Avon Products, Inc. (AVP) Stake Raised by Guggenheim Capital LLC

Guggenheim Capital LLC raised its stake in Avon Products, Inc. (NYSE:AVP) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 630,088 shares of the company’s stock after buying an additional 6,625 shares during the period. Guggenheim Capital LLC owned about 0.14% of Avon Products worth $3,176,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Advisors LLC increased its stake in Avon Products by 88.2% in the third quarter. BlackRock Advisors LLC now owns 386,788 shares of the company’s stock worth $2,189,000 after buying an additional 181,255 shares during the period. Engineers Gate Manager LP purchased a new stake in Avon Products during the third quarter worth $2,918,000. Bank of New York Mellon Corp increased its stake in Avon Products by 120.4% in the third quarter. Bank of New York Mellon Corp now owns 9,879,631 shares of the company’s stock worth $55,918,000 after buying an additional 5,397,542 shares during the period. New York State Teachers Retirement System increased its stake in Avon Products by 8.5% in the fourth quarter. New York State Teachers Retirement System now owns 828,962 shares of the company’s stock worth $4,178,000 after buying an additional 65,100 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Avon Products by 58.6% in the third quarter. Canada Pension Plan Investment Board now owns 489,610 shares of the company’s stock worth $2,771,000 after buying an additional 180,900 shares during the period. Institutional investors and hedge funds own 89.26% of the company’s stock.

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

Shares of Avon Products, Inc. (NYSE:AVP) traded down 1.35% during mid-day trading on Friday, reaching $4.40. 2,507,162 shares of the company’s stock traded hands. The company’s 50 day moving average is $4.37 and its 200-day moving average is $5.31. Avon Products, Inc. has a 52 week low of $3.52 and a 52 week high of $6.96. The firm’s market cap is $1.93 billion.

Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, February 16th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.08. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.62 billion. Avon Products had a negative return on equity of 2.30% and a negative net margin of 7.59%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities analysts expect that Avon Products, Inc. will post $0.29 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on AVP shares. Royal Bank of Canada set a $4.00 target price on Avon Products and gave the stock a “hold” rating in a research report on Tuesday, January 3rd. Zacks Investment Research downgraded Avon Products from a “hold” rating to a “strong sell” rating in a research report on Monday, January 9th. Jefferies Group LLC set a $8.00 price objective on Avon Products and gave the company a “buy” rating in a research report on Wednesday, January 11th. Finally, B. Riley reiterated a “neutral” rating and set a $5.25 price objective on shares of Avon Products in a research report on Friday, February 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $5.75.

In other Avon Products news, COO James S. Scully purchased 150,000 shares of the firm’s stock in a transaction on Thursday, February 23rd. The stock was purchased at an average cost of $4.37 per share, for a total transaction of $655,500.00. Following the transaction, the chief operating officer now owns 292,241 shares in the company, valued at approximately $1,277,093.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Fernando Acosta sold 77,154 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $4.32, for a total transaction of $333,305.28. Following the completion of the transaction, the insider now owns 197,579 shares of the company’s stock, valued at $853,541.28. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

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).

5 Day Chart for NYSE:AVP

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