Everence Capital Management Inc Exits Position in Avon Products (AVP)

Avon Products (AVP) : Everence Capital Management Inc has sold out all of its stake in Avon Products during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 48,712 shares of Avon Products which is valued at $237,715.

Avon Products opened for trading at $4.75 and hit $4.93 on the upside on Wednesday, eventually ending the session at $4.81, with a gain of 1.05% or 0.05 points. The heightened volatility saw the trading volume jump to 54,15,953 shares. Company has a market cap of $2,095 M.

Other Hedge Funds, Including , Cwm added AVP to its portfolio by purchasing 78 company shares during the most recent quarter which is valued at $381.Gemmer Asset Management boosted its stake in AVP in the latest quarter, The investment management firm added 476 additional shares and now holds a total of 1,285 shares of Avon Products which is valued at $6,438.Capstone Asset Management Co boosted its stake in AVP in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 40,117 shares of Avon Products which is valued at $200,986. Avon Products makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in AVP in the latest quarter, The investment management firm added 606 additional shares and now holds a total of 6,347 shares of Avon Products which is valued at $30,783.

On the company’s financial health, Avon Products reported $-0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Nov 4, 2015. Analyst had a consensus of $0.07. The company had revenue of $1666.90 million for the quarter, compared to analysts expectations of $1684.53 million. The company’s revenue was down -22.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Avon Products. Avon Products was Downgraded by Piper Jaffray to ” Neutral” on Apr 12, 2016.

Avon Products Inc. is a manufacturer and marketer of beauty and related products. The Company’s offers its products under two product categories: Beauty and Fashion & Home. Beauty consists of skincare (which includes personal care) fragrance and color (cosmetics). Fashion & Home consists of fashion jewelry watches apparel footwear accessories gift and decorative products housewares entertainment and leisure products children’s products and nutritional products. The Company’s segments are -based on geographic operations and include commercial business units in Latin America; Europe Middle East & Africa; North America and Asia Pacific. The Company’s business is conducted primarily in one channel direct selling. The Company has sales operations in 60 countries and territories including the United States and distributed its products in 41 other countries and territories.

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