Avon Products, Inc. (NYSE:AVP) Position Reduced by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its position in shares of Avon Products, Inc. (NYSE:AVP) by 11.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,800 shares of the company’s stock after selling 3,600 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Avon Products were worth $118,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Credit Agricole S A bought a new position in Avon Products during the fourth quarter worth $104,000. A.R.T. Advisors LLC bought a new position in Avon Products during the fourth quarter worth $111,000. 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 last quarter. Acrospire Investment Management LLC raised its position in Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock worth $106,000 after buying an additional 6,058 shares during the last quarter. Finally, 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 last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

Shares of Avon Products, Inc. (NYSE:AVP) opened at 3.63 on Friday. The firm has a 50-day moving average price of $3.62 and a 200 day moving average price of $4.37. The stock’s market cap is $1.60 billion. Avon Products, Inc. has a 52 week low of $3.24 and a 52 week high of $6.96.

Avon Products (NYSE:AVP) last released its quarterly earnings results on Thursday, May 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Avon Products had a net margin of 0.26% and a negative return on equity of 3.68%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) EPS. On average, analysts forecast that Avon Products, Inc. will post $0.22 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “[[title]]” was originally published by [[site]] and is the property of of [[site]]. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at [[permalink]].

Several brokerages have recently commented on AVP. Zacks Investment Research lowered Avon Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 11th. DA Davidson began coverage on Avon Products in a report on Thursday, July 6th. They set a “neutral” rating and a $4.25 price objective for the company. ValuEngine lowered Avon Products from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $4.00 price objective on shares of Avon Products in a report on Friday, March 24th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Avon Products has an average rating of “Hold” and an average price target of $5.54.

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).

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).