Notable Insider Reporting: Why Julia Stewart Sold 2,000 Shares of Avery Dennison Corp (NYSE:AVY)?

November 29, 2016 - By Clifton Ray

Notable Insider Reporting: Why Julia Stewart Sold 2,000 Shares of Avery Dennison Corp (NYSE:AVY)?

Julia Stewart Insider Sell

Julia Stewart, director of Avery Dennison Corp, in an insider dealing made a sale of 2,000 shares whose sum is estimated to be $145,300 at average stock price of $72.7. The trade was made on 29/11/2016 and this act was unveiled in a document which was filed with the Security Exchange Commission. This document is on hand here. Julia Stewart owns 0.02% of the -company’s market cap or 14,137 shares.

Avery Dennison Corp (NYSE:AVY) Ratings Coverage

Out of 4 analysts covering Avery Dennison (NYSE:AVY), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. $86 is the highest target while $66 is the lowest. The $75.50 average target is 3.50% above today’s ($72.95) stock price. Avery Dennison has been the topic of 8 analyst reports since October 15, 2015 according to StockzIntelligence Inc. Barclays Capital maintained Avery Dennison Corp (NYSE:AVY) rating on Monday, May 2. Barclays Capital has “Overweight” rating and $86 price target. The stock of Avery Dennison Corp (NYSE:AVY) earned “Neutral” rating by JP Morgan on Friday, May 20. Bank of America downgraded the shares of AVY in a report on Friday, July 1 to “Underperform” rating. JP Morgan upgraded the stock to “Overweight” rating in Thursday, October 27 report. The stock of Avery Dennison Corp (NYSE:AVY) earned “Hold” rating by Aegis Capital on Monday, November 21.

Insitutional Activity: The institutional sentiment increased to 0.96 in Q2 2016. Its up 0.10, from 0.86 in 2016Q1. The ratio increased, as 38 funds sold all Avery Dennison Corp shares owned while 178 reduced positions. 48 funds bought stakes while 137 increased positions. They now own 74.71 million shares or 10.44% less from 83.42 million shares in 2016Q1.

Nj State Employees Deferred Compensation Plan has invested 0.16% of its portfolio in Avery Dennison Corp (NYSE:AVY). Shufro Rose & Comm Ltd Company, a New York-based fund reported 311,271 shares. Magnetar Financial accumulated 0.01% or 6,251 shares. Moreover, Neuberger Berman Group Llc has 0.08% invested in Avery Dennison Corp (NYSE:AVY) for 789,426 shares. Moreover, Geneva Advsrs Limited Liability Corp has 0.43% invested in Avery Dennison Corp (NYSE:AVY) for 289,580 shares. Moreover, Legg Mason Asset Mgmt (Japan) Co Ltd has 1.74% invested in Avery Dennison Corp (NYSE:AVY) for 21,700 shares. Blackrock Institutional Trust Na reported 2.65 million shares or 0.03% of all its holdings. Exane Derivatives accumulated 0% or 162,092 shares. Lord Abbett And Llc accumulated 514,515 shares or 0.12% of the stock. The New York-based Hudson Bay Capital Mngmt L P has invested 0.03% in Avery Dennison Corp (NYSE:AVY). Guardian Life Insur Co Of America, a New York-based fund reported 337 shares. Everence Cap Management Inc owns 8,298 shares or 0.19% of their US portfolio. The New York-based F&V Capital Mgmt Limited Co has invested 2.81% in Avery Dennison Corp (NYSE:AVY). Comml Bank Of Montreal Can accumulated 2.13 million shares or 0.18% of the stock. Fmr Ltd Liability Company last reported 940,073 shares in the company.

Insider Transactions: Since June 1, 2016, the stock had 1 insider purchase, and 18 sales for $41.09 million net activity. $146,620 worth of shares were sold by Miller Susan C on Friday, July 1. $3.93 million worth of Avery Dennison Corp (NYSE:AVY) was sold by SCARBOROUGH DEAN A. On Tuesday, June 7 the insider Hill Anne sold $2.29M. $157,220 worth of Avery Dennison Corp (NYSE:AVY) shares were sold by PYOTT DAVID E I. Siewert Patrick had sold 2,000 shares worth $143,000. $381,150 worth of Avery Dennison Corp (NYSE:AVY) shares were sold by HICKS KEN C. BARKER PETER K had sold 2,000 shares worth $143,275.

The stock increased 0.48% or $0.35 during the last trading session, hitting $72.95. About 952,341 shares traded hands or 10.35% up from the average. Avery Dennison Corp (NYSE:AVY) has declined 0.23% since April 26, 2016 and is downtrending. It has underperformed by 5.49% the S&P500.

Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The company has a market cap of $6.57 billion. The Company’s pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting. It has a 21.1 P/E ratio. The Company’s operational divisions include Pressure-sensitive Materials (PSM), Retail Branding and Information Solutions (RBIS), and Vancive Medical Technologies (Vancive).

According to Zacks Investment Research, “Avery Dennision Corporation produces pressure-sensitive adhesives and materials and the production of consumer and converted products. Some pressure-sensitive adhesives and materials are converted into labels and other products through embossing, printing, stamping and die-cutting, and some are sold in unconverted form as base materials, tapes and reflective sheeting. The company also manufactures and sells a variety of consumer and converted products and other items not involving pressure-sensitive components, such as notebooks, three-ring binders, among others.”

Analysts await Avery Dennison Corp (NYSE:AVY) to report earnings on February, 1. They expect $0.93 earnings per share, up 9.41% or $0.08 from last year’s $0.85 per share. AVY’s profit will be $83.76 million for 19.61 P/E if the $0.93 EPS becomes a reality. After $1.01 actual earnings per share reported by Avery Dennison Corp for the previous quarter, Wall Street now forecasts -7.92% negative EPS growth.

AVY Company Profile

Avery Dennison Corporation (Avery Dennison), incorporated on February 23, 1977, is engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products. The Company’s pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting. The Company’s divisions include Pressure-sensitive Materials (PSM), Retail Branding and Information Solutions (RBIS), and Vancive Medical Technologies (Vancive). It also sells pressure-sensitive materials in converted form as tapes and reflective sheeting. The Firm also makes and sells a range of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification (RFID) inlays and tags, and imprinting equipment and related services, which it markets to retailers, and apparel manufacturers and brand owners.

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