Exchange Traded Concepts LLC Has $1.82 Million Stake in Edgewell Personal Care Company (NYSE:EPC)

Exchange Traded Concepts LLC increased its stake in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 196.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 58,177 shares of the company's stock after purchasing an additional 38,544 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.12% of Edgewell Personal Care worth $1,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EPC. Brandes Investment Partners LP lifted its holdings in Edgewell Personal Care by 21.1% in the 4th quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company's stock worth $68,600,000 after purchasing an additional 355,224 shares during the last quarter. William Blair Investment Management LLC increased its position in 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 worth $29,514,000 after buying an additional 253,014 shares during the period. Millennium Management LLC increased its position in Edgewell Personal Care by 117.3% in 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 during the period. Raymond James Financial Inc. bought a new position in Edgewell Personal Care in the 4th quarter worth approximately $7,473,000. Finally, Marshall Wace LLP bought a new position in Edgewell Personal Care in the 4th quarter worth approximately $5,040,000. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Stock Performance

Shares of EPC traded up $0.16 on Thursday, reaching $22.95. 1,115,151 shares of the stock traded hands, compared to its average volume of 502,277. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 13.42 and a beta of 0.84. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.89 and a quick ratio of 0.93. Edgewell Personal Care Company has a 12 month low of $22.63 and a 12 month high of $41.50. The stock's 50-day moving average price is $27.94 and its 200-day moving average price is $30.68.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $580.70 million for the quarter, compared to the consensus estimate of $591.01 million. Edgewell Personal Care had a net margin of 3.81% and a return on equity of 9.20%. The business'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 posted $0.88 earnings per share. Equities analysts forecast that Edgewell Personal Care Company will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

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 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Friday, June 6th. Edgewell Personal Care's dividend payout ratio is 35.09%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EPC. Wall Street Zen raised Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Barclays dropped their price target on 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. Wells Fargo & Company dropped their price target on Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. UBS Group lifted their price target on Edgewell Personal Care from $31.00 to $32.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group dropped their price target on Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Edgewell Personal Care presently has an average rating of "Hold" and an average price target 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.