Deutsche Bank AG Sells 138,155 Shares of Coty (NYSE:COTY)

Key Points

• Deutsche Bank AG reduced its stake in Coty Inc. by selling 138,155 shares, lowering its ownership to 3,807,558 shares, valued at approximately $20.8 million.
• Several institutional investors are actively buying Coty shares, with Vanguard Group Inc. increasing its position by 5.8%, now holding over 37.6 million shares worth about $205.9 million.
• Brokerages have adjusted their price targets for Coty, with Citigroup lowering its target from $8.00 to $6.50 while maintaining a "buy" rating, indicating some confidence despite the adjustments.

Deutsche Bank AG reduced its stake in Coty (NYSE:COTY - Free Report) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,807,558 shares of the company's stock after selling 138,155 shares during the quarter. Deutsche Bank AG owned approximately 0.44% of Coty worth $20,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Coty by 140.2% during the first quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock valued at $30,000 after acquiring an additional 3,214 shares during the period. Callan Capital LLC bought a new stake in Coty during the first quarter valued at about $56,000. Impact Capital Partners LLC bought a new stake in Coty during the first quarter valued at about $61,000. Scotia Capital Inc. bought a new stake in Coty during the fourth quarter valued at about $70,000. Finally, Signaturefd LLC raised its holdings in Coty by 607.0% during the first quarter. Signaturefd LLC now owns 13,376 shares of the company's stock valued at $73,000 after acquiring an additional 11,484 shares during the period. 42.36% of the stock is owned by institutional investors.

Coty Trading Down 1.6%

Shares of NYSE:COTY traded down $0.08 during trading hours on Friday, hitting $4.91. 5,334,239 shares of the company's stock traded hands, compared to its average volume of 6,147,899. The business has a fifty day moving average price of $4.91 and a 200-day moving average price of $5.23. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.82 and a quick ratio of 0.51. Coty has a 1 year low of $4.46 and a 1 year high of $10.30. The firm has a market capitalization of $4.28 billion, a P/E ratio of -10.23, a price-to-earnings-growth ratio of 0.67 and a beta of 2.00.

Wall Street Analyst Weigh In

COTY has been the topic of a number of recent analyst reports. Citigroup decreased their price target on Coty from $8.00 to $6.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. Canaccord Genuity Group restated a "hold" rating and set a $5.00 price objective (down previously from $8.00) on shares of Coty in a research report on Thursday, May 8th. Royal Bank Of Canada cut their price objective on Coty from $13.00 to $12.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their price objective on Coty from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group cut their price objective on Coty from $8.00 to $6.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.80.

Coty Company 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.