Federated Investors Inc. PA Lowers Position in Avon Products, Inc. (AVP)
Federated Investors Inc. PA trimmed its position in Avon Products, Inc. (NYSE:AVP) by 20.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,137 shares of the company’s stock after selling 58,922 shares during the quarter. Federated Investors Inc. PA owned approximately 0.05% of Avon Products worth $863,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in AVP. Capstone Asset Management Co. increased its position in Avon Products by 1.5% in the first quarter. Capstone Asset Management Co. now owns 38,157 shares of the company’s stock worth $168,000 after purchasing an additional 560 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Avon Products by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 153,153 shares of the company’s stock worth $674,000 after buying an additional 2,100 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Avon Products by 3.7% during the first quarter. Great West Life Assurance Co. Can now owns 480,533 shares of the company’s stock worth $2,109,000 after buying an additional 17,259 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in Avon Products by 1.2% during the first quarter. State Treasurer State of Michigan now owns 177,955 shares of the company’s stock worth $783,000 after buying an additional 2,100 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in Avon Products during the first quarter worth about $2,166,000. Hedge funds and other institutional investors own 84.24% of the company’s stock.
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Avon Products, Inc. (NYSE:AVP) opened at 2.54 on Monday. The company’s market cap is $1.12 billion. Avon Products, Inc. has a 12-month low of $2.40 and a 12-month high of $6.96. The stock’s 50 day moving average price is $2.75 and its 200 day moving average price is $3.66.
Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.10). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. Equities research analysts anticipate that Avon Products, Inc. will post $0.15 EPS for the current year.
A number of equities analysts have issued reports on AVP shares. ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. DA Davidson started coverage on Avon Products in a report on Thursday, July 6th. They set a “neutral” rating and a $4.25 target price on the stock. Stifel Nicolaus restated a “hold” rating on shares of Avon Products in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reduced their target price on Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.71.
About Avon Products
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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