Nissay Asset Management Corp Japan ADV Purchases 417 Shares of Avery Dennison Corp (NYSE:AVY)

Share on StockTwits

Nissay Asset Management Corp Japan ADV increased its position in shares of Avery Dennison Corp (NYSE:AVY) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,578 shares of the industrial products company’s stock after purchasing an additional 417 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Avery Dennison were worth $1,093,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Trust N.A. lifted its position in Avery Dennison by 3.8% during the second quarter. Raymond James Trust N.A. now owns 2,561 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 93 shares during the period. Cigna Investments Inc. New lifted its position in Avery Dennison by 4.5% during the first quarter. Cigna Investments Inc. New now owns 2,322 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 100 shares during the period. Hummer Financial Advisory Services Inc lifted its position in Avery Dennison by 3.2% during the second quarter. Hummer Financial Advisory Services Inc now owns 3,210 shares of the industrial products company’s stock worth $366,000 after purchasing an additional 100 shares during the period. Ellevest Inc. lifted its position in Avery Dennison by 66.5% during the second quarter. Ellevest Inc. now owns 268 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 107 shares during the period. Finally, BKD Wealth Advisors LLC lifted its position in Avery Dennison by 4.3% during the first quarter. BKD Wealth Advisors LLC now owns 2,886 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 119 shares during the period. 88.55% of the stock is owned by institutional investors and hedge funds.

AVY has been the subject of several recent analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Avery Dennison in a research report on Monday, July 27th. BMO Capital Markets increased their target price on shares of Avery Dennison from $114.00 to $122.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. Robert W. Baird increased their target price on shares of Avery Dennison from $120.00 to $130.00 in a report on Wednesday, June 10th. Morgan Stanley increased their target price on shares of Avery Dennison from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. raised shares of Avery Dennison from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $115.00 in a report on Tuesday, July 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $126.17.

Avery Dennison stock opened at $113.34 on Friday. The business has a 50 day moving average of $115.99 and a 200-day moving average of $116.20. Avery Dennison Corp has a 1 year low of $76.96 and a 1 year high of $141.09. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.22 and a quick ratio of 0.86. The company has a market capitalization of $9.46 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.73 and a beta of 1.18.

Avery Dennison (NYSE:AVY) last released its quarterly earnings data on Monday, July 27th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.14. Avery Dennison had a return on equity of 45.88% and a net margin of 7.68%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The firm’s revenue was down 14.9% compared to the same quarter last year. Equities analysts anticipate that Avery Dennison Corp will post 6.1 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, September 1st. Avery Dennison’s dividend payout ratio is presently 35.15%.

In other Avery Dennison news, Director Bradley A. Alford sold 4,664 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $124.91, for a total transaction of $582,580.24. Following the completion of the sale, the director now owns 24,154 shares of the company’s stock, valued at approximately $3,017,076.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Susan C. Miller sold 6,080 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $118.98, for a total transaction of $723,398.40. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

About Avery Dennison

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films.

Recommended Story: How to build a Fibonacci channel

Institutional Ownership by Quarter for Avery Dennison (NYSE:AVY)

Receive News & Ratings for Avery Dennison Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Envestnet Asset Management Inc. Sells 209,720 Shares of Caleres Inc
Envestnet Asset Management Inc. Sells 209,720 Shares of Caleres Inc
Envestnet Asset Management Inc. Raises Stake in Monmouth R.E. Inv. Corp.
Envestnet Asset Management Inc. Raises Stake in Monmouth R.E. Inv. Corp.
Sunstone Hotel Investors Inc  Shares Sold by Envestnet Asset Management Inc.
Sunstone Hotel Investors Inc Shares Sold by Envestnet Asset Management Inc.
Momenta Pharmaceuticals, Inc.  SVP Sells $1,113,979.50 in Stock
Momenta Pharmaceuticals, Inc. SVP Sells $1,113,979.50 in Stock
United Continental Holdings Inc  Shares Sold by Janney Montgomery Scott LLC
United Continental Holdings Inc Shares Sold by Janney Montgomery Scott LLC
Home Bancshares  Trading 6% Higher
Home Bancshares Trading 6% Higher


© 2006-2020 Ticker Report