Coty Inc. Class A (NYSE:COTY) Experiences Heavier than Usual Trading Volume


10,510K shares changed hands on Friday. Trading volume was up 954.28% over the stocks average daily volume.

There has been some buying insider activity on Coty Inc. Class A (NYSE:COTY) recently. Laurent Kleitman, President, Consumer Beauty purchased $584,660 worth of shares at a price of $18.86 on Thu the 15th. That brings the President, Consumer Beauty’s holdings to $1,169,320 as reported to the SEC.

These firms have also modified their investment in COTY. Toronto Dominion Bank grew its position by buying 80,538 shares an increase of 1,517.0% in the quarter. Toronto Dominion Bank controls 85,847 shares valued at $1,610,000. The total value of its holdings increased 1,577.1%. As of the end of the quarter Dynamic Technology Lab Private Ltd had bought 18,688 shares growing its stake by 156.4%. The value of the investment in COTY increased from $281,000 to $574,000 a change of 104.3% for the reporting period.

As of quarter end Ifm Investors Pty Ltd had disposed of a total of 3,728 shares trimming its position 24.6%. The value of the investment in Coty Inc. Class A went from $284,000 to $207,000 decreasing 27.1% quarter over quarter. As of the end of the quarter Manufacturers Life Insurance Company, The had disposed of 31,233 shares trimming its holdings by 13.8%. The value in dollars went from $4,110,000 to $3,666,000 a change of $444,000 since the last quarter.

Equity analyst Jefferies began coverage of the stock giving it an initial rating of “Hold”.

In the market the company is trading up since yesterday’s close of $19.165. Coty Inc. Class A also announced a dividend for shareholders that was paid on Tuesday the 13th of June 2017. The dividend was $0.125 per share for the quarter which comes to $0.50 on an annualized basis. This dividend represents a yield of $2.54. The ex-dividend date was Friday the 26th of May 2017.

Shares are trading at $19.23 which is marginally under the 50 day moving average which is $19.29 and which is marginally higher than the 200 day moving average of $18.83. The 50 day moving average went down $-0.06 or -0.32% and the 200 day average went up by +2.14%.

In the latest earnings report the EPS was $-0.28 and is expected to be $0.75 for the current year with 747,638,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.26 with next year’s EPS anticipated to be $0.91.

Coty Inc., launched on January 20, 1995, is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The Company sells products in each of its segments 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 Company operates in the Americas (comprising North, Central and South America); Europe, the Middle East and Africa (EMEA), and Asia Pacific (comprising Asia and Australia)..