APG Asset Management N.V. Sells 23,182 Shares of Edgewell Personal Care Company $EPC

Key Points

• APG Asset Management N.V. reduced its stake in Edgewell Personal Care by 36.2%, now holding approximately 0.09% of the company.
• Edgewell reported a net revenue decline of 3.2% year-over-year, posting earnings per share of $0.92, which missed analyst expectations.
• The company declared a quarterly dividend of $0.15 per share, representing a 2.6% yield, with the ex-dividend date set for September 4th.

APG Asset Management N.V. lessened its stake in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) by 36.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 40,868 shares of the company's stock after selling 23,182 shares during the period. APG Asset Management N.V. owned about 0.09% of Edgewell Personal Care worth $1,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of Edgewell Personal Care by 238.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 975 shares of the company's stock valued at $30,000 after acquiring an additional 687 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Edgewell Personal Care by 35.3% during the 1st quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock valued at $97,000 after acquiring an additional 809 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of Edgewell Personal Care by 24.1% during the 1st quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company's stock valued at $110,000 after acquiring an additional 686 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Edgewell Personal Care by 166.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,362 shares of the company's stock valued at $147,000 after purchasing an additional 2,725 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in Edgewell Personal Care during the 1st quarter valued at $219,000. Institutional investors and hedge funds own 91.91% of the company's stock.

Edgewell Personal Care Stock Up 1.6%

EPC stock traded up $0.38 during trading hours on Monday, hitting $24.01. The company's stock had a trading volume of 506,347 shares, compared to its average volume of 957,492. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $1.12 billion, a PE ratio of 17.79 and a beta of 0.85. Edgewell Personal Care Company has a 12 month low of $19.13 and a 12 month high of $40.35. The stock has a 50 day moving average price of $24.41 and a two-hundred day moving average price of $27.34.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The firm had revenue of $627.20 million during the quarter, compared to the consensus estimate of $658.51 million. During the same period in the prior year, the business earned $1.22 EPS. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. On average, equities research analysts expect that Edgewell Personal Care Company will post 3.16 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Thursday, September 4th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, September 4th. Edgewell Personal Care's dividend payout ratio (DPR) is 44.44%.

Wall Street Analysts Forecast Growth

EPC has been the topic of several recent analyst reports. Royal Bank Of Canada cut their target price on shares of Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group cut their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. Zacks Research downgraded shares of Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Wells Fargo & Company cut their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, Barclays cut their target price on shares of Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.29.

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.