Edgewell Personal Care Co (NYSE:EPC) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its position in Edgewell Personal Care Co (NYSE:EPC) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,343 shares of the company’s stock after selling 2,131 shares during the period. Legal & General Group Plc owned approximately 0.27% of Edgewell Personal Care worth $4,447,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EPC. Brandes Investment Partners LP raised its position in Edgewell Personal Care by 21.1% during the 4th quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company’s stock worth $68,600,000 after buying an additional 355,224 shares during the last quarter. William Blair Investment Management LLC lifted its position in Edgewell Personal Care by 40.5% during the fourth quarter. William Blair Investment Management LLC now owns 878,390 shares of the company’s stock valued at $29,514,000 after purchasing an additional 253,014 shares during the period. Raymond James Financial Inc. purchased a new stake in Edgewell Personal Care in the fourth quarter valued at $7,473,000. Norges Bank purchased a new position in shares of Edgewell Personal Care during the 4th quarter valued at about $4,684,000. Finally, Barclays PLC lifted its holdings in shares of Edgewell Personal Care by 563.6% in the 3rd quarter. Barclays PLC now owns 148,553 shares of the company’s stock valued at $5,400,000 after buying an additional 126,168 shares during the period. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on EPC. Wells Fargo & Company reduced their price target on Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. StockNews.com downgraded shares of Edgewell Personal Care from a “hold” rating to a “sell” rating in a report on Thursday, April 17th. Barclays cut their price objective on shares of Edgewell Personal Care from $30.00 to $28.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Royal Bank of Canada dropped their target price on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley lowered their price target on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Edgewell Personal Care presently has a consensus rating of “Hold” and an average price target of $35.71.

Edgewell Personal Care Price Performance

NYSE:EPC opened at $30.07 on Tuesday. The firm has a market cap of $1.45 billion, a P/E ratio of 16.43 and a beta of 0.94. The stock has a 50 day moving average of $30.27 and a two-hundred day moving average of $32.95. Edgewell Personal Care Co has a 12 month low of $26.65 and a 12 month high of $41.50. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. On average, analysts expect that Edgewell Personal Care Co will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.60 annualized dividend and a yield of 2.00%. Edgewell Personal Care’s dividend payout ratio is presently 32.79%.

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.