Wedge Capital Management L L P NC Increases Holdings in Edgewell Personal Care Co (NYSE:EPC)

Wedge Capital Management L L P NC increased its holdings in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) by 44.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,082 shares of the company's stock after acquiring an additional 14,429 shares during the quarter. Wedge Capital Management L L P NC owned about 0.10% of Edgewell Personal Care worth $1,469,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Brandes Investment Partners LP lifted its holdings in shares of Edgewell Personal Care by 21.1% in the fourth quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company's stock worth $68,600,000 after acquiring an additional 355,224 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Edgewell Personal Care by 40.5% in the 4th quarter. William Blair Investment Management LLC now owns 878,390 shares of the company's stock valued at $29,514,000 after purchasing an additional 253,014 shares during the period. Millennium Management LLC boosted its holdings in shares of Edgewell Personal Care by 117.3% during the 4th quarter. Millennium Management LLC now owns 443,507 shares of the company's stock worth $14,902,000 after buying an additional 239,404 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Edgewell Personal Care in the fourth quarter valued at $7,473,000. Finally, Marshall Wace LLP acquired a new position in Edgewell Personal Care during the 4th quarter worth approximately $5,040,000. 91.91% of the stock is owned by institutional investors.

Edgewell Personal Care Trading Down 6.9%

EPC stock traded down $1.71 during midday trading on Friday, hitting $23.13. The company had a trading volume of 649,419 shares, compared to its average volume of 494,944. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 12.64 and a beta of 0.84. Edgewell Personal Care Co has a 52 week low of $23.12 and a 52 week high of $41.50. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96. The stock's 50 day moving average price is $28.42 and its 200 day moving average price is $31.03.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its quarterly 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). The business had revenue of $580.70 million for the quarter, compared to analysts' expectations of $591.01 million. Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, equities research analysts expect that Edgewell Personal Care Co will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 6th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Friday, June 6th. Edgewell Personal Care's payout ratio is currently 35.09%.

Analysts Set New Price Targets

EPC has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price objective on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating for the company in a report 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. UBS Group lifted their price target on Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Canaccord Genuity Group lowered their target price on shares of Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Barclays decreased their price objective on shares of Edgewell Personal Care from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $33.00.

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.