Bronfman E.L. Rothschild L.P. Sells 25 Shares of Avery Dennison Corporation (AVY)

Bronfman E.L. Rothschild L.P. trimmed its holdings in shares of Avery Dennison Corporation (NYSE:AVY) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,712 shares of the industrial products company’s stock after selling 25 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Avery Dennison Corporation were worth $151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Avery Dennison Corporation by 3,215.2% during the first quarter. BlackRock Inc. now owns 6,908,540 shares of the industrial products company’s stock worth $556,829,000 after purchasing an additional 6,700,152 shares in the last quarter. State Street Corp lifted its position in shares of Avery Dennison Corporation by 0.4% during the first quarter. State Street Corp now owns 4,547,664 shares of the industrial products company’s stock worth $366,525,000 after purchasing an additional 19,238 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Avery Dennison Corporation by 21.3% during the second quarter. Victory Capital Management Inc. now owns 1,937,495 shares of the industrial products company’s stock worth $171,216,000 after purchasing an additional 340,139 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Avery Dennison Corporation by 110.5% during the second quarter. Principal Financial Group Inc. now owns 1,759,374 shares of the industrial products company’s stock worth $155,476,000 after purchasing an additional 923,548 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Avery Dennison Corporation by 10.4% during the first quarter. Geode Capital Management LLC now owns 1,004,783 shares of the industrial products company’s stock worth $80,884,000 after purchasing an additional 94,645 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on AVY. KeyCorp reissued a “hold” rating on shares of Avery Dennison Corporation in a research report on Friday. Robert W. Baird restated a “buy” rating and issued a $100.00 price target on shares of Avery Dennison Corporation in a research note on Friday, September 1st. Citigroup Inc. lifted their price target on shares of Avery Dennison Corporation from $106.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. BidaskClub upgraded shares of Avery Dennison Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research lowered shares of Avery Dennison Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $92.86.

ILLEGAL ACTIVITY NOTICE: “Bronfman E.L. Rothschild L.P. Sells 25 Shares of Avery Dennison Corporation (AVY)” was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://baseballnewssource.com/markets/avery-dennison-corporation-avy-holdings-cut-by-bronfman-e-l-rothschild-l-p/1601746.html.

In other Avery Dennison Corporation news, Director David E. I. Pyott sold 2,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $94.00, for a total transaction of $188,000.00. Following the completion of the transaction, the director now directly owns 16,601 shares in the company, valued at $1,560,494. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick Siewert sold 10,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $93.63, for a total value of $936,300.00. Following the transaction, the director now owns 10,519 shares of the company’s stock, valued at $984,893.97. The disclosure for this sale can be found here. Insiders have sold 12,298 shares of company stock valued at $1,152,312 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Shares of Avery Dennison Corporation (AVY) opened at 98.76 on Friday. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 23.20 and a beta of 1.18. The firm’s 50-day moving average is $94.02 and its 200 day moving average is $87.03. Avery Dennison Corporation has a 1-year low of $68.55 and a 1-year high of $99.26.

Avery Dennison Corporation (NYSE:AVY) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.10. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. Avery Dennison Corporation had a return on equity of 39.29% and a net margin of 6.14%. Avery Dennison Corporation’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. Equities analysts expect that Avery Dennison Corporation will post $4.83 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Wednesday, September 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.80 annualized dividend and a yield of 1.82%. Avery Dennison Corporation’s dividend payout ratio is currently 42.25%.

Avery Dennison Corporation Profile

Avery Dennison Corporation (Avery Dennison) is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s segments include Label and Graphic Materials (LGM); Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials (IHM).

Institutional Ownership by Quarter for Avery Dennison Corporation (NYSE:AVY)

Receive News & Ratings for Avery Dennison Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avery Dennison Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.