Larson Financial Group LLC Has $1.48 Million Stock Position in Coty Inc. (NYSE:COTY)

Larson Financial Group LLC cut its position in Coty Inc. (NYSE:COTY) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,214 shares of the company’s stock after selling 11,774 shares during the quarter. Larson Financial Group LLC’s holdings in Coty were worth $1,476,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COTY. Banco Santander S.A. raised its position in shares of 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 acquiring an additional 79,180 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Coty by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after purchasing an additional 890,626 shares during the period. Thrivent Financial for Lutherans grew its stake in Coty by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after purchasing an additional 656,952 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after buying an additional 1,687,045 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Coty by 789.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after buying an additional 4,954,362 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and set a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. Barclays lowered Coty from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. Wells Fargo & Company reduced their price target on Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Evercore ISI reiterated an “outperform” rating and issued a $15.00 price objective on shares of Coty in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. dropped their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.56.

Coty Stock Up 1.8 %

Coty stock opened at $7.32 on Monday. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of 43.06, a PEG ratio of 0.71 and a beta of 1.91. The stock has a fifty day simple moving average of $8.21 and a two-hundred day simple moving average of $9.30. Coty Inc. has a 12 month low of $6.93 and a 12 month high of $13.30. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm earned $0.09 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts predict that Coty Inc. will post 0.51 EPS for the current fiscal year.

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.