Comerica Bank lessened its position in Coty Inc (NYSE:COTY) by 1.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 86,245 shares of the company’s stock after selling 1,692 shares during the period. Comerica Bank’s holdings in Coty were worth $963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boenning & Scattergood Inc. lifted its position in Coty by 4.8% during the first quarter. Boenning & Scattergood Inc. now owns 25,225 shares of the company’s stock valued at $290,000 after purchasing an additional 1,150 shares during the period. Delta Asset Management LLC TN lifted its position in Coty by 12.5% during the fourth quarter. Delta Asset Management LLC TN now owns 10,825 shares of the company’s stock valued at $71,000 after purchasing an additional 1,200 shares during the period. Cetera Advisor Networks LLC lifted its position in Coty by 11.4% during the fourth quarter. Cetera Advisor Networks LLC now owns 16,348 shares of the company’s stock valued at $108,000 after purchasing an additional 1,673 shares during the period. Daiwa Securities Group Inc. lifted its position in Coty by 9.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 19,235 shares of the company’s stock valued at $126,000 after purchasing an additional 1,700 shares during the period. Finally, Regent Investment Management LLC lifted its position in Coty by 8.2% during the first quarter. Regent Investment Management LLC now owns 27,021 shares of the company’s stock valued at $311,000 after purchasing an additional 2,054 shares during the period. Hedge funds and other institutional investors own 73.45% of the company’s stock.

COTY opened at $12.58 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.95. Coty Inc has a 1-year low of $5.91 and a 1-year high of $14.87. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 2.83 and a beta of 0.66.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.97%. Coty’s dividend payout ratio (DPR) is presently 72.46%.

Several research firms have weighed in on COTY. Citigroup set a $14.00 price target on shares of Coty and gave the stock a “hold” rating in a research report on Thursday, May 30th. BMO Capital Markets increased their price target on shares of Coty to $15.00 and gave the stock a “positive” rating in a research report on Thursday, May 9th. Jefferies Financial Group reiterated a “hold” rating on shares of Coty in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Coty to $10.00 and gave the stock a “neutral” rating in a research report on Monday, February 11th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.70.

In other news, Director Olivier Goudet acquired 45,000 shares of Coty stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of $11.86 per share, with a total value of $533,700.00. Following the completion of the purchase, the director now directly owns 71,666 shares in the company, valued at approximately $849,958.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Pierre-Andre Terisse acquired 152,000 shares of Coty stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of $11.73 per share, with a total value of $1,782,960.00. Following the completion of the purchase, the chief financial officer now owns 152,000 shares of the company’s stock, valued at $1,782,960. The disclosure for this purchase can be found here. Over the last three months, insiders bought 156,808,896 shares of company stock valued at $1,827,304,250. Corporate insiders own 1.20% of the company’s stock.

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Coty Company 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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