Commerzbank Aktiengesellschaft FI grew its position in Avon Products, Inc. (NYSE:AVP) by 45.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,512,139 shares of the company’s stock after acquiring an additional 1,099,460 shares during the quarter. Commerzbank Aktiengesellschaft FI owned 0.80% of Avon Products worth $7,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in AVP. FMR LLC increased its stake in Avon Products by 219.8% in the 2nd quarter. FMR LLC now owns 29,804,223 shares of the company’s stock worth $113,256,000 after acquiring an additional 20,485,474 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Avon Products by 155.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,517,308 shares of the company’s stock valued at $13,366,000 after acquiring an additional 2,141,208 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Avon Products by 49.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,878,183 shares of the company’s stock valued at $22,338,000 after acquiring an additional 1,953,010 shares during the period. Shah Capital Management boosted its holdings in Avon Products by 15.1% during the 4th quarter. Shah Capital Management now owns 8,014,702 shares of the company’s stock valued at $17,231,000 after acquiring an additional 1,052,412 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Avon Products by 15.7% during the 2nd quarter. Renaissance Technologies LLC now owns 6,632,000 shares of the company’s stock valued at $25,202,000 after acquiring an additional 899,200 shares during the period. 83.21% of the stock is currently owned by institutional investors and hedge funds.
Avon Products, Inc. (AVP) opened at $2.18 on Tuesday. Avon Products, Inc. has a 1 year low of $1.85 and a 1 year high of $6.03. The company has a debt-to-equity ratio of -2.31, a current ratio of 1.42 and a quick ratio of 0.97. The firm has a market capitalization of $959.19, a P/E ratio of -9.48, a PEG ratio of 2.43 and a beta of 1.77.
Several brokerages have weighed in on AVP. ValuEngine upgraded Avon Products from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered Avon Products from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. DA Davidson reissued a “buy” rating and issued a $2.00 price target on shares of Avon Products in a research report on Monday, November 20th. Jefferies Group reduced their target price on Avon Products from $2.20 to $1.75 and set an “underperform” rating on the stock in a research report on Friday, November 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $3.00 price objective on shares of Avon Products in a report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Avon Products currently has an average rating of “Hold” and a consensus target price of $2.86.
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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).
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