Dynasty Wealth Management LLC Trims Stock Position in Coty Inc. (NYSE:COTY)

Dynasty Wealth Management LLC lessened its holdings in shares of Coty Inc. (NYSE:COTY) by 46.3% 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 17,137 shares of the company’s stock after selling 14,775 shares during the period. Dynasty Wealth Management LLC’s holdings in Coty were worth $119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in COTY. Banco Santander S.A. raised its stake in shares of Coty by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock valued at $217,029,000 after buying an additional 79,180 shares during the last quarter. State Street Corp raised 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 valued at $103,696,000 after acquiring an additional 251,964 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Coty by 11.3% during 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 in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Coty by 5.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock valued at $41,270,000 after purchasing an additional 287,061 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Coty by 8.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,039,384 shares of the company’s stock valued at $21,154,000 after purchasing an additional 234,768 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on COTY shares. Piper Sandler cut their price objective on shares of Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Morgan Stanley cut their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. DA Davidson restated a “buy” rating and issued a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. Evercore ISI cut their price objective on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Raymond James cut their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Coty has a consensus rating of “Moderate Buy” and an average target price of $9.89.

Coty Stock Down 0.4 %

Shares of NYSE COTY opened at $5.70 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $6.70 and a 200 day moving average of $7.79. The stock has a market cap of $4.97 billion, a PE ratio of -569.50, a P/E/G ratio of 0.81 and a beta of 1.89. Coty Inc. has a 12-month low of $5.42 and a 12-month high of $12.99.

Coty (NYSE:COTY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. As a group, sell-side analysts predict that Coty Inc. will post 0.39 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.