ING Groep NV purchased a new position in shares of Avon Products, Inc. (NYSE:AVP) during the second quarter, Holdings Channel reports. The institutional investor purchased 53,508 shares of the company’s stock, valued at approximately $203,000.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Avon Products during the fourth quarter worth $12,897,000. Teachers Advisors LLC increased its stake in Avon Products by 223.7% in the fourth quarter. Teachers Advisors LLC now owns 2,273,528 shares of the company’s stock valued at $11,459,000 after buying an additional 1,571,089 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in Avon Products during the fourth quarter valued at approximately $335,000. Capstone Asset Management Co. increased its stake in Avon Products by 1.5% in the first quarter. Capstone Asset Management Co. now owns 38,157 shares of the company’s stock valued at $168,000 after buying an additional 560 shares in the last quarter. Finally, Parametrica Management Ltd increased its stake in Avon Products by 119.7% in the first quarter. Parametrica Management Ltd now owns 29,338 shares of the company’s stock valued at $129,000 after buying an additional 15,985 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Avon Products, Inc. (AVP) traded down 0.36% on Friday, reaching $2.77. 2,721,702 shares of the company’s stock traded hands. The firm’s 50-day moving average is $3.51 and its 200 day moving average is $4.14. The firm’s market cap is $1.22 billion. Avon Products, Inc. has a 12 month low of $2.70 and a 12 month high of $6.96.

Avon Products (NYSE:AVP) last announced its earnings results on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.10. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. Avon Products’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 EPS. Equities analysts predict that Avon Products, Inc. will post $0.16 EPS for the current year.

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Several research firms recently commented on AVP. Zacks Investment Research downgraded shares of Avon Products from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and set a $4.00 target price (down from $4.50) on shares of Avon Products in a research report on Wednesday. ValuEngine downgraded shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. UBS AG cut their target price on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a research report on Friday, August 4th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $3.00 target price (down from $5.00) on shares of Avon Products in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Avon Products has a consensus rating of “Hold” and a consensus target price of $4.44.

Avon Products Company Profile

Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).

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Institutional Ownership by Quarter for Avon Products (NYSE:AVP)

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