Mutual of America Capital Management LLC raised its holdings in shares of Avon Products, Inc. (NYSE:AVP) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,082 shares of the company’s stock after buying an additional 23,417 shares during the period. Mutual of America Capital Management LLC owned about 0.08% of Avon Products worth $1,353,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AVP. BlackRock Inc. boosted its position in shares of Avon Products by 14,920.7% during the first quarter. BlackRock Inc. now owns 46,294,214 shares of the company’s stock valued at $203,696,000 after buying an additional 45,986,012 shares during the period. FMR LLC boosted its position in shares of Avon Products by 881.2% during the first quarter. FMR LLC now owns 9,318,749 shares of the company’s stock valued at $41,003,000 after buying an additional 8,369,024 shares during the period. Vanguard Group Inc. boosted its position in shares of Avon Products by 3.9% during the first quarter. Vanguard Group Inc. now owns 40,109,692 shares of the company’s stock valued at $176,482,000 after buying an additional 1,495,063 shares during the period. LMR Partners LLP boosted its position in shares of Avon Products by 1,183.5% during the second quarter. LMR Partners LLP now owns 1,389,025 shares of the company’s stock valued at $5,278,000 after buying an additional 1,280,803 shares during the period. Finally, Highbridge Capital Management LLC boosted its position in shares of Avon Products by 1,812.5% during the first quarter. Highbridge Capital Management LLC now owns 1,273,478 shares of the company’s stock valued at $5,603,000 after buying an additional 1,206,892 shares during the period. Institutional investors and hedge funds own 84.24% of the company’s stock.

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Avon Products, Inc. (AVP) opened at 2.29 on Friday. Avon Products, Inc. has a 12 month low of $2.26 and a 12 month high of $6.96. The firm’s market capitalization is $1.01 billion. The stock’s 50 day moving average price is $2.48 and its 200-day moving average price is $3.45.

Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.10). The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. Avon Products’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.07 earnings per share. Equities analysts forecast that Avon Products, Inc. will post $0.14 earnings per share for the current year.

AVP has been the subject of several recent analyst reports. Zacks Investment Research lowered Avon Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 11th. DA Davidson assumed coverage on Avon Products in a report on Thursday, July 6th. They issued a “neutral” rating and a $4.25 price target for the company. Jefferies Group LLC assumed coverage on Avon Products in a report on Wednesday, September 13th. They issued an “underperform” rating and a $2.20 price target for the company. Deutsche Bank AG reiterated a “hold” rating and issued a $3.00 price target (down previously from $5.00) on shares of Avon Products in a report on Friday, August 4th. Finally, ValuEngine lowered Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Avon Products has an average rating of “Hold” and an average 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).

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

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