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# BMO Capital Maintains Avery Dennison (AVY) Outperform Recommendation Fintel reports that on September 25, 2023, BMO Capital maintained coverage of Avery Dennison (NYSE:AVY) with an Outperform recommendation. ## Analyst Price Forecast Suggests 12.28% Upside As of August 31, 2023, the average one-year price target for Avery Dennison is $207.78. The forecasts range from a low of $191.90 to a high of $233.10. The average price target represents an increase of 12.28% from its latest reported closing price of $185.05. See our leaderboard of companies with the largest price target upside. The projected annual revenue for Avery Dennison is $9,642MM, an increase of 13.46%. The projected annual non-GAAP EPS is $10.47. ## What is the Fund Sentiment? There are 1372 funds or institutions reporting positions in Avery Dennison. This is a decrease of 43 owners or 3.04% in the last quarter. The average portfolio weight of all funds dedicated to AVY is 0.24%, a decrease of 5.30%. Total shares owned by institutions increased in the last three months by 0.58% to 87,719K shares. The put/call ratio of AVY is 1.01, indicating a bearish outlook. ## What are Other Shareholders Doing? T. Rowe Price Investment Management holds 4,239K shares representing 5.26% ownership of the company. In its prior filing, the firm reported owning 4,028K shares, representing an increase of 4.99%. The firm decreased its portfolio allocation in AVY by 3.99% over the last quarter. VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 2,519K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 2,502K shares, representing an increase of 0.68%. The firm decreased its portfolio allocation in AVY by 10.81% over the last quarter. Victory Capital Management holds 2,373K shares representing 2.94% ownership of the company. In its prior filing, the firm reported owning 2,129K shares, representing an increase of 10.28%. The firm increased its portfolio allocation in AVY by 4.33% over the last quarter. Lazard Asset Management holds 2,317K shares representing 2.87% ownership of the company. In its prior filing, the firm reported owning 1,673K shares, representing an increase of 27.79%. The firm increased its portfolio allocation in AVY by 249.41% over the last quarter. Ameriprise Financial holds 2,177K shares representing 2.70% ownership of the company. In its prior filing, the firm reported owning 2,216K shares, representing a decrease of 1.82%. The firm increased its portfolio allocation in AVY by 388.79% over the last quarter. ## Avery Dennison Background Information Avery Dennison is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels, and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. Headquartered in Glendale, California, the company employs more than 32,000 employees in more than 50 countries. Reported sales in 2020 were $7.0 billion. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds. Our data covers the world and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. [Click to Learn More](https://fintel.io/premium?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=bmo-capital-maintains-avery-dennison-avy-outperform-recommendation-157) This story originally appeared on Fintel. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
# Financial Literacy Group Releases A Study That Shows An IUL is Superior as a Retirement Instrument When Compared to a 401K or IRA, After the Cares Act 2020 A recent study conducted by the Financial Literacy Group has revealed that an Indexed Universal Life (IUL) insurance policy is a more advantageous retirement instrument compared to a 401K or an Individual Retirement Account (IRA). The study highlights key points of the Internal Revenue Service (IRS) codes that define the tax benefits of life insurance contracts. Specifically, IRS Code 7702 establishes the minimum death benefit and cash value requirements for a policy to qualify for tax advantages such as tax-free death benefits and deferred cash value growth. Additionally, IRS Code 101(a) states that death benefits paid by a life insurance policy are not subject to income tax. An IUL insurance policy is a type of permanent life insurance that incorporates a cash value component, enabling investment in index-linked options. These policies provide both a death benefit and a cash value that grows on a tax-deferred basis. Policyholders can access the cash value through policy loans or withdrawals, with policy loans being non-taxable as they are considered debts rather than distributions. However, if the policy lapses or is surrendered while there is an outstanding loan, the loan balance becomes taxable. The study compares the impact of recent changes, particularly the CARES Act 2020, on 401Ks, IRAs, and IUL policies. 401Ks and IRAs are tax-advantaged retirement accounts, where contributions are made with pre-tax dollars, investments grow tax-free, and taxes are paid during retirement when withdrawing the funds. The CARES Act introduced increased borrowing limits from 401K plans, waived the 10% early withdrawal penalty on distributions up to $100,000 for individuals under 59 1/2, and allowed the deferment of Required Minimum Distributions (RMDs) for 2020. On the other hand, an IUL policy offers unique advantages as a retirement instrument. With no legal investment limit, policyholders can invest any amount in an IUL policy, subject to the boundaries set by IRS Code 7702. The cash value in an IUL policy grows on a tax-deferred basis, and loans against the cash value are generally not taxable. Unlike 401Ks and IRAs, IUL policies also provide a death benefit and can last a lifetime if premiums are paid. The study further highlights the benefits of using a Hybrid Arbitrage IUL, which can be likened to Bank Owned Life Insurance (BOLI). In this scenario, the policyholder can borrow against the cash value used to overfund the IUL policy, allowing for a liquid policy without surrender charges or caps. To summarize the key advantages of an IUL policy over a 401K or an IRA: 1. **Purpose:** An IUL policy provides a death benefit and can be used for any purpose, including debt elimination and cash value accumulation. Debt elimination involves using the cash value of the IUL policy to pay down debt while earning interest on the borrowed amount, optimizing cash flow, reducing interest paid, and increasing wealth accumulation. 2. **Investment Limit:** There is no legal limit on the amount that can be invested in an IUL policy, while 401Ks and IRAs have annual contribution limits. 3. **Tax Advantages:** The cash value in an IUL policy grows on a tax-deferred basis, and loans are generally not taxable. 401Ks and IRAs offer tax-deductible contributions and tax-deferred growth, but withdrawals during retirement are subject to income tax. 4. **Longevity:** IUL policies are permanent life insurance policies that last the policyholder’s entire lifetime, as long as premiums are paid. On the other hand, 401Ks and IRAs do not offer a life insurance component and can be depleted if withdrawals exceed investment growth. Comparing the three options, it is important to consider the risks, taxation, investment options, and wealth accumulation potential. While 401Ks and IRAs carry market risk, IUL policies offer a guaranteed minimum interest rate. IRAs provide the most investment options, followed by 401Ks, while IUL policies generally have limited investment options linked to a stock market index. Additionally, IUL policies can provide tax-free withdrawals up to a certain amount, while 401Ks and Traditional IRAs require taxes to be paid upon withdrawal. It is essential to seek guidance from a knowledgeable financial advisor who understands your financial situation and goals, as well as the intricacies of various financial products. The Financial Literacy Group aims to educate individuals on financial wellness and provide solutions that empower middle-class Americans in managing their finances effectively. They encourage downloading the Bank Like a Bank App for further assistance. For media inquiries, please contact Ronald Harris at Financial Literacy Group via email: [email protected] or visit their website: [https://financialliteracy.group](https://financialliteracy.group/) Sources: [PR Newswire](https://www.prweb.com/releases/financial-literacy-group-releases-a-study-that-shows-an-iul-is-superior-as-a-retirement-instrument-when-compared-to-a-401k-or-ira-after-the-cares-act-2020-301930821.html)
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