The New Price T Rowe Associates Inc Holding in Coty Inc
Price T Rowe Associates Inc filed with the SEC SC 13G/A form for Coty Inc. The form can be accessed here: 000008025516001348. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 3.0% or 23,072,626 shares of the Consumer Staples–company.
Coty Inc stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Price T Rowe Associates Inc ’s positive view for the stock. For a institutional investor managing $689.00 billion in assets and having 2216+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
Coty Inc Institutional Sentiment
Latest Security and Exchange filings show 147 investors own Coty Inc. The institutional ownership in Q3 2015 is high, at 89.36% of the outstanding shares. This is decreased by 2785289 the total institutional shares. 67105701 were the shares owned by these institutional investors. In total 29 funds opened new Coty Inc stakes, 54 increased stakes. There were 38 that closed positions and 52 reduced them.
6 managers had the stock in their top Ten. Notable investors are: Dynamo Internacional Gestao De Recursos Ltda., Msd Partners L.P…
Marlowe Partners Lp is an institutional investor bullish on Coty Inc, owning 254065 shares as of Q3 2015 for 4.51% of its portfolio. Permian Investment Partners Lp owns 907753 shares or 5.83% of its portfolio. NY Ratan Capital Management Lp have 13.72% of their stock portfolio for 2320033 shares. Further, Adi Capital Management Llc reported stake worth 9.35% of its US stock portfolio. The D5 Dynamo Internacional Gestao De Recursos Ltda owns 2612044 shares. Coty Inc is 21.11% of the manager’s US portfolio.
Coty Inc. is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli. Its color cosmetics products include lip, eye, nail and facial color products. The brands in its Color Cosmetics segment include Bourjois, Rimmel, Sally Hansen and OPI. Its skin & body care products include shower gels, deodorants, skin care and sun treatment products. Its skin & body care brands are adidas, Lancaster, philosophy and Playboy. The Company, through Hypermarcas S.A., engages in personal care and beauty business. The Brazil Acquisition segment includes product groupings, such as skin care, nail care, deodorants and hair care products. It operates in the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Price T Rowe Associates Inc website.
Insitutional Activity: The institutional sentiment decreased to 0.54 in Q2 2016. Its down 0.27, from 0.81 in 2016Q1. The ratio turned negative, as 35 funds sold all Coty Inc shares owned while 61 reduced positions. 18 funds bought stakes while 34 increased positions. They now own 57.07 million shares or 2.17% more from 55.85 million shares in 2016Q1.
Invesco holds 205,559 shares or 0% of its portfolio. Moreover, Envestnet Asset Management Incorporated has 0% invested in Coty Inc (NYSE:COTY) for 27,703 shares. Geode Mgmt Ltd Com, a Massachusetts-based fund reported 433,456 shares. Vanguard owns 3.95M shares or 0.01% of their US portfolio. State Of New Jersey Common Pension Fund D last reported 0.02% of its portfolio in the stock. Sei Invs Communications last reported 670 shares in the company. Blackrock Inv Mngmt Ltd Liability has invested 0% of its portfolio in Coty Inc (NYSE:COTY). Aristotle Mgmt Ltd Liability accumulated 4.57M shares or 1.29% of the stock. Taconic Advsrs L P, a New York-based fund reported 270,000 shares. Fdx Advsr Inc owns 7,874 shares or 0.01% of their US portfolio. Millennium Mgmt Ltd holds 0.03% or 466,086 shares in its portfolio. American holds 0% or 1,291 shares in its portfolio. Epoch Prns accumulated 0% or 45,819 shares. Walleye Trading Ltd last reported 7,585 shares in the company. Pinebridge Invs Ltd Partnership has 0% invested in the company for 1,700 shares.
Insider Transactions: Since July 11, 2016, the stock had 8 insider buys, and 1 sale for $73.35 million net activity. 225,000 Coty Inc (NYSE:COTY) shares with value of $6.06M were bought by JAB Cosmetics B.V.. $107,629 worth of Coty Inc (NYSE:COTY) was sold by Froidefond Sebastien on Monday, July 11.
