Schwab Charles Investment Management Inc. Has $7.74 Million Position in Avon Products, Inc. (AVP)
Schwab Charles Investment Management Inc. lowered its holdings in Avon Products, Inc. (NYSE:AVP) by 19.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,036,703 shares of the company’s stock after selling 491,510 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.46% of Avon Products worth $7,740,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Securities LLC increased its stake in Avon Products by 1.9% in the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after acquiring an additional 420 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Avon Products during the first quarter worth about $140,000. Oakbrook Investments LLC grew 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 buying an additional 800 shares during the last quarter. LS Investment Advisors LLC grew 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 buying an additional 5,217 shares during the last quarter. Finally, World Asset Management Inc grew its stake in Avon Products by 0.8% during the first quarter. World Asset Management Inc now owns 37,771 shares of the company’s stock worth $166,000 after buying an additional 293 shares during the last quarter. 84.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of Avon Products, Inc. (NYSE:AVP) opened at 2.29 on Friday. The firm’s market cap is $1.01 billion. The firm has a 50-day moving average of $2.48 and a 200 day moving average of $3.45. Avon Products, Inc. has a 52 week low of $2.26 and a 52 week high of $6.96.
Avon Products (NYSE:AVP) last announced its 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). The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. Equities research analysts predict that Avon Products, Inc. will post $0.14 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on AVP. Zacks Investment Research lowered shares of Avon Products from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and issued a $4.00 price objective (down from $4.50) on shares of Avon Products in a report on Wednesday, August 9th. UBS AG cut their target price on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday, August 4th. Royal Bank Of Canada cut their target price on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, ValuEngine lowered shares of Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Avon Products has an average rating of “Hold” and a consensus target price of $3.49.
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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