Northwestern Mutual Investment Management Company LLC Sells 179 Shares of Avon Products, Inc. (AVP)

Northwestern Mutual Investment Management Company LLC reduced its stake in shares of Avon Products, Inc. (NYSE:AVP) by 0.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 75,301 shares of the company’s stock after selling 179 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Avon Products were worth $285,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AVP. BlackRock Inc. increased its holdings in Avon Products by 14,920.7% during the 1st quarter. BlackRock Inc. now owns 46,294,214 shares of the company’s stock worth $203,696,000 after purchasing an additional 45,986,012 shares in the last quarter. FMR LLC increased its holdings in Avon Products by 881.2% during the 1st quarter. FMR LLC now owns 9,318,749 shares of the company’s stock worth $41,003,000 after purchasing an additional 8,369,024 shares in the last quarter. Vanguard Group Inc. increased its holdings in Avon Products by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 40,109,692 shares of the company’s stock worth $176,482,000 after purchasing an additional 1,495,063 shares in the last quarter. LMR Partners LLP increased its holdings in Avon Products by 1,183.5% during the 2nd quarter. LMR Partners LLP now owns 1,389,025 shares of the company’s stock worth $5,278,000 after purchasing an additional 1,280,803 shares in the last quarter. Finally, Highbridge Capital Management LLC increased its holdings in Avon Products by 1,812.5% during the 1st quarter. Highbridge Capital Management LLC now owns 1,273,478 shares of the company’s stock worth $5,603,000 after purchasing an additional 1,206,892 shares in the last quarter. 84.24% of the stock is owned by hedge funds and other institutional investors.

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Avon Products, Inc. (NYSE AVP) opened at 2.48 on Tuesday. The company’s market capitalization is $1.09 billion. The stock has a 50 day moving average price of $2.72 and a 200 day moving average price of $3.64. Avon Products, Inc. has a 12-month low of $2.40 and a 12-month high of $6.96.

Avon Products (NYSE:AVP) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.10). The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. Avon Products’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned $0.07 EPS. On average, analysts expect that Avon Products, Inc. will post $0.15 EPS for the current year.

AVP has been the subject of a number of recent research reports. Jefferies Group LLC initiated coverage on Avon Products in a report on Wednesday, September 13th. They set an “underperform” rating and a $2.20 price objective for the company. Stifel Nicolaus reissued a “hold” rating on shares of Avon Products in a report on Thursday, August 3rd. Zacks Investment Research lowered Avon Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. ValuEngine lowered Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $3.00 price objective (down from $5.00) on shares of Avon Products in a report on Friday, August 4th. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $3.71.

Avon Products Company Profile

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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