Nationwide Fund Advisors lessened its position in Avon Products, Inc. (NYSE:AVP) by 23.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 753,024 shares of the company’s stock after selling 235,633 shares during the quarter. Nationwide Fund Advisors owned 0.17% of Avon Products worth $2,861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Avon Products by 14,920.7% in the first quarter. BlackRock Inc. now owns 46,294,214 shares of the company’s stock valued at $203,696,000 after acquiring an additional 45,986,012 shares during the last quarter. Vanguard Group Inc. increased its stake in Avon Products by 3.9% in the first quarter. Vanguard Group Inc. now owns 40,109,692 shares of the company’s stock valued at $176,482,000 after acquiring an additional 1,495,063 shares during the last quarter. State Street Corp increased its stake in Avon Products by 1.7% in the first quarter. State Street Corp now owns 14,342,565 shares of the company’s stock valued at $63,106,000 after acquiring an additional 234,308 shares during the last quarter. FMR LLC increased its stake in Avon Products by 881.2% in the first quarter. FMR LLC now owns 9,318,749 shares of the company’s stock valued at $41,003,000 after acquiring an additional 8,369,024 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Avon Products by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,203,815 shares of the company’s stock valued at $31,696,000 after acquiring an additional 621,157 shares during the last quarter. 84.24% of the stock is currently owned by institutional investors and hedge funds.

Avon Products, Inc. (AVP) opened at 2.31 on Friday. The company’s market capitalization is $1.02 billion. Avon Products, Inc. has a 52 week low of $2.24 and a 52 week high of $6.96. The stock’s 50 day moving average price is $2.44 and its 200-day moving average price is $3.40.

Avon Products (NYSE:AVP) last posted 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). Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The business 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 firm earned $0.07 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts predict that Avon Products, Inc. will post $0.14 earnings per share for the current fiscal year.

A number of research analysts recently commented on AVP shares. Zacks Investment Research raised Avon Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th. DA Davidson started coverage on Avon Products in a research note on Thursday, July 6th. They issued a “neutral” rating and a $4.25 target price on the stock. Stifel Nicolaus reissued a “hold” rating on shares of Avon Products in a research note on Thursday, August 3rd. Royal Bank Of Canada reduced their target price 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, Deutsche Bank AG reissued a “hold” rating and issued a $3.00 target price (down previously from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $3.49.

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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).

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

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