Jpmorgan Chase & Company Raised By $3.00 Million Its Ericsson (ERIC) Position; Coty Inc. (COTY) Had 5 Bulls

June 15, 2018 - By Winifred Garcia

Telefonaktiebolaget LM Ericsson (NASDAQ:publ) Logo

Jpmorgan Chase & Company increased Ericsson (ERIC) stake by 42991.83% reported in 2018Q1 SEC filing. Jpmorgan Chase & Company acquired 499,995 shares as Ericsson (ERIC)’s stock rose 6.15%. The Jpmorgan Chase & Company holds 501,158 shares with $3.21 million value, up from 1,163 last quarter. Ericsson now has $25.25B valuation. The stock decreased 0.39% or $0.03 during the last trading session, reaching $7.76. About 3.05 million shares traded. Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has risen 5.25% since June 15, 2017 and is uptrending. It has underperformed by 7.32% the S&P500.

Among 16 analysts covering Coty (NYSE:COTY), 5 have Buy rating, 1 Sell and 10 Hold. Therefore 31% are positive. Coty had 57 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, August 22. The company was maintained on Tuesday, October 3 by BMO Capital Markets. The stock of Coty Inc. (NYSE:COTY) earned “Sell” rating by Berenberg on Friday, September 9. The firm has “Neutral” rating by DA Davidson given on Friday, November 10. The company was maintained on Friday, November 6 by Deutsche Bank. The rating was upgraded by RBC Capital Markets to “Outperform” on Thursday, December 21. As per Tuesday, September 1, the company rating was initiated by Morgan Stanley. The company was maintained on Friday, February 9 by Citigroup. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, June 8 report. Morgan Stanley maintained it with “Equal-Weight” rating and $19 target in Wednesday, August 23 report. See Coty Inc. (NYSE:COTY) latest ratings:

31/05/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $20 New Target: $18 Maintain
11/05/2018 Broker: DA Davidson Rating: Hold New Target: $15.5000
11/05/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Hold Old Target: $20 Downgrade
10/05/2018 Broker: Berenberg Old Rating: Sell New Rating: Hold Upgrade
12/02/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $15 New Target: $17 Maintain
09/02/2018 Broker: Barclays Capital Rating: Hold New Target: $20.0
08/02/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $23.0 Maintain
09/02/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $21 New Target: $23 Maintain
08/02/2018 Broker: BMO Capital Markets Rating: Buy New Target: $24.0 Maintain
21/12/2017 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Upgrade

Among 20 analysts covering Ericsson (NASDAQ:ERIC), 4 have Buy rating, 4 Sell and 12 Hold. Therefore 20% are positive. Ericsson had 43 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Hold” rating by Citigroup given on Thursday, November 9. The firm earned “Mkt Underperform” rating on Wednesday, July 20 by Charter Equity. The firm has “Market Perform” rating given on Friday, March 11 by Wells Fargo. The firm earned “Hold” rating on Friday, June 30 by Canaccord Genuity. Goldman Sachs downgraded the shares of ERIC in report on Thursday, January 19 to “Sell” rating. Credit Suisse upgraded Telefonaktiebolaget LM Ericsson (NASDAQ:publ) on Monday, September 26 to “Neutral” rating. As per Friday, September 25, the company rating was upgraded by Liberum Capital. Zacks upgraded Telefonaktiebolaget LM Ericsson (NASDAQ:publ) on Wednesday, August 5 to “Hold” rating. The stock of Telefonaktiebolaget LM Ericsson (NASDAQ:publ) has “Neutral” rating given on Thursday, April 21 by Bank of America. The company was downgraded on Tuesday, May 3 by Swedbank.

More news for Telefonaktiebolaget LM Ericsson (NASDAQ:publ) were recently published by: Nasdaq.com, which released: “New Verizon CEO: 8 Things to Know About Hans Vestberg” on June 08, 2018. Seekingalpha.com‘s article titled: “Verizon: We Don’t Know About Vestberg, But Dividend Remains Well Covered” and published on June 12, 2018 is yet another important article.

