Public Employees Retirement System of Ohio trimmed its holdings in Avon Products, Inc. (NYSE:AVP) by 24.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,334 shares of the company’s stock after selling 18,035 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Avon Products were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Mason Street Advisors LLC increased its stake in shares of Avon Products by 1.7% in the 3rd quarter. Mason Street Advisors LLC now owns 150,535 shares of the company’s stock worth $662,000 after acquiring an additional 2,588 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Avon Products by 2.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 132,340 shares of the company’s stock worth $513,000 after acquiring an additional 2,670 shares in the last quarter. US Bancorp DE increased its stake in shares of Avon Products by 10.9% in the 2nd quarter. US Bancorp DE now owns 36,191 shares of the company’s stock worth $140,000 after acquiring an additional 3,545 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Avon Products by 29.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 20,000 shares of the company’s stock worth $78,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Avon Products by 11.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,150 shares of the company’s stock worth $247,000 after acquiring an additional 5,846 shares in the last quarter. Institutional investors own 68.07% of the company’s stock.

Separately, ValuEngine upgraded shares of Avon Products from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $3.72.

Shares of Avon Products stock opened at $5.30 on Friday. The company has a 50-day moving average of $4.52 and a 200 day moving average of $4.22. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 176.67, a PEG ratio of 3.82 and a beta of 1.79. Avon Products, Inc. has a 1 year low of $1.30 and a 1 year high of $5.39.

Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.26 billion. Avon Products had a negative net margin of 0.47% and a negative return on equity of 16.56%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. Equities analysts anticipate that Avon Products, Inc. will post 0.26 EPS for the current fiscal year.

In other Avon Products news, VP Laura Barbrook sold 47,159 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $4.17, for a total transaction of $196,653.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.95% of the stock is currently owned by company insiders.

About Avon Products

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.

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

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