Two Sigma Advisers LP Sells 19,800 Shares of Edgewell Personal Care Co (NYSE:EPC)

Two Sigma Advisers LP reduced its stake in Edgewell Personal Care Co (NYSE:EPC) by 51.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,700 shares of the company’s stock after selling 19,800 shares during the period. Two Sigma Advisers LP’s holdings in Edgewell Personal Care were worth $628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its holdings in shares of 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 last quarter. R Squared Ltd bought a new stake in Edgewell Personal Care in the fourth quarter worth about $36,000. Wolverine Asset Management LLC raised its position in Edgewell Personal Care by 217.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock worth $39,000 after acquiring an additional 800 shares during the period. Sterling Capital Management LLC raised its position in shares of Edgewell Personal Care by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,531 shares of the company’s stock valued at $51,000 after purchasing an additional 1,362 shares during the period. Finally, KBC Group NV raised its position in shares of Edgewell Personal Care by 56.5% in the fourth quarter. KBC Group NV now owns 2,279 shares of the company’s stock valued at $77,000 after purchasing an additional 823 shares during the period. 91.91% of the stock is owned by institutional investors.

Edgewell Personal Care Stock Up 2.6%

Shares of Edgewell Personal Care stock opened at $26.51 on Wednesday. Edgewell Personal Care Co has a 1 year low of $24.35 and a 1 year high of $41.50. The company has a 50-day moving average of $29.09 and a 200 day moving average of $31.57. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 14.49 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) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.87 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 firm had revenue of $580.70 million for the quarter, compared to analysts’ expectations of $591.01 million. During the same period last year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Edgewell Personal Care Co will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, June 6th. Edgewell Personal Care’s payout ratio is presently 35.09%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays decreased their target price on shares of Edgewell Personal Care from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Morgan Stanley cut their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, May 8th. Canaccord Genuity Group lowered their price target on shares of Edgewell Personal Care from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, UBS Group upped their price objective on shares of Edgewell Personal Care from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Edgewell Personal Care has a consensus rating of “Hold” and a consensus 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.