Coty Inc. (NYSE:COTY) major shareholder Cosmetics B.V. Jab acquired 1,800,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $16.70 per share, with a total value of $30,060,000.00. Following the completion of the purchase, the insider now owns 279,608,041 shares in the company, valued at approximately $4,669,454,284.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Cosmetics B.V. Jab also recently made the following trade(s):

  • On Wednesday, November 15th, Cosmetics B.V. Jab acquired 5,400,000 shares of Coty stock. The shares were bought at an average price of $16.85 per share, with a total value of $90,990,000.00.
  • On Monday, August 28th, Cosmetics B.V. Jab acquired 2,600,000 shares of Coty stock. The shares were bought at an average price of $16.30 per share, with a total value of $42,380,000.00.

Coty Inc. (NYSE COTY) traded up $0.03 during midday trading on Friday, reaching $16.85. The company had a trading volume of 5,428,400 shares, compared to its average volume of 5,623,346. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. Coty Inc. has a one year low of $14.24 and a one year high of $20.88. The stock has a market cap of $12,810.00, a PE ratio of 30.59, a PEG ratio of 1.70 and a beta of 0.32.

Coty (NYSE:COTY) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm earned $0.23 EPS. The firm’s revenue was up 107.3% compared to the same quarter last year. sell-side analysts predict that Coty Inc. will post 0.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.50 annualized dividend and a dividend yield of 2.97%. Coty’s dividend payout ratio (DPR) is -84.75%.

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COTY has been the subject of a number of recent research reports. Stifel Nicolaus set a $25.00 price objective on Coty and gave the company a “buy” rating in a research note on Monday, August 21st. BMO Capital Markets set a $24.00 price objective on Coty and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Bank of America Corporation cut their price objective on Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Deutsche Bank AG reiterated a “buy” rating and set a $20.00 price objective (down from $22.00) on shares of Coty in a research note on Wednesday, August 23rd. Finally, Morgan Stanley cut their price objective on Coty from $22.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Coty has an average rating of “Hold” and an average price target of $19.30.

About Coty

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Insider Buying and Selling by Quarter for Coty (NYSE:COTY)

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