Symons Capital Management Inc. Has $3.49 Million Position in Coty Inc (NYSE:COTY)

Symons Capital Management Inc. lowered its holdings in shares of Coty Inc (NYSE:COTY) by 10.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,653 shares of the company’s stock after selling 38,468 shares during the period. Symons Capital Management Inc.’s holdings in Coty were worth $3,485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of COTY. Xact Kapitalforvaltning AB boosted its stake in shares of Coty by 1.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 80,810 shares of the company’s stock valued at $1,083,000 after purchasing an additional 1,129 shares in the last quarter. Washington Trust Bank boosted its stake in shares of Coty by 2.7% in the 3rd quarter. Washington Trust Bank now owns 43,754 shares of the company’s stock valued at $460,000 after purchasing an additional 1,137 shares in the last quarter. US Bancorp DE boosted its stake in shares of Coty by 14.3% in the 2nd quarter. US Bancorp DE now owns 11,518 shares of the company’s stock valued at $154,000 after purchasing an additional 1,441 shares in the last quarter. Mackay Shields LLC boosted its stake in shares of Coty by 3.2% in the 3rd quarter. Mackay Shields LLC now owns 47,231 shares of the company’s stock valued at $496,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Advisor Partners LLC boosted its stake in shares of Coty by 9.3% in the 2nd quarter. Advisor Partners LLC now owns 18,904 shares of the company’s stock valued at $253,000 after purchasing an additional 1,603 shares in the last quarter. Hedge funds and other institutional investors own 38.01% of the company’s stock.

Several brokerages have recently commented on COTY. Bank of America boosted their target price on shares of Coty from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. DA Davidson boosted their target price on shares of Coty from $10.50 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. ValuEngine downgraded shares of Coty from a “sell” rating to a “strong sell” rating in a research note on Monday, October 21st. Wells Fargo & Co boosted their target price on shares of Coty from $11.00 to $13.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, TheStreet raised Coty from a “d+” rating to a “c” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.96.

In other news, Director Robert S. Singer acquired 15,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of $9.08 per share, with a total value of $136,200.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Pierre Laubies acquired 262,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were purchased at an average cost of $9.54 per share, with a total value of $2,499,480.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,218,675 shares in the company, valued at approximately $30,706,159.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 507,000 shares of company stock valued at $4,885,580 over the last three months. Company insiders own 2.20% of the company’s stock.

Shares of Coty stock traded down $0.16 during trading on Friday, reaching $12.84. The company’s stock had a trading volume of 5,293,161 shares, compared to its average volume of 9,858,644. The stock has a 50-day moving average price of $10.93 and a two-hundred day moving average price of $11.30. The company has a current ratio of 0.94, a quick ratio of 0.61 and a debt-to-equity ratio of 1.63. Coty Inc has a one year low of $5.91 and a one year high of $14.14. The stock has a market capitalization of $8.64 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 3.06 and a beta of 0.77.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. Coty had a positive return on equity of 6.89% and a negative net margin of 43.76%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same period in the previous year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coty Inc will post 0.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 3.89%. Coty’s dividend payout ratio is currently 76.92%.

Coty 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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