Magnus Financial Group LLC acquired a new position in shares of Coty Inc (NYSE:COTY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,645 shares of the company’s stock, valued at approximately $90,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COTY. Oppenheimer Asset Management Inc. increased its holdings in shares of Coty by 28.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 361,001 shares of the company’s stock valued at $2,368,000 after acquiring an additional 80,016 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Coty by 33.7% in the 4th quarter. State of Alaska Department of Revenue now owns 205,777 shares of the company’s stock valued at $1,348,000 after acquiring an additional 51,884 shares during the period. Symons Capital Management Inc. increased its holdings in shares of Coty by 48.5% in the 4th quarter. Symons Capital Management Inc. now owns 713,795 shares of the company’s stock valued at $4,683,000 after acquiring an additional 233,142 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Coty in the 3rd quarter valued at $1,168,000. Finally, Pearl River Capital LLC purchased a new position in shares of Coty in the 4th quarter valued at $56,000. Institutional investors own 65.19% of the company’s stock.
Shares of COTY stock opened at $10.89 on Friday. Coty Inc has a 1-year low of $5.91 and a 1-year high of $19.01. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 0.99. The firm has a market cap of $8.18 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, February 27th. This represents a $0.50 annualized dividend and a yield of 4.59%. Coty’s dividend payout ratio (DPR) is 72.46%.
A number of research analysts have recently issued reports on COTY shares. TheStreet downgraded Coty from a “c-” rating to a “d+” rating in a report on Friday, December 7th. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Morgan Stanley set a $9.00 price target on Coty and gave the company a “hold” rating in a report on Thursday, December 20th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of Coty in a report on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.68.
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Coty Company Profile
Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances.
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