Teacher Retirement System of Texas Cuts Stock Position in Edgewell Personal Care Company (NYSE:EPC)

Teacher Retirement System of Texas reduced its holdings in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 69.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,329 shares of the company's stock after selling 48,554 shares during the period. Teacher Retirement System of Texas' holdings in Edgewell Personal Care were worth $666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. William Blair Investment Management LLC lifted its stake in 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. Millennium Management LLC grew 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 worth $14,902,000 after acquiring an additional 239,404 shares during the period. Raymond James Financial Inc. acquired a new position in Edgewell Personal Care during the fourth quarter worth about $7,473,000. Marshall Wace LLP acquired a new stake in shares of Edgewell Personal Care during the fourth quarter valued at $5,040,000. Finally, Norges Bank acquired a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $4,684,000. 91.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on EPC. Wall Street Zen upgraded Edgewell Personal Care from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Barclays raised their price objective on Edgewell Personal Care from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Tuesday. Royal Bank Of Canada reduced their price objective on 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. UBS Group increased their target price 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 reduced their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $33.14.

Edgewell Personal Care Price Performance

Shares of NYSE EPC traded down $0.24 during trading hours on Friday, hitting $25.58. 559,123 shares of the stock were exchanged, compared to its average volume of 539,724. The company's fifty day simple moving average is $25.86 and its two-hundred day simple moving average is $29.18. 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 debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 1.89. Edgewell Personal Care Company has a 1-year low of $22.61 and a 1-year high of $40.73.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.03). The company had revenue of $580.70 million for the quarter, compared to analyst estimates of $591.01 million. Edgewell Personal Care had a return on equity of 9.20% and a net margin of 3.81%. Edgewell Personal Care's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. On average, sell-side analysts predict that Edgewell Personal Care Company will post 3.16 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Friday, June 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Friday, June 6th. Edgewell Personal Care's dividend payout ratio is currently 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.