Wedge Capital Management L L P NC Has $1.47 Million Stock Position in Edgewell Personal Care Co (NYSE:EPC)

Wedge Capital Management L L P NC grew its position in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) by 44.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,082 shares of the company's stock after buying an additional 14,429 shares during the period. Wedge Capital Management L L P NC owned approximately 0.10% of Edgewell Personal Care worth $1,469,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brandes Investment Partners LP increased its position in Edgewell Personal Care by 21.1% during 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 period. William Blair Investment Management LLC raised its position in shares of 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 valued at $29,514,000 after buying an additional 253,014 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Edgewell Personal Care by 117.3% in the fourth quarter. Millennium Management LLC now owns 443,507 shares of the company's stock valued at $14,902,000 after buying an additional 239,404 shares during the period. Raymond James Financial Inc. acquired a new stake in Edgewell Personal Care during the fourth quarter worth approximately $7,473,000. Finally, Marshall Wace LLP acquired a new stake in Edgewell Personal Care during the fourth quarter worth approximately $5,040,000. Institutional investors and hedge funds own 91.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EPC. 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 report on Thursday, May 8th. Barclays cut their price objective on shares of Edgewell Personal Care from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Royal Bank of Canada decreased 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 report on Thursday, May 8th. Wall Street Zen upgraded shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Finally, Canaccord Genuity Group lowered their price objective on shares of Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Edgewell Personal Care currently has a consensus rating of "Hold" and a consensus target price of $33.00.

Edgewell Personal Care Price Performance

Shares of EPC stock traded down $0.55 on Thursday, reaching $24.80. The company had a trading volume of 688,905 shares, compared to its average volume of 492,798. The business's 50-day moving average is $28.51 and its 200 day moving average is $31.16. Edgewell Personal Care Co has a one year low of $24.35 and a one year high of $41.50. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1.17 billion, a PE ratio of 13.55 and a beta of 0.84.

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 the consensus estimate of $0.90 by ($0.03). The company had revenue of $580.70 million during the quarter, compared to the consensus estimate of $591.01 million. Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. Edgewell Personal Care's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 EPS. Equities research analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 6th will be given a $0.15 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.60 annualized dividend and a yield of 2.42%. Edgewell Personal Care's dividend payout ratio is presently 35.09%.

Edgewell Personal Care Company 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.