Edgewell Personal Care Company (NYSE:EPC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 69.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,329 shares of the company's stock after selling 48,554 shares during the quarter. Teacher Retirement System of Texas' holdings in Edgewell Personal Care were worth $666,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in Edgewell Personal Care by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 817,042 shares of the company's stock valued at $27,453,000 after acquiring an additional 38,353 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Edgewell Personal Care in the 4th quarter valued at approximately $7,473,000. Amundi increased its holdings in shares of Edgewell Personal Care by 188.6% in the fourth quarter. Amundi now owns 25,051 shares of the company's stock valued at $807,000 after purchasing an additional 16,370 shares during the period. Madison Investment Advisors LLC purchased a new stake in shares of Edgewell Personal Care during the fourth quarter worth approximately $3,866,000. Finally, William Blair Investment Management LLC raised its stake in shares of Edgewell Personal Care by 40.5% during the fourth quarter. William Blair Investment Management LLC now owns 878,390 shares of the company's stock worth $29,514,000 after purchasing an additional 253,014 shares during the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.

Edgewell Personal Care Price Performance

Shares of NYSE:EPC traded down $0.24 during trading on Friday, hitting $25.58. 559,123 shares of the stock were exchanged, compared to its average volume of 539,724. The company has a market cap of $1.20 billion, a PE ratio of 14.96 and a beta of 0.78. The company has a current ratio of 1.89, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average price of $25.86 and a two-hundred day moving average price of $29.18. Edgewell Personal Care Company has a 12-month low of $22.61 and a 12-month high of $40.73.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted 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). The firm had revenue of $580.70 million for the quarter, compared to analysts' expectations 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 in the previous year, the firm posted $0.88 earnings per share. On average, analysts forecast that Edgewell Personal Care Company will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend was Friday, June 6th. Edgewell Personal Care's dividend payout ratio (DPR) is presently 35.09%.

Analysts Set New Price Targets

EPC has been the topic of several recent research reports. Wall Street Zen raised shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Royal Bank Of Canada dropped their price target on shares of Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group reduced their price objective on shares of Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Barclays boosted their target price on Edgewell Personal Care from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Finally, Wells Fargo & Company reduced their price target on Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $33.14.

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.