Hantz Financial Services Inc. Sells 40,329 Shares of Avery Dennison Co. (NYSE:AVY)

Hantz Financial Services Inc. cut its stake in shares of Avery Dennison Co. (NYSE:AVY - Free Report) by 84.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,149 shares of the industrial products company's stock after selling 40,329 shares during the period. Hantz Financial Services Inc.'s holdings in Avery Dennison were worth $1,338,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Avery Dennison by 8.2% during the third quarter. Geode Capital Management LLC now owns 2,088,516 shares of the industrial products company's stock worth $459,621,000 after acquiring an additional 157,754 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Avery Dennison by 6.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,416,798 shares of the industrial products company's stock worth $312,772,000 after purchasing an additional 90,250 shares during the period. World Investment Advisors LLC boosted its stake in shares of Avery Dennison by 2,629.0% in the 3rd quarter. World Investment Advisors LLC now owns 91,857 shares of the industrial products company's stock valued at $20,278,000 after purchasing an additional 88,491 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Avery Dennison by 12.4% during the third quarter. JPMorgan Chase & Co. now owns 420,232 shares of the industrial products company's stock worth $92,771,000 after buying an additional 46,390 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Avery Dennison by 72.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 96,889 shares of the industrial products company's stock valued at $21,389,000 after acquiring an additional 40,824 shares during the last quarter. 94.17% of the stock is currently owned by institutional investors.

Avery Dennison Stock Down 0.3 %

Shares of AVY traded down $0.60 during trading hours on Tuesday, reaching $182.75. 725,855 shares of the stock traded hands, compared to its average volume of 789,807. Avery Dennison Co. has a 52 week low of $179.20 and a 52 week high of $233.48. The company has a market cap of $14.68 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.37 and a beta of 0.89. The stock has a fifty day simple moving average of $192.72 and a 200 day simple moving average of $205.59. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 1.10.

Avery Dennison (NYSE:AVY - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by ($0.01). Avery Dennison had a net margin of 8.05% and a return on equity of 33.06%. On average, equities analysts forecast that Avery Dennison Co. will post 10.03 EPS for the current year.

Avery Dennison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Wednesday, March 5th. Avery Dennison's dividend payout ratio (DPR) is currently 40.37%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AVY shares. Barclays dropped their price objective on Avery Dennison from $245.00 to $225.00 and set an "overweight" rating on the stock in a research note on Monday. Bank of America dropped their price objective on shares of Avery Dennison from $238.00 to $220.00 and set a "buy" rating on the stock in a report on Monday, January 6th. StockNews.com downgraded Avery Dennison from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Citigroup dropped their price target on Avery Dennison from $228.00 to $202.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Finally, Raymond James reaffirmed an "outperform" rating and set a $208.00 target price (down from $218.00) on shares of Avery Dennison in a research report on Friday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Avery Dennison presently has an average rating of "Moderate Buy" and an average price target of $227.15.

Insider Activity at Avery Dennison

In other Avery Dennison news, SVP Nicholas Colisto sold 3,679 shares of the firm's stock in a transaction on 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 directly owns 7,126 shares of the company's stock, valued at $1,467,956. This trade represents a 34.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

Avery Dennison Profile

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.