Edgewell Personal Care Company $EPC Shares Bought by Public Sector Pension Investment Board

Key Points

• Public Sector Pension Investment Board increased its stake in Edgewell Personal Care (NYSE:EPC) by 40.5%, now owning 170,649 shares worth approximately $5.3 million.
• Edgewell Personal Care's quarterly earnings showed an EPS of $0.92, missing estimates, with revenue down 3.2% year-over-year to $627.20 million.
• The firm announced a quarterly dividend of $0.15 per share, representing an annualized yield of 2.6% and a payout ratio of 44.44%.

Public Sector Pension Investment Board raised its position in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 40.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 170,649 shares of the company's stock after purchasing an additional 49,221 shares during the period. Public Sector Pension Investment Board owned 0.36% of Edgewell Personal Care worth $5,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of EPC. Vanguard Group Inc. lifted its position in shares of Edgewell Personal Care by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 6,066,471 shares of the company's stock worth $189,335,000 after buying an additional 266,611 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Edgewell Personal Care by 117.3% in the 4th quarter. Millennium Management LLC now owns 443,507 shares of the company's stock valued at $14,902,000 after acquiring an additional 239,404 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Edgewell Personal Care in the 4th quarter valued at $7,473,000. LSV Asset Management increased its holdings in shares of Edgewell Personal Care by 14.6% in the 1st quarter. LSV Asset Management now owns 1,335,884 shares of the company's stock valued at $41,693,000 after acquiring an additional 169,732 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Edgewell Personal Care in the 4th quarter valued at $5,040,000. Hedge funds and other institutional investors own 91.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EPC. UBS Group cut their target price on shares of Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Wall Street Zen raised shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Zacks Research cut shares of Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Barclays dropped their price objective on shares of Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company dropped 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. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Edgewell Personal Care presently has an average rating of "Hold" and a consensus target price of $29.29.

Edgewell Personal Care Price Performance

Shares of NYSE:EPC traded up $0.63 on Friday, reaching $23.99. 92,647 shares of the company were exchanged, compared to its average volume of 665,918. Edgewell Personal Care Company has a 1-year low of $19.13 and a 1-year high of $40.71. 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 company has a 50-day moving average of $24.34 and a 200-day moving average of $27.70. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 17.77 and a beta of 0.81.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.09). Edgewell Personal Care had a return on equity of 8.06% and a net margin of 2.94%.The business 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 earned $1.22 earnings per share. Edgewell Personal Care's quarterly revenue was down 3.2% on a year-over-year basis. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. Equities analysts forecast 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 announced 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. This represents a $0.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, September 4th. Edgewell Personal Care's dividend payout ratio is 44.44%.

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.