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 lowered its position in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 21.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 83,972 shares of the company's stock after selling 22,906 shares during the period. Great Lakes Advisors LLC owned 0.18% of Edgewell Personal Care worth $2,621,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its holdings 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 during the period. Blue Trust Inc. raised its holdings in shares of Edgewell Personal Care by 35.3% during the 1st quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock worth $97,000 after acquiring an additional 809 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Edgewell Personal Care by 24.1% during the 1st quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company's stock worth $110,000 after acquiring an additional 686 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Edgewell Personal Care during the 1st quarter worth $202,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Edgewell Personal Care during the 1st quarter worth $219,000. Hedge funds and other institutional investors own 91.91% of the company's stock.

Analysts Set New Price Targets

EPC has been the topic of several analyst reports. Barclays reduced their price target on Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Zacks Research downgraded Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Canaccord Genuity Group cut their price objective on Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th. UBS Group cut their price objective on 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, Morgan Stanley raised Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and cut their price objective for the stock from $26.00 to $23.00 in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $29.29.

Edgewell Personal Care Stock Performance

NYSE EPC traded down $0.06 on Tuesday, reaching $21.11. The stock had a trading volume of 126,265 shares, compared to its average volume of 666,756. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.77. Edgewell Personal Care Company has a 12-month low of $19.13 and a 12-month high of $38.44. The business's 50-day moving average price is $24.12 and its 200 day moving average price is $26.77. The stock has a market cap of $980.77 million, a P/E ratio of 15.64 and a beta of 0.85.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last issued its quarterly earnings data 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). Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The firm had revenue of $627.20 million during the quarter, compared to analysts' expectations of $658.51 million. During the same quarter in the prior year, the firm posted $1.22 EPS. Edgewell Personal Care's quarterly revenue was down 3.2% compared to the same quarter last year. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, equities analysts expect that Edgewell Personal Care Company will post 3.16 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

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

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.