Jane Street Group LLC Cuts Position in Edgewell Personal Care Co (NYSE:EPC)

Jane Street Group LLC trimmed its position in Edgewell Personal Care Co (NYSE:EPC) by 55.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,940 shares of the company’s stock after selling 57,061 shares during the quarter. Jane Street Group LLC owned 0.09% of Edgewell Personal Care worth $1,510,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC grew its stake in Edgewell Personal Care by 85.9% during the 4th quarter. Quadrant Capital Group LLC now owns 751 shares of the company’s stock valued at $25,000 after purchasing an additional 347 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Edgewell Personal Care by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 19,633 shares of the company’s stock valued at $660,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. grew its stake in Edgewell Personal Care by 18.7% during the 4th quarter. Blue Trust Inc. now owns 3,200 shares of the company’s stock valued at $116,000 after purchasing an additional 503 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Edgewell Personal Care by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 20,502 shares of the company’s stock valued at $695,000 after purchasing an additional 529 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Edgewell Personal Care by 6.2% during the 4th quarter. Bank of Montreal Can now owns 10,890 shares of the company’s stock valued at $366,000 after purchasing an additional 636 shares in the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Royal Bank of Canada decreased their target price 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. Morgan Stanley decreased their target price 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. Wells Fargo & Company decreased their target price on Edgewell Personal Care from $35.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, May 8th. Barclays decreased their target price 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. Finally, StockNews.com upgraded Edgewell Personal Care from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

Edgewell Personal Care Stock Performance

Shares of Edgewell Personal Care stock opened at $28.61 on Monday. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 15.63 and a beta of 0.91. The stock’s 50-day moving average is $29.71 and its 200-day moving average is $32.22. Edgewell Personal Care Co has a one year low of $24.35 and a one year high of $41.50. 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) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The business 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 9.29% and a net margin of 4.09%. Edgewell Personal Care’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Equities analysts predict that Edgewell Personal Care Co will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently announced 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. This represents a $0.60 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Friday, June 6th. Edgewell Personal Care’s payout ratio is presently 35.09%.

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.