What Hedge Funds Think About Avon Products, Inc. (AVP)

Page 1 of 2

To the average investor, there are many metrics shareholders can use to track Mr. Market. A couple of the best are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the best hedge fund managers can beat their index-focused peers by a solid amount (see just how much).

Just as crucial, optimistic insider trading sentiment is another way to look at the financial markets. There are lots of reasons for a bullish insider to sell shares of his or her company, but only one, very clear reason why they would buy. Plenty of academic studies have demonstrated the useful potential of this tactic if shareholders know where to look (learn more here).

Keeping this in mind, it’s important to discuss the latest info surrounding Avon Products, Inc. (NYSE:AVP).

Avon Products, Inc. (NYSE:AVP)

How are hedge funds trading Avon Products, Inc. (NYSE:AVP)?

At the end of the second quarter, a total of 28 of the hedge funds we track held long positions in this stock, a change of 12% from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of key hedge fund managers who were increasing their stakes meaningfully.

According to our 13F database, Yacktman Asset Management, managed by Donald Yacktman, holds the most valuable position in Avon Products, Inc. (NYSE:AVP). Yacktman Asset Management has a $398.4 million position in the stock, comprising 1.9% of its 13F portfolio. Sitting at the No. 2 spot is Columbus Circle Investors, managed by Donald Chiboucis, which held a $84.7 million position; the fund has 0.7% of its 13F portfolio invested in the stock. Remaining hedgies that hold long positions include Phill Gross and Robert Atchinson’s Adage Capital Management, Jacob Gottlieb’s Visium Asset Management and D. E. Shaw’s D E Shaw.

With a general bullishness amongst the titans, certain money managers were leading the bulls’ herd. Yacktman Asset Management, managed by Donald Yacktman, assembled the biggest position in Avon Products, Inc. (NYSE:AVP). Yacktman Asset Management had 398.4 million invested in the company at the end of the quarter. Donald Chiboucis’s Columbus Circle Investors also made a $84.7 million investment in the stock during the quarter. The other funds with brand new AVP positions are Phill Gross and Robert Atchinson’s Adage Capital Management, Jacob Gottlieb’s Visium Asset Management, and D. E. Shaw’s D E Shaw.

What do corporate executives and insiders think about Avon Products, Inc. (NYSE:AVP)?

Insider buying made by high-level executives is most useful when the company in question has experienced transactions within the past six months. Over the last 180-day time period, Avon Products, Inc. (NYSE:AVP) has seen 3 unique insiders purchasing, and 2 insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Avon Products, Inc. (NYSE:AVP). These stocks are Colgate-Palmolive Company (NYSE:CL), Kimberly Clark Corp (NYSE:KMB), Nu Skin Enterprises, Inc. (NYSE:NUS), Estee Lauder Companies Inc (NYSE:EL), and Energizer Holdings, Inc. (NYSE:ENR). This group of stocks are the members of the personal products industry and their market caps resemble AVP’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!