Vanguard Personalized Indexing Management LLC Reduces Stock Holdings in Coty Inc. (NYSE:COTY)

Posted by Defense World Staff on Jun 1st, 2023

Vanguard Personalized Indexing Management LLC lessened its holdings in shares of Coty Inc. (NYSE:COTY – Get Rating) by 52.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,399 shares of the company’s stock after selling 19,387 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Coty were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COTY. Dimensional Fund Advisors LP raised its stake in shares of Coty by 4.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,475,233 shares of the company’s stock valued at $59,888,000 after buying an additional 440,975 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in Coty by 2.2% in the fourth quarter. Yousif Capital Management LLC now owns 187,850 shares of the company’s stock valued at $1,608,000 after acquiring an additional 3,987 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Coty by 20.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,955 shares of the company’s stock worth $419,000 after purchasing an additional 8,377 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in shares of Coty by 111.8% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 138,605 shares of the company’s stock worth $876,000 after purchasing an additional 73,173 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Coty by 168.8% during the 3rd quarter. Renaissance Technologies LLC now owns 1,406,130 shares of the company’s stock worth $8,887,000 after purchasing an additional 883,030 shares during the period. 37.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on COTY shares. Citigroup started coverage on shares of Coty in a report on Thursday, February 16th. They set a “neutral” rating and a $15.00 price target on the stock. Barclays raised their target price on Coty from $11.00 to $12.00 in a research report on Thursday, May 11th. Raymond James upped their price target on Coty from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, April 20th. JPMorgan Chase & Co. lifted their target price on shares of Coty from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, February 13th. Finally, Stifel Nicolaus upped their price target on shares of Coty from $11.00 to $12.00 in a research report on Wednesday, May 10th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Coty currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.44.

Coty Stock Down 1.8 %

Shares of NYSE:COTY opened at $10.83 on Thursday. Coty Inc. has a 52-week low of $6.19 and a 52-week high of $12.64. The stock has a market cap of $9.24 billion, a P/E ratio of 54.15, a PEG ratio of 1.32 and a beta of 1.85. The business has a fifty day moving average of $11.68 and a two-hundred day moving average of $10.24. The company has a quick ratio of 0.40, a current ratio of 0.69 and a debt-to-equity ratio of 1.08.

Coty (NYSE:COTY – Get Rating) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.16. Coty had a net margin of 3.55% and a return on equity of 12.81%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Coty’s quarterly revenue was up 8.7% on a year-over-year basis. On average, research analysts expect that Coty Inc. will post 0.53 earnings per share for the current year.

Coty Company Profile

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Coty, Inc engages in the manufacture, market, sale, and distribution of branded beauty products. It operates through the following segments: Americas, EMEA, and Asia Pacific. The segments Americas, EMEA, and Asia Pacific focus on prestige fragrances, prestige skin care, prestige cosmetics, mass color cosmetics, mass fragrance, mass skin care and body care.