Edgewell Personal Care Co (NYSE:EPC) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its stake in Edgewell Personal Care Co (NYSE:EPC) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,495 shares of the company’s stock after selling 347 shares during the period. Arizona State Retirement System’s holdings in Edgewell Personal Care were worth $494,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in Edgewell Personal Care by 0.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 30,227 shares of the company’s stock valued at $1,043,000 after purchasing an additional 238 shares during the last quarter. FMR LLC grew its stake in shares of Edgewell Personal Care by 0.8% in the first quarter. FMR LLC now owns 32,703 shares of the company’s stock worth $1,387,000 after acquiring an additional 254 shares in the last quarter. M&T Bank Corp grew its stake in shares of Edgewell Personal Care by 3.6% in the third quarter. M&T Bank Corp now owns 9,264 shares of the company’s stock worth $346,000 after acquiring an additional 319 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Edgewell Personal Care by 2.7% in the second quarter. Franklin Resources Inc. now owns 12,920 shares of the company’s stock worth $534,000 after acquiring an additional 334 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in shares of Edgewell Personal Care by 52.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,183 shares of the company’s stock worth $45,000 after acquiring an additional 409 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Edgewell Personal Care from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Barclays dropped their price target on shares of Edgewell Personal Care from $39.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th.

Edgewell Personal Care Stock Performance

Shares of EPC stock opened at $36.65 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average price of $37.57 and a 200 day moving average price of $36.55. The company has a market cap of $1.83 billion, a P/E ratio of 17.97 and a beta of 0.94. Edgewell Personal Care Co has a 12 month low of $33.71 and a 12 month high of $46.13.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Wednesday, February 7th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.18. The firm had revenue of $488.90 million during the quarter, compared to the consensus estimate of $481.41 million. Edgewell Personal Care had a net margin of 4.66% and a return on equity of 8.38%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Sell-side analysts predict that Edgewell Personal Care Co will post 2.8 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.64%. Edgewell Personal Care’s payout ratio is currently 29.41%.

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.