Edgewell Personal Care Co (NYSE:EPC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in Edgewell Personal Care Co (NYSE:EPC - Free Report) by 71.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,068 shares of the company's stock after selling 17,870 shares during the quarter. BNP Paribas Financial Markets' holdings in Edgewell Personal Care were worth $237,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Barclays PLC increased its stake in Edgewell Personal Care by 563.6% in the 3rd quarter. Barclays PLC now owns 148,553 shares of the company's stock valued at $5,400,000 after buying an additional 126,168 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Edgewell Personal Care by 12.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company's stock valued at $25,122,000 after acquiring an additional 85,467 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Edgewell Personal Care by 208.2% in the fourth quarter. SG Americas Securities LLC now owns 16,553 shares of the company's stock valued at $556,000 after acquiring an additional 11,183 shares in the last quarter. Amundi increased its stake in shares of Edgewell Personal Care by 188.6% during the fourth quarter. Amundi now owns 25,051 shares of the company's stock worth $807,000 after acquiring an additional 16,370 shares during the period. Finally, LPL Financial LLC raised its holdings in Edgewell Personal Care by 71.3% during the fourth quarter. LPL Financial LLC now owns 12,057 shares of the company's stock worth $405,000 after purchasing an additional 5,019 shares in the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EPC shares. Wells Fargo & Company cut their target price on Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Wall Street Zen upgraded Edgewell Personal Care from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Royal Bank of Canada cut their price objective on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Morgan Stanley reduced their target price on Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. Finally, Barclays lowered their price target on shares of Edgewell Personal Care from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $33.00.

Edgewell Personal Care Trading Down 0.2%

Shares of Edgewell Personal Care stock traded down $0.06 during trading hours on Friday, reaching $27.63. The stock had a trading volume of 509,043 shares, compared to its average volume of 480,107. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 15.10 and a beta of 0.91. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96. Edgewell Personal Care Co has a 1 year low of $24.35 and a 1 year high of $41.50. The firm has a 50 day simple moving average of $29.25 and a two-hundred day simple moving average of $31.71.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.87 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 company had revenue of $580.70 million for the quarter, compared to analyst estimates of $591.01 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Edgewell Personal Care Co will post 3.16 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, June 6th. Edgewell Personal Care's payout ratio is 35.09%.

About Edgewell Personal Care

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.