Noteworthy SEC Filing: Why Price T Rowe Associates Inc Reported Big Coty Inc Position?

Noteworthy SEC Filing: Why Price T Rowe Associates Inc  Reported Big Coty Inc Position?

The New Price T Rowe Associates Inc Holding in Coty Inc

Price T Rowe Associates Inc filed with the SEC SC 13G form for Coty Inc. The form can be accessed here: 000008025516001328. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 11.1% or 8,298,290 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 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 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.

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 fall, 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.

Goldman Sachs Gru holds 0.01% or 659,802 shares in its portfolio. Cap Fund holds 0.01% or 27,325 shares in its portfolio. Delta Asset Mngmt Ltd Company Tn holds 5,425 shares or 0.02% of its portfolio. State Street Corp holds 0% or 550,066 shares in its portfolio. Taconic Capital Advisors Lp last reported 1.08% of its portfolio in the stock. Victory Capital holds 0% of its portfolio in Coty Inc (NYSE:COTY) for 16,797 shares. Msd Lp has invested 4.54% of its portfolio in Coty Inc (NYSE:COTY). Walleye Trading Lc accumulated 0% or 7,585 shares. Nationwide Fund Advsrs has 0.02% invested in the company for 183,700 shares. Paloma Prtn holds 0.01% or 49,442 shares in its portfolio. Aqr Mngmt Ltd Limited Liability Company owns 534,849 shares or 0.02% of their US portfolio. Aperio Grp Inc Ltd Liability last reported 0.01% of its portfolio in the stock. Aristotle Mngmt Limited Company owns 4.57M shares or 1.29% of their US portfolio. Millennium Mngmt Limited Liability Company reported 466,086 shares or 0.03% of all its holdings. Moreover, Tower Cap Limited Liability (Trc) has 0.01% invested in Coty Inc (NYSE:COTY) for 2,025 shares.

Insider Transactions: Since July 11, 2016, the stock had 8 insider buys, and 1 insider sale for $73.35 million net activity. 225,000 shares were bought by JAB Cosmetics B.V., worth $6.06 million. On Monday, July 11 Froidefond Sebastien sold $107,629 worth of the stock or 3,983 shares.

Analysts await Coty Inc (NYSE:COTY) to report earnings on November, 3. They expect $0.33 EPS, down 44.07% or $0.26 from last year’s $0.59 per share. COTY’s profit will be $238.86M for 17.36 P/E if the $0.33 EPS becomes a reality. After $0.13 actual EPS reported by Coty Inc for the previous quarter, Wall Street now forecasts 153.85% EPS growth.

About 2.88 million shares traded hands. Coty Inc (NYSE:COTY) has declined 17.11% since March 8, 2016 and is downtrending. It has underperformed by 26.43% 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 $16.57 billion. The Company’s fragrance products include a range of men’s and women’s products. It has a 54.47 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 22.50% above today’s ($22.89) 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) earned “Sell” rating by Berenberg on Friday, September 9. The firm has “Buy” rating by Deutsche Bank given on Monday, August 17. The firm has “Hold” rating by JP Morgan given on Thursday, August 27. B. Riley & Co upgraded the shares of COTY in a report on Thursday, September 29 to “Neutral” rating. Deutsche Bank maintained Coty Inc (NYSE:COTY) rating on Friday, November 6. Deutsche Bank has “Buy” rating and $31 price target. The rating was downgraded by JP Morgan on Tuesday, August 25 to “Overweight”. As per Friday, August 14, the company rating was maintained by B. Riley & Co. Citigroup maintained the shares of COTY in a report on Thursday, August 25 with “Neutral” rating. As per Monday, April 18, the company rating was downgraded by Bank of America. The rating was maintained by Piper Jaffray with “Hold” on Friday, August 14.

More notable 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 Reuters.com with their article: “BRIEF-Jpmorgan chase reports 11.4 percent passive stake in Coty Inc” published on October 06, 2016, Businesswire.com published: “Coty Completes Merger with P&G Specialty Beauty Business” on October 03, 2016. More interesting news about Coty Inc (NYSE:COTY) were released by: Prnewswire.com and their article: “Coty Appoints Publicis Media as Its Lead Agency Globally” published on September 16, 2016 as well as Seekingalpha.com‘s news article titled: “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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