Jpmorgan Chase & Company decreased Old Natl Bancorp Ind (NASDAQ:ONB) stake by 24,691 shares to 227,964 valued at $3.85M in 2018Q1. It also reduced Natural Health Trends Corp (NASDAQ:NHTC) stake by 20,665 shares and now owns 4,433 shares. Hms Hldgs Corp (NASDAQ:HMSY) was reduced too.

Since February 12, 2018, it had 3 buys, and 0 insider sales for $85.36 million activity. 15,000 shares were bought by Singer Robert S, worth $211,770. JAB Cosmetics B.V. bought 4.10M shares worth $84.48 million. Ramos Daniel E bought $669,796 worth of stock or 46,700 shares.

Coty Inc., together with its subsidiaries, makes, markets, sells, and distributes beauty products worldwide. The company has market cap of $10.81 billion. It operates in three divisions: Consumer Beauty, Luxury, and Professional Beauty. It currently has negative earnings. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

Investors sentiment increased to 1.04 in Q1 2018. Its up 0.09, from 0.95 in 2017Q4. It improved, as 29 investors sold Coty Inc. shares while 110 reduced holdings. 53 funds opened positions while 92 raised stakes. 476.59 million shares or 4.54% less from 499.23 million shares in 2017Q4 were reported. Parthenon Lc holds 0.44% or 103,204 shares. Moreover, Bbva Compass National Bank has 0.1% invested in Coty Inc. (NYSE:COTY). Liberty Mutual Gru Asset Mgmt holds 0.01% of its portfolio in Coty Inc. (NYSE:COTY) for 18,799 shares. Bnp Paribas Asset Mgmt reported 41,277 shares. Farmers & Merchants Inc owns 1,067 shares or 0% of their US portfolio. Moreover, Tci Wealth Advisors has 0% invested in Coty Inc. (NYSE:COTY) for 46 shares. 1,614 are held by Fincl Architects. State Board Of Administration Of Florida Retirement Sys reported 646,438 shares. United Kingdom-based Legal & General Grp Inc Pcl has invested 0.06% in Coty Inc. (NYSE:COTY). Heritage has 0.03% invested in Coty Inc. (NYSE:COTY) for 26,107 shares. United Kingdom-based Aviva Public Limited Liability Corporation has invested 0.03% in Coty Inc. (NYSE:COTY). Shell Asset Management, Netherlands-based fund reported 32,205 shares. Rampart Invest Mngmt Company Llc invested 0.01% in Coty Inc. (NYSE:COTY). Nordea Inv accumulated 28,152 shares. Atlantic Grp Lc reported 385 shares.

The stock increased 1.02% or $0.14 during the last trading session, reaching $14.4. About 3.32 million shares traded. Coty Inc. (NYSE:COTY) has declined 27.02% since June 15, 2017 and is downtrending. It has underperformed by 39.59% the S&P500. Some Historical COTY News: ; 21/03/2018 – S&PGR Rates Coty Inc. Unsecured Notes ‘BB’; 21/03/2018 – COTY – TO USE PROCEEDS, WITH BORROWINGS UNDER A CREDIT AGREEMENT TO REPAY, REFINANCE INDEBTEDNESS UNDER EXISTING CREDIT FACILITIES, AMONG OTHERS; 09/05/2018 – COTY 3Q NET REV. $2.22B, EST. $2.17B; 09/05/2018 – COTY 3Q ADJ EPS 13C, EST. 12C; 20/03/2018 – ABF Journal: BofA Merrill Lynch, JPMorgan Lead $8B Coty Refi; 20/03/2018 – COTY CUT TO Ba3 FROM Ba1 BY MOODY’S; 09/05/2018 – COTY INC QTRLY SHR LOSS DILUTED – REPORTED $0.10; 04/05/2018 – SL GREEN REALTY CORP – COTY IS EXPECTED TO TAKE POSSESSION OF PROPERTY IN JULY 2018; 09/05/2018 – Coty Inc. Declares Quarterly Dividend; 21/03/2018 – Moody’s Assigns B2 Rating To Coty’s Bond Offering

Coty Inc. (NYSE:COTY) Institutional Positions Chart

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