State Treasurer State of Michigan raised its position in Avon Products, Inc. (NYSE:AVP) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,355 shares of the company’s stock after buying an additional 3,400 shares during the period. State Treasurer State of Michigan’s holdings in Avon Products were worth $689,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in AVP. World Asset Management Inc raised its position in shares of Avon Products by 0.8% in the first quarter. World Asset Management Inc now owns 37,771 shares of the company’s stock worth $166,000 after buying an additional 293 shares during the period. Two Sigma Securities LLC raised its position in Avon Products by 1.9% in the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock worth $100,000 after buying an additional 420 shares during the period. Capstone Asset Management Co. raised its position in Avon Products by 1.5% in the first quarter. Capstone Asset Management Co. now owns 38,157 shares of the company’s stock worth $168,000 after buying an additional 560 shares during the period. Point View Wealth Management Inc. raised its position in Avon Products by 4.0% in the first quarter. Point View Wealth Management Inc. now owns 25,485 shares of the company’s stock worth $112,000 after buying an additional 981 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. raised its position in Avon Products by 0.7% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 198,060 shares of the company’s stock worth $873,000 after buying an additional 1,326 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Shares of Avon Products, Inc. (NYSE:AVP) traded down 3.11% during midday trading on Thursday, hitting $2.80. 1,831,517 shares of the company’s stock traded hands. The stock’s market cap is $1.23 billion. Avon Products, Inc. has a 52 week low of $2.77 and a 52 week high of $6.96. The company has a 50 day moving average of $3.55 and a 200 day moving average of $4.17.

Avon Products (NYSE:AVP) last released its quarterly earnings results 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. 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 period in the previous year, the company posted $0.07 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts forecast that Avon Products, Inc. will post $0.17 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on AVP shares. Zacks Investment Research lowered shares of Avon Products from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. ValuEngine lowered shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. DA Davidson started coverage on shares of Avon Products in a research report on Thursday, July 6th. They issued a “neutral” rating and a $4.25 price objective on the stock. Deutsche Bank AG reiterated a “hold” rating and issued a $3.00 price objective (down from $5.00) on shares of Avon Products in a research report on Friday, August 4th. Finally, Royal Bank Of Canada lowered their price objective on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $4.44.

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).

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

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