Teacher Retirement System of Texas Reduces Position in Edgewell Personal Care Company (NYSE:EPC)

Teacher Retirement System of Texas lowered its holdings in Edgewell Personal Care Company (NYSE:EPC) by 69.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,329 shares of the company’s stock after selling 48,554 shares during the period. Teacher Retirement System of Texas’ holdings in Edgewell Personal Care were worth $666,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EPC. Charles Schwab Investment Management Inc. raised its stake in shares of Edgewell Personal Care by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 817,042 shares of the company’s stock valued at $27,453,000 after purchasing an additional 38,353 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Edgewell Personal Care during the fourth quarter valued at approximately $7,473,000. Amundi lifted its holdings in Edgewell Personal Care by 188.6% during the 4th quarter. Amundi now owns 25,051 shares of the company’s stock worth $807,000 after buying an additional 16,370 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Edgewell Personal Care in the 4th quarter worth approximately $3,866,000. Finally, William Blair Investment Management LLC increased its holdings in shares of Edgewell Personal Care by 40.5% in the 4th quarter. William Blair Investment Management LLC now owns 878,390 shares of the company’s stock valued at $29,514,000 after acquiring an additional 253,014 shares during the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EPC. Barclays increased their price target on Edgewell Personal Care from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Wall Street Zen upgraded Edgewell Personal Care from a “sell” rating to a “hold” rating in a research note on Saturday, May 17th. Royal Bank Of Canada reduced their price target on shares of Edgewell Personal Care from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Wells Fargo & Company dropped their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Finally, UBS Group lifted 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 report on Thursday, April 17th. One research 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.14.

Edgewell Personal Care Price Performance

EPC stock opened at $25.61 on Wednesday. Edgewell Personal Care Company has a one year low of $22.61 and a one year high of $41.50. The firm has a 50-day moving average of $25.94 and a two-hundred day moving average of $29.31. The firm has a market capitalization of $1.20 billion, a PE ratio of 14.98 and a beta of 0.78. The company has a current ratio of 1.89, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results 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 return on equity of 9.20% and a net margin of 3.81%. The business had revenue of $580.70 million during the quarter, compared to analyst estimates of $591.01 million. During the same period last year, the business earned $0.88 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts forecast that Edgewell Personal Care Company will post 3.16 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 6th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Friday, June 6th. Edgewell Personal Care’s dividend payout ratio (DPR) is currently 35.09%.

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.