Hantz Financial Services Inc. Has $10.48 Million Stock Holdings in Avery Dennison Co. (NYSE:AVY)

Hantz Financial Services Inc. lessened its holdings in Avery Dennison Co. (NYSE:AVY - Free Report) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,478 shares of the industrial products company's stock after selling 7,465 shares during the quarter. Hantz Financial Services Inc. owned 0.06% of Avery Dennison worth $10,481,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Financial Counselors Inc. increased its stake in Avery Dennison by 3.9% in the third quarter. Financial Counselors Inc. now owns 51,393 shares of the industrial products company's stock valued at $11,346,000 after acquiring an additional 1,919 shares during the period. Fiduciary Trust Co grew its stake in shares of Avery Dennison by 26.3% in the 3rd quarter. Fiduciary Trust Co now owns 3,219 shares of the industrial products company's stock valued at $711,000 after purchasing an additional 671 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Avery Dennison by 34.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,128 shares of the industrial products company's stock worth $5,326,000 after buying an additional 6,150 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Avery Dennison during the 3rd quarter worth approximately $207,000. Finally, Glenmede Trust Co. NA boosted its stake in Avery Dennison by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 8,523 shares of the industrial products company's stock valued at $1,882,000 after buying an additional 297 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Avery Dennison Trading Up 0.4 %

AVY stock traded up $0.74 during trading on Friday, hitting $205.89. The company had a trading volume of 318,985 shares, compared to its average volume of 472,037. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.58 and a beta of 0.89. The company has a quick ratio of 0.62, a current ratio of 0.92 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $209.80 and a 200-day moving average price of $216.12. Avery Dennison Co. has a 12 month low of $190.04 and a 12 month high of $233.48.

Avery Dennison (NYSE:AVY - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.01. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.20 billion. Avery Dennison had a return on equity of 33.01% and a net margin of 7.76%. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.10 earnings per share. As a group, analysts predict that Avery Dennison Co. will post 9.42 earnings per share for the current year.

Avery Dennison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Wednesday, December 4th. Avery Dennison's dividend payout ratio is 42.26%.

Wall Street Analyst Weigh In

AVY has been the subject of several recent analyst reports. Citigroup dropped their price objective on Avery Dennison from $241.00 to $240.00 and set a "neutral" rating for the company in a research note on Wednesday, October 2nd. Barclays dropped their target price on shares of Avery Dennison from $250.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Bank of America upgraded shares of Avery Dennison from an "underperform" rating to a "buy" rating and boosted their price target for the company from $207.00 to $250.00 in a research report on Thursday, October 17th. StockNews.com lowered shares of Avery Dennison from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. downgraded Avery Dennison from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $230.00 to $210.00 in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Avery Dennison has a consensus rating of "Moderate Buy" and an average price target of $244.96.

Insider Buying and Selling

In related news, SVP Nicholas Colisto sold 3,679 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $206.00, for a total value of $757,874.00. Following the completion of the sale, the senior vice president now owns 7,126 shares in the company, valued at approximately $1,467,956. This represents a 34.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

About Avery Dennison

Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally. It provides pressure-sensitive materials comprising papers, plastic films, metal foils, and fabrics; performance tapes products, including tapes for wire harnessing, as well as cable wrapping for automotive, electrical, and general industrial applications; mechanical fasteners, which are precision-extruded and injection-molded plastic devices used in various automotive, general industrial, and retail applications; and other pressure-sensitive adhesive-based materials and converted products under the Fasson, JAC, Yongle, and Avery Dennison brands.