Massmutual Trust Co. FSB ADV lessened its stake in Edgewell Personal Care Co (NYSE:EPC – Get Rating) by 49.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,602 shares of the company's stock after selling 2,515 shares during the period. Massmutual Trust Co. FSB ADV's holdings in Edgewell Personal Care were worth $90,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Miracle Mile Advisors LLC boosted its stake in shares of Edgewell Personal Care by 3.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 7,486 shares of the company's stock worth $275,000 after acquiring an additional 268 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Edgewell Personal Care by 4.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 7,792 shares of the company's stock worth $286,000 after acquiring an additional 364 shares during the last quarter. Boyar Asset Management Inc. boosted its stake in shares of Edgewell Personal Care by 4.1% during the 1st quarter. Boyar Asset Management Inc. now owns 9,400 shares of the company's stock worth $345,000 after acquiring an additional 373 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Edgewell Personal Care by 4.7% during the 1st quarter. Teacher Retirement System of Texas now owns 10,684 shares of the company's stock worth $392,000 after acquiring an additional 478 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Edgewell Personal Care by 1.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 49,169 shares of the company's stock worth $1,854,000 after acquiring an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 93.26% of the company's stock.
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Analysts Set New Price Targets
Several research analysts have recently weighed in on EPC shares. Wells Fargo & Company lifted their price target on shares of Edgewell Personal Care from $39.00 to $44.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 3rd. Barclays lifted their target price on shares of Edgewell Personal Care from $29.00 to $33.00 and gave the company an "underweight" rating in a research note on Monday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Edgewell Personal Care has an average rating of "Hold" and a consensus target price of $44.50.
Edgewell Personal Care Stock Up 1.7 %
Shares of EPC stock opened at $38.05 on Tuesday. The stock has a market cap of $1.97 billion, a P/E ratio of 19.03 and a beta of 0.91. Edgewell Personal Care Co has a 52 week low of $32.00 and a 52 week high of $51.86. The company has a quick ratio of 0.90, a current ratio of 1.62 and a debt-to-equity ratio of 0.92. The company's fifty day simple moving average is $39.62 and its two-hundred day simple moving average is $37.31.
Edgewell Personal Care (NYSE:EPC – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.70 by $0.16. The business had revenue of $623.80 million for the quarter, compared to analysts' expectations of $613.70 million. Edgewell Personal Care had a net margin of 5.00% and a return on equity of 9.90%. The business's quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. Analysts predict that Edgewell Personal Care Co will post 2.55 EPS for the current fiscal year.
Edgewell Personal Care Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Friday, September 2nd will be issued a $0.15 dividend. The ex-dividend date is Thursday, September 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. Edgewell Personal Care's dividend payout ratio (DPR) is presently 30.00%.
Edgewell Personal Care Profile
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Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
Further Reading
- Get a free copy of the StockNews.com research report on Edgewell Personal Care (EPC)
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