Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Avon Products, Inc. (NYSE:AVP) by 169.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,362 shares of the company’s stock after purchasing an additional 32,268 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Avon Products were worth $114,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Shelton Capital Management acquired a new stake in shares of Avon Products during the second quarter worth $122,000. PEAK6 Investments L.P. acquired a new stake in shares of Avon Products during the third quarter worth $139,000. Schroder Investment Management Group acquired a new stake in shares of Avon Products during the third quarter worth $156,000. Engineers Gate Manager LP acquired a new stake in shares of Avon Products during the fourth quarter worth $210,000. Finally, Verition Fund Management LLC raised its holdings in shares of Avon Products by 27.3% during the second quarter. Verition Fund Management LLC now owns 58,058 shares of the company’s stock worth $221,000 after purchasing an additional 12,437 shares during the period. 83.21% of the stock is currently owned by institutional investors.

A number of brokerages have weighed in on AVP. Zacks Investment Research raised shares of Avon Products from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. Bank of America lowered shares of Avon Products from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $3.00 to $2.50 in a research report on Thursday, January 4th. ValuEngine upgraded shares of Avon Products from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. DA Davidson restated a “buy” rating and set a $2.00 price target on shares of Avon Products in a research report on Monday, November 20th. Finally, Stifel Nicolaus restated a “hold” rating and set a $3.00 price target on shares of Avon Products in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $2.86.

Avon Products, Inc. (NYSE:AVP) opened at $2.27 on Thursday. 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 $5.86.

WARNING: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2018/02/15/mitsubishi-ufj-kokusai-asset-management-co-ltd-raises-holdings-in-avon-products-inc-avp.html.

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)

Receive News & Ratings for Avon Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avon Products and related companies with MarketBeat.com's FREE daily email newsletter.