Blue Trust Inc. Boosts Stake in Coty Inc. (NYSE:COTY)

Blue Trust Inc. lifted its holdings in Coty Inc. (NYSE:COTY) by 124.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,984 shares of the company’s stock after buying an additional 3,877 shares during the quarter. Blue Trust Inc.’s holdings in Coty were worth $49,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Banco Santander S.A. boosted its position in Coty by 0.3% during the third quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock worth $217,029,000 after purchasing an additional 79,180 shares in the last quarter. State Street Corp boosted its position in Coty by 2.3% during the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after purchasing an additional 251,964 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Coty by 11.3% during the third quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after purchasing an additional 656,952 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after purchasing an additional 1,687,045 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Coty by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,901,380 shares of the company’s stock worth $27,244,000 after purchasing an additional 14,075 shares in the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on COTY shares. Canaccord Genuity Group restated a “buy” rating and issued a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. Raymond James reduced their price objective on Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. Barclays reduced their price objective on Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Finally, Stifel Nicolaus reduced their price objective on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.24.

Coty Stock Performance

Shares of NYSE:COTY opened at $6.75 on Monday. The firm has a market capitalization of $5.87 billion, a PE ratio of 39.68, a P/E/G ratio of 0.72 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The business has a 50-day moving average of $7.17 and a two-hundred day moving average of $8.13. Coty Inc. has a 12 month low of $6.59 and a 12 month high of $13.30.

Coty Company 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.