The Vanguard Group, Inc. has recently announced that it has increased stake in Coty Inc (NYSE:COTY) by 12.24%. After grabbing 38.75 million shares, the institutional investor is now in possession of 4.22 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 4.35% having worth around $481.23 million. Moreover, Crédit Agricole Corporate & Inves increased its share by 0.12 million to have a control over 26.78 million shares. And ClearBridge Investments LLC raised its holdings to 0.26 million shares by acquiring 14.61 million shares or 1.64% of the stake.
Coty Inc (COTY) concluded trading on Wednesday at a closing price of $11.98, with 3.98 million shares of worth about $47.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.54% during that period and On Wednesday, January 24 the price saw a loss of about -2.68%. Currently the company’s common shares owned by public are about 852.80M shares, out of which, 389.94M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 16,357,723 shares in 22 of the transactions. In 10 selling transactions, insiders dumped 6,642,774 shares.
American Funds Insurance Series -, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Coty Inc American Funds Insurance Series – is currently holding 19.01 million shares of worth totaling $236.1 million. The company recently came buying 19.01 million shares which brought its stake up to 2.13% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 11899.0 shares, after which its hold over company’s outstanding shares expand to 1.41%, leaving 12.54 million shares with the mutual fund that have a worth of about $155.7 million. iShares Core S&P Mid Cap ETF, after buying 11.38 million shares, have now control over 1.28% of the stake in the company. It holds 10290.0 shares of worth $141.32 million.
However, the stock later moved at a day high price of 12.53, or with a loss of -2.68%. Stock saw a price change of -0.66% in past 5 days and over the past one month there was a price change of -4.01%. Year-to-date (YTD), COTY shares are showing a performance of -3.54% which increased to 25.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.02 but also hit the highest price of $13.46 during that period. The average intraday trading volume for Coty Inc shares is 4.52 million. The stock is currently trading -1.32% below its 20-day simple moving average (SMA20), while that difference is up 2.21% for SMA50 and it goes to 4.19% higher than SMA200.
The Vanguard Group, Inc. acquired 38.75 million shares of Coty Inc having value of about $481.23 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 4.22 million shares in the company valued at close to $50614769.22, or have control over 12.24% stake in the company. Coty Inc (NYSE: COTY) currently have 852.80M outstanding shares and institutions hold larger chunk of about 41.98% of that. Holding of mutual funds in the company is about 25.21% while other institutional holders and individual stake holders have control over 64.75% and 16.79% of the stake respectively.
The stock has a current market capitalization of $10.68B and its 3Y-monthly beta is at 1.89. PE ratio of stock for trailing 12 months is 28.61, while it has posted earnings per share of $0.42 in the same period. Its PEG reads 1.56 and has Quick Ratio of 0.49 while making debt-to-equity ratio of 1.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COTY, volatility over the week remained 2.76% while standing at 2.34% over the month.
Analysts are in expectations that Coty Inc (COTY) stock would likely to be making an EPS of $0.19 in the current quarter, while forecast for next quarter EPS is $0.06 and it is $0.56 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.14 which is $0.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -23.17% while it is estimated to increase by 34.61% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on October 17, 2023 offering a Market perform rating for the stock and assigned a target price of $11 to it.
