Capstone Asset Management Co. decreased its position in Avon Products Inc. (NYSE:AVP) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,867 shares of the company’s stock after selling 690 shares during the period. Capstone Asset Management Co.’s holdings in Avon Products were worth $163,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. BlackRock Fund Advisors raised its position in shares of Avon Products by 53.5% in the second quarter. BlackRock Fund Advisors now owns 21,959,978 shares of the company’s stock worth $83,009,000 after buying an additional 7,649,195 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Avon Products by 384.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,903,593 shares of the company’s stock worth $14,756,000 after buying an additional 3,097,854 shares during the period. State Street Corp raised its position in Avon Products by 22.7% in the second quarter. State Street Corp now owns 14,457,512 shares of the company’s stock valued at $54,646,000 after buying an additional 2,671,758 shares during the last quarter. Vanguard Group Inc. raised its position in Avon Products by 6.2% in the second quarter. Vanguard Group Inc. now owns 32,766,163 shares of the company’s stock valued at $123,855,000 after buying an additional 1,905,824 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in Avon Products by 225.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,600,000 shares of the company’s stock valued at $9,828,000 after buying an additional 1,800,000 shares during the last quarter. Institutional investors own 88.26% of the company’s stock.
Shares of Avon Products Inc. (NYSE:AVP) opened at 6.00 on Friday. The stock’s 50 day moving average is $5.71 and its 200 day moving average is $4.73. The company’s market capitalization is $2.62 billion. Avon Products Inc. has a 52-week low of $2.21 and a 52-week high of $6.30.
Avon Products (NYSE:AVP) last posted its 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 company earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. Equities analysts expect that Avon Products Inc. will post $0.14 EPS for the current year.
Several equities analysts recently issued reports on AVP shares. Piper Jaffray Cos. restated a “neutral” rating and issued a $4.00 target price on shares of Avon Products in a report on Thursday, July 14th. B. Riley boosted their target price on shares of Avon Products from $4.50 to $5.25 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Avon Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Deutsche Bank AG boosted their target price on shares of Avon Products from $7.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $7.54.
In other Avon Products news, insider John Higson purchased 10,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was bought at an average cost of $5.20 per share, with a total value of $52,000.00. Following the transaction, the insider now directly owns 64,341 shares in the company, valued at approximately $334,573.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by insiders.
About Avon Products
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.
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