Voloridge Investment Management LLC Sells 93,727 Shares of Edgewell Personal Care Co (NYSE:EPC)

Voloridge Investment Management LLC lowered its position in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) by 66.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,859 shares of the company's stock after selling 93,727 shares during the quarter. Voloridge Investment Management LLC owned about 0.10% of Edgewell Personal Care worth $1,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in Edgewell Personal Care by 85.9% during the fourth quarter. Quadrant Capital Group LLC now owns 751 shares of the company's stock valued at $25,000 after buying an additional 347 shares during the period. R Squared Ltd purchased a new position in Edgewell Personal Care during the fourth quarter valued at $36,000. Wolverine Asset Management LLC lifted its position in Edgewell Personal Care by 217.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company's stock valued at $39,000 after buying an additional 800 shares during the period. Sterling Capital Management LLC lifted its position in Edgewell Personal Care by 805.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,531 shares of the company's stock valued at $51,000 after buying an additional 1,362 shares during the period. Finally, KBC Group NV lifted its position in Edgewell Personal Care by 56.5% during the fourth quarter. KBC Group NV now owns 2,279 shares of the company's stock valued at $77,000 after buying an additional 823 shares during the period. Hedge funds and other institutional investors own 91.91% of the company's stock.

Wall Street Analyst Weigh In

EPC has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on 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. Barclays lowered their price target on Edgewell Personal Care from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. UBS Group lifted their price objective on Edgewell Personal Care from $31.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Royal Bank of Canada reduced their price objective on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Finally, Wells Fargo & Company reduced their price objective 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 issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $33.00.

Edgewell Personal Care Stock Performance

NYSE EPC traded down $0.06 during trading hours on Friday, hitting $27.63. The company's stock had a trading volume of 509,043 shares, compared to its average volume of 480,107. Edgewell Personal Care Co has a 12 month low of $24.35 and a 12 month high of $41.50. The company's 50 day simple moving average is $29.25 and its two-hundred day simple moving average is $31.71. The company has a market cap of $1.30 billion, a P/E ratio of 15.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.06 and a quick ratio of 0.97.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $580.70 million for the quarter, compared to the consensus estimate of $591.01 million. Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. The company'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 firm earned $0.88 earnings per share. As a group, sell-side analysts expect that Edgewell Personal Care Co will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.17%. Edgewell Personal Care's dividend payout ratio is currently 35.09%.

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.