Fuller & Thaler Asset Management Inc. Has $63.10 Million Stake in Edgewell Personal Care Company $EPC

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Edgewell Personal Care Company by 3.2%, resulting in ownership of approximately 4.30% of the company valued at $63.1 million.
• Edgewell Personal Care reported lower-than-expected earnings with EPS of $0.92, missing estimates, and revenue down 3.2% compared to the previous year.
• The company declared a quarterly dividend of $0.15, representing a 2.6% yield, with an annualized payout of $0.60.

Fuller & Thaler Asset Management Inc. cut its stake in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,021,756 shares of the company's stock after selling 66,150 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 4.30% of Edgewell Personal Care worth $63,099,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Edgewell Personal Care by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 6,066,471 shares of the company's stock worth $189,335,000 after acquiring an additional 266,611 shares in the last quarter. Millennium Management LLC grew its position in Edgewell Personal Care by 117.3% during the fourth quarter. Millennium Management LLC now owns 443,507 shares of the company's stock valued at $14,902,000 after purchasing an additional 239,404 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Edgewell Personal Care in the 4th quarter valued at approximately $7,473,000. LSV Asset Management lifted its position in Edgewell Personal Care by 14.6% in the 1st quarter. LSV Asset Management now owns 1,335,884 shares of the company's stock worth $41,693,000 after buying an additional 169,732 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Edgewell Personal Care during the 4th quarter valued at $5,040,000. Institutional investors own 91.91% of the company's stock.

Edgewell Personal Care Stock Performance

Shares of EPC stock traded up $0.5620 during trading on Friday, reaching $23.9220. The company had a trading volume of 544,401 shares, compared to its average volume of 971,410. The firm's 50 day simple moving average is $24.35 and its two-hundred day simple moving average is $27.65. Edgewell Personal Care Company has a one year low of $19.13 and a one year high of $40.71. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.77 and a quick ratio of 0.91. The company has a market capitalization of $1.11 billion, a PE ratio of 17.72 and a beta of 0.81.

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

Edgewell Personal Care Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Thursday, September 4th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 4th. Edgewell Personal Care's payout ratio is currently 44.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their price target 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. UBS Group cut their price target on Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Wall Street Zen upgraded Edgewell Personal Care from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Canaccord Genuity Group dropped their price objective on Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Finally, Morgan Stanley upgraded shares of Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $26.00 to $23.00 in a research note on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Edgewell Personal Care has an average rating of "Hold" and an average target price of $29.29.

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.