Cramer Rosenthal Mcglynn LLC cut its stake in shares of Edgewell Personal Care Co (NYSE:EPC) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 708,538 shares of the company’s stock after selling 73,830 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 1.31% of Edgewell Personal Care worth $42,080,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Edgewell Personal Care during the fourth quarter worth $120,000. Ford Financial Group Inc. acquired a new stake in shares of Edgewell Personal Care during the fourth quarter worth $133,000. Magnetar Financial LLC acquired a new stake in shares of Edgewell Personal Care during the third quarter worth $208,000. Virginia Retirement Systems ET AL acquired a new stake in shares of Edgewell Personal Care during the third quarter worth $211,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Edgewell Personal Care by 3,194.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,163 shares of the company’s stock worth $188,000 after purchasing an additional 3,067 shares during the period. 96.93% of the stock is currently owned by institutional investors.
In other Edgewell Personal Care news, CEO David P. Hatfield purchased 3,969 shares of the stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $50.38 per share, for a total transaction of $199,958.22. Following the completion of the acquisition, the chief executive officer now owns 18,619 shares of the company’s stock, valued at approximately $938,025.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Anthony J. Bender purchased 1,450 shares of the stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $50.02 per share, for a total transaction of $72,529.00. Following the acquisition, the vice president now directly owns 14,359 shares of the company’s stock, valued at approximately $718,237.18. The disclosure for this purchase can be found here. Insiders have bought 10,021 shares of company stock worth $511,551 in the last quarter. 0.97% of the stock is currently owned by corporate insiders.
Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.37). Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. The business had revenue of $468.30 million for the quarter, compared to analysts’ expectations of $470.63 million. During the same quarter in the prior year, the firm posted $0.66 EPS. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. analysts expect that Edgewell Personal Care Co will post 3.83 EPS for the current fiscal year.
Edgewell Personal Care declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 8th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
EPC has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $72.00 target price on shares of Edgewell Personal Care in a research report on Friday, February 9th. Morgan Stanley cut their target price on Edgewell Personal Care from $65.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Friday, February 9th. Deutsche Bank cut their target price on Edgewell Personal Care from $65.00 to $53.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. Zacks Investment Research raised Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Edgewell Personal Care in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.91.
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Edgewell Personal Care Company Profile
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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