Vanguard Group Inc. decreased its position in Avon Products, Inc. (NYSE:AVP) by 4.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 38,457,618 shares of the company’s stock after selling 1,652,074 shares during the period. Vanguard Group Inc. owned about 8.74% of Avon Products worth $146,138,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Avon Products by 14,920.7% in the 1st quarter. BlackRock Inc. now owns 46,294,214 shares of the company’s stock valued at $203,696,000 after acquiring an additional 45,986,012 shares in the last quarter. State Street Corp lifted its stake in Avon Products by 1.7% in the 1st quarter. State Street Corp now owns 14,342,565 shares of the company’s stock valued at $63,106,000 after acquiring an additional 234,308 shares in the last quarter. FMR LLC lifted its stake in Avon Products by 881.2% in the 1st quarter. FMR LLC now owns 9,318,749 shares of the company’s stock valued at $41,003,000 after acquiring an additional 8,369,024 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Avon Products by 9.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,203,815 shares of the company’s stock valued at $31,696,000 after acquiring an additional 621,157 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Avon Products by 11.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 5,800,000 shares of the company’s stock valued at $22,040,000 after acquiring an additional 600,000 shares in the last quarter. Hedge funds and other institutional investors own 84.24% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. UBS AG cut their target price on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a research note on Friday, August 4th. DA Davidson assumed coverage on Avon Products in a research note on Thursday, July 6th. They issued a “neutral” rating and a $4.25 target price on the stock. Royal Bank Of Canada cut their target price on Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $3.00 target price (down previously from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $3.49.

Avon Products, Inc. (AVP) opened at 2.28 on Friday. The firm’s market cap is $1.00 billion. Avon Products, Inc. has a 52-week low of $2.23 and a 52-week high of $6.96. The firm’s 50 day moving average price is $2.41 and its 200 day moving average price is $3.31.

Avon Products (NYSE:AVP) last posted its earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.10). Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts anticipate that Avon Products, Inc. will post $0.12 EPS for the current fiscal year.

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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).

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

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