The stock decreased 5.60% or $1.1 during the last trading session, hitting $18.55. About 16.36 million shares traded hands. Coty Inc (NYSE:COTY) has declined 32.12% since April 8, 2016 and is downtrending. It has underperformed by 37.77% the S&P500.
Coty Inc. is a beauty company. The Company operates through four divisions: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The company has a market cap of $12.42 billion. The Company’s fragrance products include a range of men’s and women’s products. It has a 230.89 P/E ratio. The Company’s fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
Coty Inc (NYSE:COTY) Ratings Coverage
Out of 9 analysts covering Coty (NYSE:COTY), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. $33 is the highest target while $20 is the lowest. The $27.18 average target is 46.52% above today’s ($18.55) stock price. Coty has been the topic of 21 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Friday, August 14 by B. Riley & Co. The rating was maintained by Deutsche Bank with “Buy” on Monday, August 17. On Tuesday, August 18 the stock rating was downgraded by Zacks to “Buy”. The firm has “Underweight” rating given on Monday, November 30 by Morgan Stanley. Citigroup maintained it with “Neutral” rating and $30 target price in Thursday, August 25 report. The firm earned “Neutral” rating on Tuesday, July 21 by Sterne Agee CRT. The firm has “Equal-Weight” rating given on Tuesday, November 1 by Morgan Stanley. Berenberg initiated it with “Sell” rating and $23 target price in Friday, September 9 report. The stock of Coty Inc (NYSE:COTY) has “Hold” rating given on Friday, August 14 by Piper Jaffray. The stock of Coty Inc (NYSE:COTY) earned “Equal Weight” rating by Morgan Stanley on Tuesday, September 1.
More important recent Coty Inc (NYSE:COTY) news were published by: Fool.com which released: “Why Shares of Coty Inc. Are on the Decline” on November 10, 2016, also Investorplace.com published article titled: “Why Coty Inc (COTY), Centene Corp (CNC) and Cemex SAB de CV (ADR) (CX) Are 3 …”, Moodys.com published: “Moody’s: Coty’s acquisition of Good Hair Day is credit negative; ratings …” on October 19, 2016. More interesting news about Coty Inc (NYSE:COTY) was released by: Finance.Yahoo.com and their article: “Coty Inc. to Webcast First Quarter Fiscal 2017 Financial Results on November 9 …” with publication date: October 24, 2016.
According to Zacks Investment Research, “Coty, Inc. manufactures, markets and distributes beauty products. The company’s operating division consists of Coty Consumer Beauty, which is focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances with brands such as COVERGIRL, Max Factor and Rimmel; Coty Luxury, which is focused on prestige fragrances and skincare with brands such as Calvin Klein, Marc Jacobs, Hugo Boss, Gucci and philosophy and Coty Professional Beauty, which is focused on servicing salon owners and professionals in both hair and nail, with brands such as Wella Professionals, Sebastian Professional and OPI. Coty, Inc. is headquartered in New York.”
COTY Company Profile
Coty Inc., incorporated on January 20, 1995, is a beauty company. The Firm operates through four divisions: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The Firm sells products in each of its divisions through retailers, including hypermarkets, supermarkets, independent and chain drug stores and pharmacies, upscale perfumeries, upscale and mid-tier department stores, nail salons, specialty retailers, duty-free shops and traditional food, drug and mass retailers. It sells a range of its products through travel retail sales channels, including duty-free shops, airlines, cruise lines and other tax-free zones. In addition, the Company sells its products through the Internet over its retail partners’ e-commerce sites and through online retailers, and the Company sells its philosophy products through philosophy-branded Websites and through direct marketing through television. The Firm operates in the Americas (comprising North, Central and South America); Europe, the Middle East and Africa (EMEA), and Asia Pacific (comprising Asia and Australia).
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