Millennium Management LLC Acquires 239,404 Shares of Edgewell Personal Care Co (NYSE:EPC)

Millennium Management LLC grew its stake in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) by 117.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 443,507 shares of the company's stock after acquiring an additional 239,404 shares during the period. Millennium Management LLC owned 0.91% of Edgewell Personal Care worth $14,902,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC grew its holdings in shares of Edgewell Personal Care by 563.6% during the 3rd quarter. Barclays PLC now owns 148,553 shares of the company's stock valued at $5,400,000 after acquiring an additional 126,168 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Edgewell Personal Care by 12.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company's stock valued at $25,122,000 after acquiring an additional 85,467 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Edgewell Personal Care by 208.2% during the 4th quarter. SG Americas Securities LLC now owns 16,553 shares of the company's stock valued at $556,000 after acquiring an additional 11,183 shares in the last quarter. Amundi boosted its holdings in Edgewell Personal Care by 188.6% in the fourth quarter. Amundi now owns 25,051 shares of the company's stock worth $807,000 after purchasing an additional 16,370 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Edgewell Personal Care by 71.3% in the fourth quarter. LPL Financial LLC now owns 12,057 shares of the company's stock worth $405,000 after purchasing an additional 5,019 shares in the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EPC shares. Morgan Stanley cut their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating for the company in a research report on Tuesday, February 11th. Wall Street Zen raised shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Royal Bank of Canada cut their price objective on shares of Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. UBS Group increased their price target on shares of 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, Wells Fargo & Company decreased their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating on the stock in a research note 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $33.00.

Edgewell Personal Care Trading Up 0.2%

EPC traded up $0.06 during trading on Wednesday, reaching $28.12. 67,542 shares of the company's stock were exchanged, compared to its average volume of 479,111. The company's fifty day moving average price is $29.36 and its 200-day moving average price is $31.85. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 2.06. Edgewell Personal Care Co has a fifty-two week low of $24.35 and a fifty-two week high of $41.50. The firm has a market capitalization of $1.32 billion, a PE ratio of 15.38 and a beta of 0.91.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.03). Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. The business had revenue of $580.70 million for the quarter, compared to analyst estimates of $591.01 million. During the same period in the prior year, the firm posted $0.88 EPS. Edgewell Personal Care's revenue was down 3.1% on a year-over-year basis. As a group, equities analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 6th will be given 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 2.13%. Edgewell Personal Care's dividend payout ratio is 35.09%.

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.