Coty Inc. (NYSE:COTY) Stock Position Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Coty Inc. (NYSE:COTY) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 231,116 shares of the company’s stock after selling 1,602 shares during the period. Mutual of America Capital Management LLC’s holdings in Coty were worth $2,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COTY. Geneos Wealth Management Inc. grew its position in Coty by 248.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 47,698 shares of the company’s stock worth $592,000 after acquiring an additional 33,997 shares in the last quarter. Graphene Investments SAS grew its position in Coty by 9.0% in the fourth quarter. Graphene Investments SAS now owns 245,900 shares of the company’s stock worth $3,054,000 after acquiring an additional 20,400 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Coty by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,779,642 shares of the company’s stock worth $22,103,000 after acquiring an additional 72,270 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Coty by 17,661.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 502,831 shares of the company’s stock worth $6,196,000 after acquiring an additional 500,000 shares in the last quarter. Finally, Arizona State Retirement System grew its position in Coty by 2.6% in the fourth quarter. Arizona State Retirement System now owns 112,082 shares of the company’s stock worth $1,392,000 after acquiring an additional 2,814 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Price Performance

NYSE:COTY opened at $11.05 on Friday. The stock has a market cap of $9.89 billion, a P/E ratio of 31.57, a PEG ratio of 5.98 and a beta of 1.82. Coty Inc. has a one year low of $9.02 and a one year high of $13.46. The company has a fifty day moving average price of $11.95 and a 200 day moving average price of $11.47. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58.

Coty (NYSE:COTY) last released its earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Coty had a net margin of 5.39% and a return on equity of 11.91%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. Analysts anticipate that Coty Inc. will post 0.45 earnings per share for the current year.

Insider Activity

In other news, Director Robert S. Singer sold 30,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the transaction, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Robert S. Singer sold 90,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the completion of the transaction, the director now owns 169,982 shares in the company, valued at approximately $2,134,973.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert S. Singer sold 30,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the completion of the sale, the director now directly owns 120,000 shares in the company, valued at approximately $1,524,000. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on COTY. Wells Fargo & Company boosted their target price on shares of Coty from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Citigroup decreased their target price on shares of Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday. Canaccord Genuity Group started coverage on shares of Coty in a report on Monday. They set a “buy” rating and a $14.00 price objective for the company. Canaccord Genuity Group started coverage on shares of Coty in a report on Monday. They set a “buy” rating and a $14.00 price objective for the company. Finally, TD Cowen decreased their price objective on shares of Coty from $16.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.19.

Coty Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.