Filings Don’t Lie: Coty Inc: Jpmorgan Chase & Co Opened Big New Position

Filings Don't Lie: Coty Inc: Jpmorgan Chase & Co Opened Big New Position

The New Jpmorgan Chase & Co Holding in Coty Inc

Jpmorgan Chase & Co filed with the SEC SC 13G form for Coty Inc. The form can be accessed here: 000001961716001134. As reported in Jpmorgan Chase & Co’s form, the filler as of late owns 11.4% or 8,499,679 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 September 30, 2016. We feel this shows Jpmorgan Chase & Co’s positive view for the stock.

Coty Inc Institutional Sentiment

Latest Security and Exchange filings show 147 investors own Coty Inc. The institutional ownership in Q3 2015 is high, at 90.67% 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.

Business Profile

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.

Insitutional Activity: The institutional sentiment decreased to 0.54 in Q2 2016. Its down 0.27, from 0.81 in 2016Q1. The ratio is 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.

Manufacturers Life Ins Com The has 9,590 shares for 0% of their US portfolio. Metropolitan Life Insurance Ny owns 2,485 shares or 0% of their US portfolio. California Public Employees Retirement System accumulated 0% or 111,600 shares. Globeflex Capital Limited Partnership holds 0.04% of its portfolio in Coty Inc (NYSE:COTY) for 5,998 shares. Fmr Lc last reported 0.03% of its portfolio in the stock. Teachers Advsrs Incorporated holds 40,689 shares or 0% of its portfolio. Citadel Advsrs Ltd Liability Corporation last reported 0.02% of its portfolio in the stock. Aristotle Cap Limited has invested 1.29% of its portfolio in Coty Inc (NYSE:COTY). Diamond Hill Capital Mgmt accumulated 582,950 shares or 0.1% of the stock. Greenwich Inv accumulated 10,410 shares or 0.29% of the stock. Parametric Portfolio Ltd Liability Corporation holds 145,522 shares or 0.01% of its portfolio. Invesco, a Georgia-based fund reported 205,559 shares. Schwab Charles Mgmt Inc has 0% invested in the company for 153,433 shares. Barclays Public Ltd Co accumulated 18,042 shares or 0% of the stock. Winslow Evans & Crocker Inc has 0% invested in the company for 358 shares.

Insider Transactions: Since July 11, 2016, the stock had 8 insider purchases, and 1 insider sale for $73.35 million net activity. Another trade for 3,983 shares valued at $107,629 was sold by Froidefond Sebastien. On Thursday, August 25 the insider JAB Cosmetics B.V. bought $14.52M.

Analysts await Coty Inc (NYSE:COTY) to report earnings on November, 3. They expect $0.33 earnings per share, down 44.07% or $0.26 from last year’s $0.59 per share. COTY’s profit will be $257.70M for 18.81 P/E if the $0.33 EPS becomes a reality. After $0.13 actual earnings per share reported by Coty Inc for the previous quarter, Wall Street now forecasts 153.85% EPS growth.

About 20.41 million shares traded hands or 41.64% up from the average. Coty Inc (NYSE:COTY) has declined 10.71% since March 3, 2016 and is downtrending. It has underperformed by 19.05% 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 $19.38 billion. The Company’s fragrance products include a range of men’s and women’s products. It has a 59.07 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 8 analysts covering Coty (NYSE:COTY), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. $33 is the highest target while $20 is the lowest. The $28.04 average target is 12.97% above today’s ($24.82) stock price. Coty has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Coty Inc (NYSE:COTY) has “Neutral” rating given on Thursday, September 29 by B. Riley & Co. The firm has “Equal Weight” rating given on Tuesday, September 1 by Morgan Stanley. The stock of Coty Inc (NYSE:COTY) has “Underweight” rating given on Monday, November 30 by Morgan Stanley. The stock of Coty Inc (NYSE:COTY) earned “Buy” rating by Bank of America on Monday, October 3. Bank of America downgraded the shares of COTY in a report on Monday, April 18 to “Neutral” rating. The stock has “Hold” rating given by Piper Jaffray on Friday, August 14. The stock has “Sell” rating given by Berenberg on Friday, September 9. The stock of Coty Inc (NYSE:COTY) has “Neutral” rating given on Tuesday, July 21 by Sterne Agee CRT. Deutsche Bank maintained Coty Inc (NYSE:COTY) on Monday, August 17 with “Buy” rating. The stock of Coty Inc (NYSE:COTY) has “Buy” rating given on Friday, November 6 by Deutsche Bank.

More important recent Coty Inc (NYSE:COTY) news were published by: Moodys.com which released: “Moody’s assigns definitive Ba1 ratings to Coty Inc. facilities after close of …” on October 03, 2016, also Businesswire.com published article titled: “Coty Completes Merger with P&G Specialty Beauty Business”, Prnewswire.com published: “Coty Appoints Publicis Media as Its Lead Agency Globally” on September 16, 2016. More interesting news about Coty Inc (NYSE:COTY) was released by: Seekingalpha.com and their article: “A Look At The Procter And Gamble Company And Coty, Inc. Exchange Offer” with publication date: September 23, 2016.

According to Zacks Investment Research, “Coty Inc. is involved in the manufacturing, marketing and distribution of beauty products. It operates in three segments: Fragrances, Colour Cosmetics and Skin & Body Care. The Company’s brand consists of adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen. It sells the products through department stores, specialty retailers, perfumeries and pharmacies, mass-market retailers and duty-free shops in airports and cities and e-commerce channels. 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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