Barrow Hanley Mewhinney & Strauss LLC held its position in shares of Avon Products, Inc. (NYSE:AVP) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 266,743 shares of the company’s stock at the end of the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Avon Products were worth $1,344,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in shares of Avon Products during the fourth quarter valued at $4,727,000. Financial Partners Capital Management LLC increased its position in shares of Avon Products by 0.3% in the third quarter. Financial Partners Capital Management LLC now owns 261,118 shares of the company’s stock valued at $1,721,000 after buying an additional 800 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Avon Products by 156.7% in the third quarter. D. E. Shaw & Co. Inc. now owns 1,906,100 shares of the company’s stock valued at $10,788,000 after buying an additional 1,163,431 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Avon Products during the third quarter valued at $151,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Avon Products during the third quarter valued at $569,000. Institutional investors and hedge funds own 89.26% of the company’s stock.
Shares of Avon Products, Inc. (NYSE:AVP) traded down 1.35% during mid-day trading on Tuesday, hitting $5.85. 488,107 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $5.53 and a 200-day moving average price of $5.64. The company’s market capitalization is $2.56 billion. Avon Products, Inc. has a 52 week low of $2.75 and a 52 week high of $6.96.
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Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Avon Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 1st. Jefferies Group LLC set a $8.00 price objective on shares of Avon Products and gave the company a “buy” rating in a research note on Wednesday, January 11th. RBC Capital Markets set a $4.00 price objective on shares of Avon Products and gave the company a “hold” rating in a research note on Tuesday, January 3rd. Finally, B. Riley reiterated a “neutral” rating and set a $7.00 price objective on shares of Avon Products in a research note on Saturday, November 12th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $7.54.
In other news, insider Fernando Acosta sold 85,198 shares of the company’s stock in a transaction dated Friday, December 30th. The stock was sold at an average price of $5.06, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jose Armario purchased 18,215 shares of the stock in a transaction dated Monday, November 21st. The stock was bought at an average cost of $5.50 per share, with a total value of $100,182.50. Following the completion of the purchase, the director now owns 18,215 shares in the company, valued at $100,182.50. The disclosure for this purchase can be found here. Corporate insiders own 0.80% of the company’s stock.
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.
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