Coty by 1.0% in the 3rd quarter. Swiss National Bank now owns 843,401 shares of the company’s stock worth $9,252,000 after buying an additional 8,100 shares during the period. Pathstone Family Office LLC acquired a new position in Coty in the 3rd quarter worth approximately $118,000. HighTower Advisors LLC increased its holdings in Coty by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 849,703 shares of the company’s stock worth $9,304,000 after buying an additional 4,186 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in Coty by 2.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 403,696 shares of the company’s stock worth $4,429,000 after buying an additional 8,556 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in Coty by 44.7% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 30,252 shares of the company’s stock worth $332,000 after buying an additional 9,350 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Price Performance

Coty stock opened at $9.84 on Tuesday. The company’s fifty day moving average price is $10.88 and its 200 day moving average price is $11.70. Coty Inc. has a 1 year low of $9.02 and a 1 year high of $13.46. The stock has a market capitalization of $8.54 billion, a P/E ratio of 42.78, a P/E/G ratio of 4.37 and a beta of 1.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.50 and a current ratio of 0.80.

Coty (NYSE:COTYGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Coty had a net margin of 3.59% and a return on equity of 8.75%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. As a group, equities research analysts anticipate that Coty Inc. will post 0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on COTY. Citigroup cut their price target on shares of Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Canaccord Genuity Group initiated coverage on shares of Coty in a report on Monday, April 15th. They issued a “buy” rating and a $14.00 price target on the stock. Canaccord Genuity Group initiated coverage on shares of Coty in a research note on Monday, April 15th. They set a “buy” rating and a $14.00 price objective on the stock. TD Cowen dropped their price objective on shares of Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, DA Davidson dropped their price objective on shares of Coty from $17.50 to $16.50 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Coty currently has a consensus rating of “Hold” and an average price target of $13.21.

View Our Latest Stock Report on Coty

About Coty

(Free Report)

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.

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Institutional Ownership by Quarter for Coty (NYSE:COTY)

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