Voloridge Investment Management LLC Trims Position in Edgewell Personal Care Co (NYSE:EPC)

Voloridge Investment Management LLC decreased its position in Edgewell Personal Care Co (NYSE:EPC - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,859 shares of the company's stock after selling 93,727 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.10% of Edgewell Personal Care worth $1,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EPC. Brandes Investment Partners LP increased its stake in shares of Edgewell Personal Care by 21.1% in the 4th quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company's stock worth $68,600,000 after acquiring an additional 355,224 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Edgewell Personal Care by 40.5% in 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 period. Millennium Management LLC increased its stake in shares of Edgewell Personal Care by 117.3% during the fourth quarter. Millennium Management LLC now owns 443,507 shares of the company's stock valued at $14,902,000 after purchasing an additional 239,404 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Edgewell Personal Care during the fourth quarter valued at approximately $7,473,000. Finally, Marshall Wace LLP purchased a new position in shares of Edgewell Personal Care during the fourth quarter valued at approximately $5,040,000. Hedge funds and other institutional investors own 91.91% of the company's stock.

Edgewell Personal Care Stock Performance

Shares of Edgewell Personal Care stock traded down $1.80 during trading on Monday, hitting $25.82. 682,301 shares of the company's stock traded hands, compared to its average volume of 481,107. Edgewell Personal Care Co has a 1 year low of $24.35 and a 1 year high of $41.50. The business has a 50-day simple moving average of $29.18 and a 200-day simple moving average of $31.61. The stock has a market capitalization of $1.21 billion, a P/E ratio of 14.11 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 posted its earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.03). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. The company had revenue of $580.70 million for the quarter, compared to the consensus estimate of $591.01 million. During the same quarter in the prior year, the company posted $0.88 EPS. Edgewell Personal Care's revenue was down 3.1% on a year-over-year basis. As a group, analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 6th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, June 6th. Edgewell Personal Care's dividend payout ratio is currently 35.09%.

Analysts Set New Price Targets

EPC has been the subject of a number of analyst reports. 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 research report on Thursday, May 8th. Wells Fargo & Company cut their target price on 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. Wall Street Zen raised Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Morgan Stanley dropped their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 11th. Finally, UBS Group raised their price objective on shares of Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. One 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 stock presently has a consensus rating of "Hold" and an average price target of $33.00.

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.