Harbor Capital Advisors Inc. Raises Position in Edgewell Personal Care Company (NYSE:EPC)

Harbor Capital Advisors Inc. increased its position in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 3,422.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,377 shares of the company's stock after buying an additional 11,054 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Edgewell Personal Care were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its stake in Edgewell Personal Care by 44.2% during the 1st quarter. Wedge Capital Management L L P NC now owns 47,082 shares of the company's stock valued at $1,469,000 after purchasing an additional 14,429 shares during the last quarter. GAMMA Investing LLC boosted its position in Edgewell Personal Care by 4,732.4% in the first quarter. GAMMA Investing LLC now owns 23,002 shares of the company's stock worth $737,000 after purchasing an additional 22,526 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in Edgewell Personal Care by 4.5% in the first quarter. Central Pacific Bank Trust Division now owns 17,450 shares of the company's stock worth $545,000 after purchasing an additional 750 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Edgewell Personal Care during the 4th quarter worth $351,000. Finally, ProShare Advisors LLC raised its stake in shares of Edgewell Personal Care by 42.7% during the 4th quarter. ProShare Advisors LLC now owns 14,645 shares of the company's stock worth $492,000 after purchasing an additional 4,379 shares during the period. 91.91% of the stock is owned by institutional investors.

Edgewell Personal Care Price Performance

NYSE:EPC traded up $0.28 during trading hours on Wednesday, hitting $23.07. 574,621 shares of the company's stock traded hands, compared to its average volume of 499,516. The company has a quick ratio of 0.93, a current ratio of 1.89 and a debt-to-equity ratio of 0.95. The business's fifty day simple moving average is $28.20 and its two-hundred day simple moving average is $30.84. Edgewell Personal Care Company has a 52 week low of $22.63 and a 52 week high of $41.50. The firm has a market cap of $1.08 billion, a P/E ratio of 13.47 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 return on equity of 9.20% and a net margin of 3.81%. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. On average, research analysts anticipate that Edgewell Personal Care Company will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The company 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.60%. Edgewell Personal Care's dividend payout ratio is presently 35.09%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Royal Bank Of Canada dropped their price target on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen raised Edgewell Personal Care from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. UBS Group upped their price objective on shares of Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Finally, Canaccord Genuity Group reduced their target price on shares of Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Edgewell Personal Care has a consensus rating of "Hold" and an average price target of $33.00.

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.