Bank of America Corp DE Has $8.28 Million Stock Position in Coty Inc. (NYSE:COTY)

Bank of America Corp DE decreased its position in shares of Coty Inc. (NYSE:COTY - Free Report) by 39.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,189,843 shares of the company's stock after selling 774,742 shares during the quarter. Bank of America Corp DE owned approximately 0.14% of Coty worth $8,281,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COTY. Retirement Systems of Alabama lifted its stake in shares of Coty by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock valued at $3,092,000 after purchasing an additional 1,472 shares during the period. Stephens Inc. AR lifted its stake in shares of Coty by 12.0% in the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock valued at $108,000 after purchasing an additional 1,672 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Coty by 16.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock valued at $94,000 after purchasing an additional 1,893 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Coty by 26.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock valued at $69,000 after purchasing an additional 2,110 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after purchasing an additional 2,601 shares during the period. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Stock Performance

NYSE:COTY traded down $0.10 during mid-day trading on Wednesday, hitting $4.78. The stock had a trading volume of 4,760,483 shares, compared to its average volume of 5,654,765. Coty Inc. has a twelve month low of $4.46 and a twelve month high of $10.80. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of -477.50, a PEG ratio of 0.81 and a beta of 1.90. The company's 50 day simple moving average is $5.06 and its 200 day simple moving average is $6.16. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). Coty had a return on equity of 6.34% and a net margin of 0.22%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. The company's revenue was down 6.2% on a year-over-year basis. On average, equities research analysts forecast that Coty Inc. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut their price target on Coty from $8.00 to $6.50 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Berenberg Bank assumed coverage on Coty in a research note on Tuesday, March 25th. They set a "buy" rating and a $7.50 price objective on the stock. DA Davidson reaffirmed a "buy" rating and set a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Bank of America downgraded Coty from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $9.00 to $4.50 in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada dropped their price objective on Coty from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Coty presently has an average rating of "Hold" and a consensus target price of $7.80.

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.