Hsbc Holdings PLC Sells 27,873 Shares of Edgewell Personal Care Co (NYSE:EPC)

Hsbc Holdings PLC decreased its holdings in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) by 60.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,561 shares of the company's stock after selling 27,873 shares during the period. Hsbc Holdings PLC's holdings in Edgewell Personal Care were worth $625,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EPC. Brandes Investment Partners LP boosted its position in shares of Edgewell Personal Care by 21.1% during the 4th quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company's stock valued at $68,600,000 after purchasing an additional 355,224 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Edgewell Personal Care by 40.5% in the fourth quarter. William Blair Investment Management LLC now owns 878,390 shares of the company's stock worth $29,514,000 after acquiring an additional 253,014 shares in the last quarter. Raymond James Financial Inc. bought a new position in Edgewell Personal Care in the fourth quarter worth approximately $7,473,000. Marshall Wace LLP bought a new position in Edgewell Personal Care in the fourth quarter worth approximately $5,040,000. Finally, Norges Bank bought a new position in Edgewell Personal Care in the fourth quarter worth approximately $4,684,000. Institutional investors own 91.91% of the company's stock.

Edgewell Personal Care Stock Performance

NYSE:EPC traded up $0.03 during trading hours on Friday, reaching $27.23. The stock had a trading volume of 764,377 shares, compared to its average volume of 470,405. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 2.06. The stock has a 50 day simple moving average of $30.03 and a 200 day simple moving average of $32.46. Edgewell Personal Care Co has a 12-month low of $24.35 and a 12-month high of $41.50. The stock has a market cap of $1.31 billion, a P/E ratio of 14.88 and a beta of 0.91.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.03). Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. The firm had revenue of $580.70 million during the quarter, compared to analysts' expectations of $591.01 million. During the same period in the prior year, the business earned $0.88 earnings per share. The business's quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 6th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, June 6th. Edgewell Personal Care's payout ratio is 32.79%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank of Canada cut their price target on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Thursday. Barclays dropped their target price on Edgewell Personal Care from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday. UBS Group raised their target price on Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. StockNews.com lowered Edgewell Personal Care from a "hold" rating to a "sell" rating in a report on Friday. Finally, Morgan Stanley decreased their price target on Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating for the company in a research report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Edgewell Personal Care currently has a consensus rating of "Hold" and a consensus target price of $33.00.

Edgewell Personal Care 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.