Will Avon Products’ Top Institutional Shareholders Support This Big Management Change?

Avon Products (NYSE:AVP) shares jumped over 5 percent on Friday. The company announced that Andrea Jung has informed the Board of Directors she will step down as executive chairman at the end of the year. She will be succeeded by Fred Hassan, the lead independent director. “Fred’s experience and leadership on the Avon board, and his unusual record of leading turnarounds at world-class companies over his distinguished career make him ideally suited to take on the independent chairman role,” said Jung.

Will Avon Products largest shareholders increase their holdings? 4 institutional firms indicated owning shares of Avon Products Inc. (NYSE:AVP) in Q3 2012. These firms reported owning a total of 147,143 shares on 09/30/2012. The shares closed at $15.95 on 09/30/2012.

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Here are the ten largest positions in Avon Products Inc. at the end of September 30th, 2012.

Kempner Capital Management Inc. held 108,855 shares on 09/30/2012 worth $1,736,237. This brought the portfolio total to 0.69%.

First Republic Investment Management Inc. held 18,113 shares on 09/30/2012 worth $288,902. This brought the portfolio total to 0.01%.

Park National Corp /OH/ held 10,175 shares on 09/30/2012 worth $162,291. This brought the portfolio total to 0.01%.

Cacti Asset Management LLC held 10,000 shares on 09/30/2012 worth $159,500. This brought the portfolio total to 0.04%.

Invesco Ltd. held 21,172,013 shares on 06/30/2012 worth $343,198,311. This brought the portfolio total to 0.19%.

Capital World Investors held 21,041,300 shares on 06/30/2012 worth $341,079,454. This brought the portfolio total to 0.13%.

Vanguard Group Inc held 18,123,052 shares on 06/30/2012 worth $293,774,656. This brought the portfolio total to 0.04%.

State Street Corp held 16,982,308 shares on 06/30/2012 worth $275,283,197. This brought the portfolio total to 0.04%.

Yacktman Asset Management LP held 16,313,475 shares on 06/30/2012 worth $264,441,415. This brought the portfolio total to 1.72%.

Macquarie Group Ltd held 14,310,069 shares on 06/30/2012 worth $231,966,205. This brought the portfolio total to 0.64%.

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