Coty Inc. (NYSE:COTY) major shareholder Cosmetics B.V. Jab bought 2,600,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was acquired at an average price of $16.30 per share, with a total value of $42,380,000.00. Following the completion of the purchase, the insider now directly owns 276,408,041 shares of the company’s stock, valued at approximately $4,505,451,068.30. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Coty Inc. (NYSE COTY) opened at 16.09 on Tuesday. The firm’s market capitalization is $12.05 billion. Coty Inc. has a 52 week low of $15.83 and a 52 week high of $27.98. The firm’s 50-day moving average price is $19.06 and its 200 day moving average price is $18.76.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.11%. Coty’s dividend payout ratio is -87.72%.

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Several equities analysts recently commented on the company. Barclays PLC set a $19.00 target price on Coty and gave the company a “hold” rating in a research note on Saturday, May 13th. Bank of America Corporation dropped their target price on Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. KeyCorp reiterated a “hold” rating on shares of Coty in a research note on Friday. Stifel Nicolaus set a $25.00 target price on Coty and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $18.00 target price (up from $17.00) on shares of Coty in a research note on Wednesday, August 23rd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Coty has an average rating of “Hold” and a consensus price target of $20.75.

About Coty

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.

Insider Buying and Selling by Quarter for Coty (NYSE:COTY)

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