Petrus Trust Company LTA Acquires New Position in Edgewell Personal Care Company $EPC

Key Points

• Petrus Trust Company LTA has acquired 15,824 shares of Edgewell Personal Care Company, valued at approximately $494,000, marking a significant institutional investment in the firm.
• Edgewell Personal Care's recent quarterly earnings reported an EPS of $0.92, missing the consensus estimate, with a revenue of $627.20 million, down 3.2% year-over-year.
• The company declared a quarterly dividend of $0.15 per share, resulting in an annualized dividend yield of 2.6%, with the ex-dividend date set for September 4th.

Petrus Trust Company LTA purchased a new position in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,824 shares of the company's stock, valued at approximately $494,000.

Several other institutional investors have also bought and sold shares of the stock. Millennium Management LLC grew its holdings in Edgewell Personal Care by 106.4% during the first quarter. Millennium Management LLC now owns 915,281 shares of the company's stock worth $28,566,000 after buying an additional 471,774 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Edgewell Personal Care by 3.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,564 shares of the company's stock worth $891,000 after buying an additional 931 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in Edgewell Personal Care by 1.2% during the first quarter. Bridgeway Capital Management LLC now owns 353,908 shares of the company's stock worth $11,045,000 after buying an additional 4,294 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Edgewell Personal Care during the first quarter worth $202,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Edgewell Personal Care during the first quarter worth $2,299,000. Institutional investors own 91.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EPC shares. Canaccord Genuity Group decreased their price target on Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Wall Street Zen upgraded Edgewell Personal Care from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Barclays reduced their price objective on Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. 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. Finally, Zacks Research downgraded Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Four equities 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 company's stock. According to MarketBeat, Edgewell Personal Care presently has a consensus rating of "Hold" and an average price target of $29.29.

Edgewell Personal Care Stock Performance

Shares of EPC stock traded down $0.13 on Friday, hitting $21.89. 225,280 shares of the stock were exchanged, compared to its average volume of 665,069. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $1.02 billion, a PE ratio of 16.21 and a beta of 0.85. Edgewell Personal Care Company has a one year low of $19.13 and a one year high of $38.44. The firm's 50 day moving average is $24.24 and its two-hundred day moving average is $26.97.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.09). The firm had revenue of $627.20 million for the quarter, compared to the consensus estimate 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% 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. Sell-side analysts expect that Edgewell Personal Care Company will post 3.16 earnings per share for the current fiscal 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 issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.7%. Edgewell Personal Care's dividend payout ratio (DPR) is presently 44.44%.

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.