Avon Products, Inc. (AVP) Shares Sold by Financial Partners Capital Management LLC

Financial Partners Capital Management LLC cut its position in shares of Avon Products, Inc. (NYSE:AVP) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,528 shares of the company’s stock after selling 200 shares during the quarter. Financial Partners Capital Management LLC’s holdings in Avon Products were worth $473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Two Sigma Securities LLC lifted its stake in Avon Products by 1.9% during the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock worth $100,000 after purchasing an additional 420 shares during the last quarter. Alpine Global Management LLC bought a new position in Avon Products during the second quarter worth $100,000. Shelton Capital Management bought a new position in Avon Products during the second quarter worth $122,000. Oakbrook Investments LLC lifted its stake in Avon Products by 2.5% during the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock worth $124,000 after purchasing an additional 800 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its stake in Avon Products by 17.5% during the second quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after purchasing an additional 5,217 shares during the last quarter. Hedge funds and other institutional investors own 84.24% of the company’s stock.

Avon Products, Inc. (NYSE:AVP) remained flat at $2.27 during midday trading on Tuesday. 887,272 shares of the company’s stock were exchanged. Avon Products, Inc. has a 1-year low of $2.24 and a 1-year high of $6.96. The firm’s market cap is $998.68 million. The stock has a 50-day moving average price of $2.47 and a 200 day moving average price of $3.43.

Avon Products (NYSE:AVP) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $0.07 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. On average, analysts predict that Avon Products, Inc. will post $0.14 EPS for the current fiscal year.

Several equities analysts recently issued reports 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. DA Davidson assumed coverage on Avon Products in a research note on Thursday, July 6th. They set a “neutral” rating and a $4.25 price objective on the stock. 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. Royal Bank Of Canada reduced their price objective 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, UBS AG reduced their price objective 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. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $3.49.

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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).

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

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