Edgar O. Huber Purchases 80,000 Shares of Coty Inc. (COTY) Stock
Coty Inc. (NYSE:COTY) insider Edgar O. Huber acquired 80,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $16.43 per share, for a total transaction of $1,314,400.00. Following the completion of the acquisition, the insider now owns 159,570 shares of the company’s stock, valued at $2,621,735.10. The transaction was disclosed in a filing with the SEC, which is available through this link.
Coty Inc. (COTY) traded up 2.61% during midday trading on Tuesday, hitting $16.51. 9,446,178 shares of the stock traded hands. The stock’s market cap is $12.36 billion. The company has a 50-day moving average price of $19.06 and a 200 day moving average price of $18.76. Coty Inc. has a one year low of $15.83 and a one year high of $27.98.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.50 annualized dividend and a yield of 3.03%. Coty’s dividend payout ratio is presently -87.72%.
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COTY has been the topic of several research reports. Zacks Investment Research lowered shares of Coty from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub raised shares of Coty from a “strong sell” rating to a “sell” rating in a report on Thursday, July 27th. KeyCorp reissued a “hold” rating on shares of Coty in a report on Friday. Royal Bank Of Canada reissued a “hold” rating and set a $22.00 price objective on shares of Coty in a report on Thursday, June 8th. Finally, Jefferies Group LLC initiated coverage on shares of Coty in a report on Friday, June 2nd. They set a “hold” rating and a $17.00 price objective on the stock. Four research 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. The company has a consensus rating of “Hold” and a consensus price target of $20.75.
Coty Company Profile
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.
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