Amalgamated Bank Raises Stake in Avon Products, Inc. (NYSE:AVP)

Amalgamated Bank boosted its stake in shares of Avon Products, Inc. (NYSE:AVP) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,567 shares of the company’s stock after buying an additional 58 shares during the period. Amalgamated Bank’s holdings in Avon Products were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AVP. Credit Agricole S A purchased a new position in shares of Avon Products during the fourth quarter valued at about $104,000. Acrospire Investment Management LLC increased its position in shares of Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock valued at $106,000 after buying an additional 6,058 shares during the period. A.R.T. Advisors LLC purchased a new position in shares of Avon Products during the fourth quarter valued at about $111,000. Point View Wealth Management Inc. increased its position in shares of Avon Products by 4.0% in the first quarter. Point View Wealth Management Inc. now owns 25,485 shares of the company’s stock valued at $112,000 after buying an additional 981 shares during the period. Finally, Parametrica Management Ltd increased its position in shares of 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 during the period. 85.43% of the stock is owned by institutional investors.

Shares of Avon Products, Inc. (NYSE:AVP) traded up 0.36% during midday trading on Wednesday, reaching $2.75. 2,399,261 shares of the company’s stock traded hands. Avon Products, Inc. has a 52-week low of $2.70 and a 52-week high of $6.96. The stock’s 50 day moving average price is $3.46 and its 200 day moving average price is $4.08. The firm’s market capitalization is $1.21 billion.

Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $0.07 EPS. The company’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Avon Products, Inc. will post $0.16 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Avon Products from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research note on Tuesday, May 2nd. Stifel Nicolaus restated a “hold” rating on shares of Avon Products in a research note on Thursday, August 3rd. Deutsche Bank AG restated a “hold” rating and set a $3.00 price objective (down from $5.00) on shares of Avon Products in a research note on Friday, August 4th. DA Davidson assumed coverage on shares of Avon Products in a research note on Thursday, July 6th. They set a “neutral” rating and a $4.25 price objective on the stock. Finally, Royal Bank Of Canada cut their price objective on shares of 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Avon Products has a consensus rating of “Hold” and an average price target 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).

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

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