A sizable portion of Avery Dennison Co. (NYSE:AVY) shares have been sold by various investment firms, including American International Group Inc., Ameritas Investment Partners Inc., Bessemer Group Inc., among others. Conversely, the stock has been purchased by companies such as Orion Portfolio Solutions LLC, and QRG Capital Management Inc. Notably, Avery Dennison also saw unusually large options volume and experienced some changes in stock ratings. UBS Group for example, lowered AVY's stock rating.
Despite that, Avery Dennison has reported better-than-expected earnings, with their Q2 earnings along revenue surpassing estimates. The company saw a strong value stock momentum and a new 12-month high after the earnings beat. They also released their FY 2024 earnings guidance. Additionally, their price target has been raised by Truist Financial and subsequently lowered by BMO Capital Markets. Plans to release a quarterly dividend of $0.88 were also announced. Avery Dennison's corporate performance has contributed to significant returns for its investors over the years.
Avery Dennison Stocks AVY News Analytics from Wed, 27 Jun 2018 06:58:53 GMT to Sun, 28 Jul 2024 14:49:06 GMT - Rating 4 - Innovation -3 - Information 5 - Rumor 5
