455,196 Shares in Avon Products, Inc. (AVP) Acquired by Bogle Investment Management L P DE

Bogle Investment Management L P DE acquired a new position in shares of Avon Products, Inc. (NYSE:AVP) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 455,196 shares of the company’s stock, valued at approximately $2,002,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC raised its position in shares of Avon Products by 881.2% in the first quarter. FMR LLC now owns 9,318,749 shares of the company’s stock worth $41,003,000 after buying an additional 8,369,024 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Avon Products by 44.7% in the first quarter. Bank of New York Mellon Corp now owns 18,164,379 shares of the company’s stock worth $79,923,000 after buying an additional 5,611,575 shares during the last quarter. Norges Bank purchased a new position in shares of Avon Products during the fourth quarter worth $12,897,000. Teachers Advisors LLC raised its position in shares of Avon Products by 223.7% in the fourth quarter. Teachers Advisors LLC now owns 2,273,528 shares of the company’s stock worth $11,459,000 after buying an additional 1,571,089 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Avon Products by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,582,658 shares of the company’s stock worth $33,178,000 after buying an additional 1,442,984 shares during the last quarter. Hedge funds and other institutional investors own 89.26% of the company’s stock.

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

Avon Products, Inc. (NYSE AVP) remained flat at $3.54 on Friday. The stock had a trading volume of 2,990,031 shares. Avon Products, Inc. has a 1-year low of $3.24 and a 1-year high of $6.96. The firm has a 50-day moving average of $3.86 and a 200-day moving average of $4.74. The firm’s market cap is $1.56 billion.

Avon Products (NYSE:AVP) last issued its earnings results on Thursday, May 4th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.33 billion. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) earnings per share. Equities analysts forecast that Avon Products, Inc. will post $0.22 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “455,196 Shares in Avon Products, Inc. (AVP) Acquired by Bogle Investment Management L P DE” was reported by Mideast Time and is the sole property of of Mideast Time. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.mideasttime.com/455196-shares-in-avon-products-inc-avp-acquired-by-bogle-investment-management-l-p-de/1767179.html.

A number of research analysts have recently weighed in on AVP shares. Zacks Investment Research lowered Avon Products from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Royal Bank of Canada restated a “hold” rating and set a $4.00 price objective on shares of Avon Products in a research report on Friday, March 24th. Jefferies Group LLC restated a “buy” rating and set a $8.00 price objective on shares of Avon Products in a research report on Thursday, February 16th. ValuEngine lowered Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, B. Riley restated a “neutral” rating and set a $5.25 price objective on shares of Avon Products in a research report on Wednesday, February 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Avon Products has an average rating of “Hold” and an average target price of $5.75.

In related news, insider Fernando Acosta sold 77,154 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $4.32, for a total transaction of $333,305.28. Following the sale, the insider now owns 197,579 shares of the company’s stock, valued at $853,541.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is currently owned by insiders.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AVP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding AVP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avon Products, Inc. (NYSE:AVP).

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



Leave a Reply

 
© 2006-2017 Mideast Time.