Alliancebernstein L.P. reduced its holdings in shares of Avon Products, Inc. (NYSE:AVP) by 91.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,100 shares of the company’s stock after selling 535,060 shares during the quarter. Alliancebernstein L.P.’s holdings in Avon Products were worth $183,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Oakbrook Investments LLC boosted its holdings in shares of Avon Products by 2.5% in the 2nd quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after buying an additional 800 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Avon Products by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock valued at $133,000 after buying an additional 5,217 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Avon Products by 5.7% in the 2nd quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock valued at $153,000 after buying an additional 2,165 shares during the last quarter. ING Groep NV acquired a new stake in shares of Avon Products in the 2nd quarter valued at approximately $203,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Avon Products by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 64,193 shares of the company’s stock valued at $244,000 after buying an additional 213 shares during the last quarter. 81.58% of the stock is owned by institutional investors.

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Avon Products, Inc. (AVP) opened at $1.87 on Wednesday. The company has a debt-to-equity ratio of -2.31, a quick ratio of 0.97 and a current ratio of 1.42. Avon Products, Inc. has a 12-month low of $1.85 and a 12-month high of $6.03.

Avon Products (NYSE:AVP) last released its earnings results on Thursday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Avon Products had a negative net margin of 1.40% and a negative return on equity of 3.68%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm earned $0.02 EPS. The business’s revenue was up .7% on a year-over-year basis. research analysts predict that Avon Products, Inc. will post -0.03 EPS for the current year.

AVP has been the subject of several research reports. Zacks Investment Research raised Avon Products from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $3.00 price target on shares of Avon Products in a report on Friday, November 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $3.00 price target on shares of Avon Products in a report on Friday, October 13th. Deutsche Bank AG reaffirmed a “hold” rating and set a $3.00 price target (down previously from $5.00) on shares of Avon Products in a report on Friday, August 4th. Finally, DA Davidson reaffirmed a “hold” rating and set a $2.00 price target on shares of Avon Products in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. Avon Products presently has an average rating of “Hold” and a consensus target price of $2.91.

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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