William Blair Investment Management LLC Sells 63,528 Shares of Edgewell Personal Care Company $EPC

Key Points

• William Blair Investment Management LLC sold 63,528 shares of Edgewell Personal Care Company, reducing its holdings by 7.5% to 778,289 shares valued at approximately $18.22 million as of the end of the second quarter.
• Edgewell Personal Care reported earnings per share (EPS) of $0.92 for the last quarter, missing the consensus estimate of $1.01, with revenues declining 3.2% year-over-year to $627.2 million.
• Analyst ratings for Edgewell Personal Care vary, with a consensus rating of "Hold" and a price target averaging $26.33, although several firms have reduced their price objectives in recent months.

William Blair Investment Management LLC decreased its holdings in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 778,289 shares of the company's stock after selling 63,528 shares during the quarter. William Blair Investment Management LLC owned about 1.65% of Edgewell Personal Care worth $18,220,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in EPC. PNC Financial Services Group Inc. boosted its stake in Edgewell Personal Care by 238.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 975 shares of the company's stock valued at $30,000 after purchasing an additional 687 shares during the period. GAMMA Investing LLC lifted its position in shares of Edgewell Personal Care by 167.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,968 shares of the company's stock worth $46,000 after acquiring an additional 1,231 shares during the period. Blue Trust Inc. lifted its position in shares of Edgewell Personal Care by 35.3% in the 1st quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock worth $97,000 after acquiring an additional 809 shares during the period. TD Private Client Wealth LLC lifted its position in shares of Edgewell Personal Care by 24.1% in the 1st quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company's stock worth $110,000 after acquiring an additional 686 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in shares of Edgewell Personal Care in the 1st quarter worth approximately $202,000. Institutional investors own 91.91% of the company's stock.

Edgewell Personal Care Stock Performance

Edgewell Personal Care stock opened at $20.25 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.77 and a quick ratio of 0.91. The stock has a fifty day moving average price of $21.69 and a two-hundred day moving average price of $25.01. Edgewell Personal Care Company has a 52-week low of $19.13 and a 52-week high of $38.44. The firm has a market capitalization of $940.58 million, a P/E ratio of 15.00 and a beta of 0.83.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.92 earnings per share (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 company had revenue of $627.20 million for the quarter, compared to analyst estimates of $658.51 million. During the same quarter in the prior year, the company earned $1.22 earnings per share. The business's revenue was down 3.2% compared to the same quarter last year. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, analysts anticipate that Edgewell Personal Care Company will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Thursday, September 4th were given a $0.15 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.60 annualized dividend and a yield of 3.0%. Edgewell Personal Care's payout ratio is presently 44.44%.

Analyst Ratings Changes

A number of analysts have commented on EPC shares. Barclays reduced their price objective on Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Wells Fargo & Company reduced their price objective on Edgewell Personal Care from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. UBS Group reduced their price objective on Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Edgewell Personal Care in a research report on Wednesday, October 8th. Finally, Morgan Stanley upgraded Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $26.00 to $23.00 in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $26.33.

About Edgewell Personal Care

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.

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