First Trust Advisors LP Increases Stake in Edgewell Personal Care Co (NYSE:EPC)

First Trust Advisors LP lifted its stake in Edgewell Personal Care Co (NYSE:EPCGet Rating) by 112.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,593 shares of the company’s stock after purchasing an additional 39,945 shares during the period. First Trust Advisors LP owned approximately 0.14% of Edgewell Personal Care worth $3,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPC. William Blair Investment Management LLC lifted its stake in shares of Edgewell Personal Care by 49,003.7% in the third quarter. William Blair Investment Management LLC now owns 1,028,722 shares of the company’s stock valued at $37,343,000 after purchasing an additional 1,026,627 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Edgewell Personal Care in the fourth quarter valued at about $26,444,000. American Century Companies Inc. raised its position in Edgewell Personal Care by 14.8% during the third quarter. American Century Companies Inc. now owns 3,083,101 shares of the company’s stock worth $111,917,000 after acquiring an additional 396,451 shares during the last quarter. Morgan Stanley raised its position in Edgewell Personal Care by 85.4% during the third quarter. Morgan Stanley now owns 369,936 shares of the company’s stock worth $13,430,000 after acquiring an additional 170,416 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Edgewell Personal Care by 60.8% during the third quarter. Goldman Sachs Group Inc. now owns 384,848 shares of the company’s stock worth $13,970,000 after acquiring an additional 145,487 shares during the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.

Shares of NYSE EPC opened at $35.21 on Friday. The company has a market cap of $1.90 billion, a PE ratio of 16.31 and a beta of 0.89. Edgewell Personal Care Co has a 12 month low of $32.00 and a 12 month high of $51.86. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.16. The company has a 50-day simple moving average of $36.92 and a 200-day simple moving average of $40.61.

Edgewell Personal Care (NYSE:EPCGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). Edgewell Personal Care had a net margin of 5.61% and a return on equity of 10.06%. The company had revenue of $547.70 million during the quarter, compared to analysts’ expectations of $564.13 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Edgewell Personal Care’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Edgewell Personal Care Co will post 2.51 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Thursday, June 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.70%. Edgewell Personal Care’s payout ratio is 27.65%.

In related news, insider Eric F. O’toole sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $37.00, for a total value of $259,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.38% of the stock is currently owned by insiders.

EPC has been the subject of a number of research reports. The Goldman Sachs Group cut their target price on shares of Edgewell Personal Care from $57.00 to $53.00 in a research report on Tuesday, March 29th. Zacks Investment Research upgraded shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a research report on Thursday, April 7th. StockNews.com initiated coverage on shares of Edgewell Personal Care in a research report on Thursday, March 31st. They set a “hold” rating for the company. Barclays cut their target price on shares of Edgewell Personal Care from $34.00 to $29.00 in a research report on Thursday. Finally, Wells Fargo & Company lowered their price target on shares of Edgewell Personal Care from $55.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, February 9th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $45.57.

About Edgewell Personal Care (Get Rating)

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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Institutional Ownership by Quarter for Edgewell Personal Care (NYSE:EPC)

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