State of Alaska Department of Revenue increased its stake in shares of Edgewell Personal Care Co (NYSE:EPC – Get Rating) by 5.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 39,945 shares of the company's stock after purchasing an additional 2,225 shares during the period. State of Alaska Department of Revenue owned approximately 0.08% of Edgewell Personal Care worth $1,378,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. lifted its holdings in Edgewell Personal Care by 42.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,895 shares of the company's stock worth $70,000 after buying an additional 563 shares in the last quarter. Cypress Wealth Services LLC acquired a new stake in shares of Edgewell Personal Care in the 1st quarter valued at $202,000. Jane Street Group LLC acquired a new stake in shares of Edgewell Personal Care in the 1st quarter valued at $229,000. Inspire Investing LLC acquired a new stake in shares of Edgewell Personal Care in the 1st quarter valued at $239,000. Finally, Miracle Mile Advisors LLC raised its holdings in shares of Edgewell Personal Care by 3.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 7,486 shares of the company's stock valued at $275,000 after purchasing an additional 268 shares in the last quarter. 93.26% of the stock is currently owned by institutional investors and hedge funds.
Get Edgewell Personal Care alerts:Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Edgewell Personal Care from $29.00 to $33.00 and gave the company an "underweight" rating in a report on Monday, August 8th. 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $44.50.
Edgewell Personal Care Trading Down 0.7 %
Shares of Edgewell Personal Care stock opened at $37.98 on Tuesday. Edgewell Personal Care Co has a 1 year low of $32.00 and a 1 year high of $51.86. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.90 and a current ratio of 1.62. The company has a market capitalization of $1.97 billion, a P/E ratio of 18.99 and a beta of 0.91. The company's fifty day moving average is $39.85 and its two-hundred day moving average is $37.40.Edgewell Personal Care (NYSE:EPC – Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.16. The business had revenue of $623.80 million for the quarter, compared to the consensus estimate 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 firm earned $0.89 earnings per share. Analysts forecast that Edgewell Personal Care Co will post 2.55 earnings per share for the current year.
Edgewell Personal Care Announces Dividend
The company 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. This represents a $0.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 1st. Edgewell Personal Care's payout ratio is 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.
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