Filing To Observe: Coty Inc: Jpmorgan Chase & Co Opened Big New Position

Filing To Observe: 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/A form for Coty Inc. The form can be accessed here: 000001961716001194. As reported in Jpmorgan Chase & Co’s form, the filler as of late owns 1.9% or 14,730,621 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 October 31, 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 2016 Q2. Its down 0.27, from 0.81 in 2016Q1. The ratio turned 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.

Blackrock Advsrs Ltd Llc accumulated 0% or 28,280 shares. Retail Bank Of Montreal Can has 29,169 shares for 0% of their US portfolio. Kanaly Trust has invested 0% of its portfolio in Coty Inc (NYSE:COTY). The California-based Malaga Cove Cap Limited has invested 1.15% in Coty Inc (NYSE:COTY). Blackrock Institutional Tru Com Na holds 0.01% of its portfolio in Coty Inc (NYSE:COTY) for 1.46 million shares. Blackrock Gru Ltd last reported 1,091 shares in the company. Stifel Financial holds 0% or 9,405 shares in its portfolio. Point72 Asia (Hong Kong) Ltd holds 0.01% or 200 shares in its portfolio. Victory Cap last reported 16,797 shares in the company. Nationwide Fund Advsr holds 0.02% of its portfolio in Coty Inc (NYSE:COTY) for 183,700 shares. Commercial Bank Of America De reported 176,989 shares or 0% of all its holdings. Greenwich Inv Mngmt has 10,410 shares for 0.29% of their US portfolio. California Pub Employees Retirement owns 111,600 shares or 0% of their US portfolio. Putnam Invests Ltd Liability has invested 0.31% of its portfolio in Coty Inc (NYSE:COTY). Gamco Et Al has 9,080 shares for 0% of their US portfolio.

Insider Transactions: Since July 11, 2016, the stock had 8 insider purchases, and 1 insider sale for $73.35 million net activity. JAB Cosmetics B.V. had bought 225,000 shares worth $6.53 million on Friday, August 12. Froidefond Sebastien had sold 3,983 shares worth $107,629.

The stock closed at $21.89 during the last session. It is down 22.90% since April 5, 2016 and is downtrending. It has underperformed by 24.85% 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 $15.81 billion. The Company’s fragrance products include a range of men’s and women’s products. It has a 52.1 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 9 analysts covering Coty (NYSE:COTY), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. $33 is the highest target while $20 is the lowest. The $27.18 average target is 24.17% above today’s ($21.89) stock price. Coty has been the topic of 21 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, November 6 by Deutsche Bank. Berenberg initiated the shares of COTY in a report on Friday, September 9 with “Sell” rating. The rating was maintained by Citigroup on Thursday, February 4 with “Neutral”. The firm earned “Buy” rating on Monday, August 17 by Deutsche Bank. The firm has “Equal Weight” rating by Morgan Stanley given on Tuesday, September 1. The rating was maintained by JP Morgan on Thursday, August 27 with “Hold”. The stock of Coty Inc (NYSE:COTY) has “Neutral” rating given on Thursday, September 29 by B. Riley & Co. The firm has “Neutral” rating given on Thursday, August 25 by Citigroup. Morgan Stanley reinitiated it with “Equal-Weight” rating and $24 target price in Tuesday, November 1 report. The firm has “Hold” rating given on Friday, August 14 by Piper Jaffray.

Another recent and important Coty Inc (NYSE:COTY) news was published by Moodys.com which published an article titled: “Moody’s: Coty’s acquisition of Good Hair Day is credit negative; ratings …” on October 19, 2016.

According to Zacks Investment Research, “Coty, Inc. manufactures, markets and distributes beauty products. The company’s operating division consists of Coty Consumer Beauty, which is focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances with brands such as COVERGIRL, Max Factor and Rimmel; Coty Luxury, which is focused on prestige fragrances and skincare with brands such as Calvin Klein, Marc Jacobs, Hugo Boss, Gucci and philosophy and Coty Professional Beauty, which is focused on servicing salon owners and professionals in both hair and nail, with brands such as Wella Professionals, Sebastian Professional and OPI. 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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