Avery Dennison Corporation $AVY Shares Sold by DAVENPORT & Co LLC

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DAVENPORT & Co LLC reduced its stake in Avery Dennison Corporation (NYSE:AVY) by 3.4% in Q4, now holding 279,805 shares valued at $50.99 million. This comes as insiders have sold 34,156 shares over the last 90 days. Despite institutional ownership of 94.17%, the company reported strong Q4 results, beating EPS estimates, and has an average “Moderate Buy” rating from analysts with an average target price of $208.45.

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