PNC Financial Services Group Inc. raised its position in shares of Avon Products Inc. (NYSE:AVP) by 9.7% during the second quarter, Holdings Channel reports. The institutional investor owned 30,646 shares of the company’s stock after buying an additional 2,716 shares during the period. PNC Financial Services Group Inc.’s holdings in Avon Products were worth $116,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LS Investment Advisors LLC boosted its position in Avon Products by 72.7% in the second quarter. LS Investment Advisors LLC now owns 26,439 shares of the company’s stock worth $100,000 after buying an additional 11,129 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of Avon Products during the second quarter worth about $129,000. World Asset Management Inc raised its stake in shares of Avon Products by 2.5% in the second quarter. World Asset Management Inc now owns 34,710 shares of the company’s stock worth $131,000 after buying an additional 849 shares during the last quarter. Oakbrook Investments LLC raised its stake in shares of Avon Products by 80.3% in the second quarter. Oakbrook Investments LLC now owns 35,700 shares of the company’s stock worth $135,000 after buying an additional 15,900 shares during the last quarter. Finally, CIBC World Markets Inc. raised its stake in shares of Avon Products by 55.7% in the second quarter. CIBC World Markets Inc. now owns 39,169 shares of the company’s stock worth $148,000 after buying an additional 14,019 shares during the last quarter. 88.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Avon Products Inc. (NYSE:AVP) traded down 3.0828% during mid-day trading on Tuesday, hitting $5.9701. The stock had a trading volume of 873,587 shares. The stock’s 50-day moving average is $5.67 and its 200 day moving average is $4.70. Avon Products Inc. has a 12 month low of $2.21 and a 12 month high of $6.30. The firm’s market cap is $2.61 billion.
Avon Products (NYSE:AVP) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The business earned $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. The business’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Equities research analysts predict that Avon Products Inc. will post $0.14 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. B. Riley reiterated a “neutral” rating and issued a $5.25 price target on shares of Avon Products in a report on Tuesday, August 9th. Deutsche Bank AG boosted their price target on Avon Products from $7.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and issued a $4.00 price target on shares of Avon Products in a report on Thursday, July 14th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $7.54.
In other Avon Products news, insider John Higson purchased 10,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was acquired at an average price of $5.20 per share, for a total transaction of $52,000.00. Following the completion of the purchase, the insider now directly owns 64,341 shares in the company, valued at approximately $334,573.20. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is currently owned by company insiders.
Avon Products Company Profile
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion and Home consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products and nutritional products.
Want to see what other hedge funds are holding AVP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avon Products Inc. (NYSE:AVP).
Receive News & Ratings for Avon Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avon Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.