ARP Americas LLC Invests $111,000 in Avon Products, Inc. (AVP)

ARP Americas LLC purchased a new stake in shares of Avon Products, Inc. (NYSE:AVP) during the fourth quarter, Holdings Channel reports. The firm purchased 22,095 shares of the company’s stock, valued at approximately $111,000.

Several other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. raised its position in shares of Avon Products by 4.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 135,826 shares of the company’s stock worth $685,000 after buying an additional 6,090 shares during the last quarter. Comerica Bank increased its position in Avon Products by 5.0% in the fourth quarter. Comerica Bank now owns 329,311 shares of the company’s stock worth $1,818,000 after buying an additional 15,804 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Avon Products by 0.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,159,656 shares of the company’s stock worth $5,845,000 after buying an additional 5,546 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Avon Products during the fourth quarter worth approximately $4,727,000. Finally, Financial Partners Capital Management LLC increased its position in Avon Products by 0.3% in the third quarter. Financial Partners Capital Management LLC now owns 261,118 shares of the company’s stock worth $1,721,000 after buying an additional 800 shares in the last quarter. 89.26% of the stock is owned by institutional investors.

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

Shares of Avon Products, Inc. (NYSE:AVP) traded up 2.60% during midday trading on Monday, hitting $5.93. 7,494,369 shares of the stock were exchanged. The firm’s 50 day moving average is $5.51 and its 200-day moving average is $5.60. Avon Products, Inc. has a 1-year low of $2.75 and a 1-year high of $6.96. The stock’s market capitalization is $2.59 billion.

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A number of equities analysts have recently commented on AVP shares. Zacks Investment Research downgraded shares of Avon Products from a “hold” rating to a “strong sell” rating in a research note on Monday, January 9th. Jefferies Group LLC set a $8.00 target price on shares of Avon Products and gave the company a “buy” rating in a report on Wednesday, January 11th. RBC Capital Markets set a $4.00 target price on shares of Avon Products and gave the company a “hold” rating in a report on Tuesday, January 3rd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $7.00 target price on shares of Avon Products in a report on Saturday, November 12th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $7.54.

In other Avon Products news, Director Jose Armario acquired 18,215 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was bought at an average price of $5.50 per share, with a total value of $100,182.50. Following the purchase, the director now owns 18,215 shares of the company’s stock, valued at $100,182.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Fernando Acosta sold 85,198 shares of the company’s stock in a transaction on Friday, December 30th. The shares were sold at an average price of $5.06, for a total transaction of $431,101.88. Following the completion of the sale, the insider now directly owns 263,650 shares of the company’s stock, valued at approximately $1,334,069. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

About Avon Products

Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion and Home consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products and nutritional products.

5 Day Chart for NYSE:AVP

Want to see what other hedge funds are holding AVP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avon Products, Inc. (NYSE:AVP).

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