Coty Inc (NYSE:COTY) major shareholder Cosmetics B.V. Jab purchased 1,550,000 shares of Coty stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $20.27 per share, with a total value of $31,418,500.00. Following the transaction, the insider now owns 287,558,041 shares in the company, valued at approximately $5,828,801,491.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Cosmetics B.V. Jab also recently made the following trade(s):
- On Wednesday, February 14th, Cosmetics B.V. Jab purchased 4,100,000 shares of Coty stock. The stock was acquired at an average cost of $20.60 per share, with a total value of $84,460,000.00.
- On Friday, November 17th, Cosmetics B.V. Jab purchased 2,800,000 shares of Coty stock. The stock was acquired at an average cost of $16.94 per share, with a total value of $47,432,000.00.
Coty Inc (NYSE COTY) traded up $0.69 on Wednesday, reaching $21.25. 6,381,605 shares of the company’s stock were exchanged, compared to its average volume of 5,544,858. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.76. The stock has a market cap of $15,304.61, a P/E ratio of -41.67, a price-to-earnings-growth ratio of 2.07 and a beta of 0.32. Coty Inc has a 1 year low of $14.24 and a 1 year high of $21.34.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Tuesday, February 27th. Coty’s dividend payout ratio is -98.04%.
Several analysts recently issued reports on COTY shares. Citigroup lifted their price target on shares of Coty from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, February 9th. BMO Capital Markets lifted their price target on shares of Coty from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Stifel Nicolaus reissued a “buy” rating on shares of Coty in a research report on Friday, February 9th. Wells Fargo & Co set a $17.00 price target on shares of Coty and gave the company a “hold” rating in a research report on Monday, December 11th. Finally, Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.63.
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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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