Swiss National Bank Has $13.15 Million Position in Coty Inc (NYSE:COTY)

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Swiss National Bank cut its stake in shares of Coty Inc (NYSE:COTY) by 39.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 981,429 shares of the company’s stock after selling 645,519 shares during the quarter. Swiss National Bank owned approximately 0.13% of Coty worth $13,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Coty by 1.8% during the 1st quarter. BlackRock Inc. now owns 31,892,606 shares of the company’s stock worth $366,764,000 after buying an additional 572,108 shares during the period. Geode Capital Management LLC lifted its holdings in Coty by 13.4% during the 4th quarter. Geode Capital Management LLC now owns 6,126,184 shares of the company’s stock worth $40,118,000 after buying an additional 723,539 shares during the period. OppenheimerFunds Inc. lifted its holdings in Coty by 3,576.5% during the 1st quarter. OppenheimerFunds Inc. now owns 3,791,689 shares of the company’s stock worth $43,604,000 after buying an additional 3,688,556 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Coty by 58.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 3,121,493 shares of the company’s stock worth $35,897,000 after buying an additional 1,154,562 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Coty by 440.0% during the 1st quarter. SG Americas Securities LLC now owns 2,319,616 shares of the company’s stock worth $26,676,000 after buying an additional 1,890,040 shares during the period. 64.47% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Peter Harf bought 309,222 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $13.04 per share, with a total value of $4,032,254.88. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

A number of brokerages have recently issued reports on COTY. Citigroup downgraded Coty from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $14.00 to $10.00 in a research note on Tuesday, July 2nd. Bank of America began coverage on Coty in a research note on Thursday, May 9th. They issued a “neutral” rating and a $12.00 price objective on the stock. DA Davidson dropped their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Barclays set a $14.00 price objective on Coty and gave the company a “hold” rating in a research note on Thursday, June 27th. Finally, Exane BNP Paribas began coverage on Coty in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $17.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.54.

Shares of NYSE:COTY opened at $8.68 on Friday. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 1.96 and a beta of 0.69. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.62. The business’s 50-day moving average is $10.55 and its 200-day moving average is $11.42. Coty Inc has a 1 year low of $5.91 and a 1 year high of $14.14.

About Coty

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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