Edgewell Personal Care Company $EPC Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC sold 22,906 shares of Edgewell Personal Care, reducing its stake by 21.4% and owning approximately 0.18% of the company worth $2.62 million.
• Edgewell reported a Q2 earnings per share (EPS) of $0.92, missing analysts' expectations, with revenue down 3.2% year-over-year.
• The company announced a quarterly dividend of $0.15 per share, reflecting a yield of 2.8% and a payout ratio of 44.44%.

Great Lakes Advisors LLC reduced its position in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) by 21.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,972 shares of the company's stock after selling 22,906 shares during the period. Great Lakes Advisors LLC owned about 0.18% of Edgewell Personal Care worth $2,621,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Edgewell Personal Care by 238.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 975 shares of the company's stock worth $30,000 after acquiring an additional 687 shares in the last quarter. Blue Trust Inc. grew its position in shares of Edgewell Personal Care by 35.3% in the 1st quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock valued at $97,000 after buying an additional 809 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Edgewell Personal Care by 24.1% in the 1st quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company's stock valued at $110,000 after buying an additional 686 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Edgewell Personal Care during the 1st quarter worth $202,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Edgewell Personal Care in the first quarter valued at $219,000. 91.91% of the stock is owned by hedge funds and other institutional investors.

Edgewell Personal Care Stock Performance

Shares of NYSE EPC traded down $0.31 during mid-day trading on Friday, hitting $21.71. 990,370 shares of the company were exchanged, compared to its average volume of 585,347. The stock has a 50 day simple moving average of $24.18 and a 200-day simple moving average of $26.87. Edgewell Personal Care Company has a 1-year low of $19.13 and a 1-year high of $38.44. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.88. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 16.08 and a beta of 0.85.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.92 EPS 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 analysts' expectations 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 quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. On average, sell-side analysts forecast that Edgewell Personal Care Company will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.60 annualized dividend and a yield of 2.8%. Edgewell Personal Care's payout ratio is presently 44.44%.

Analyst Ratings Changes

Several research firms have recently weighed in on EPC. Zacks Research downgraded Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Morgan Stanley upgraded Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $26.00 to $23.00 in a research note on Wednesday, August 6th. Barclays lowered their target price on shares of Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. UBS Group reduced their price target on shares of Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Canaccord Genuity Group decreased their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.