Millennium Management LLC Has $28.57 Million Stake in Edgewell Personal Care Company $EPC

Millennium Management LLC grew its position in shares of Edgewell Personal Care Company (NYSE:EPC) by 106.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 915,281 shares of the company’s stock after buying an additional 471,774 shares during the quarter. Millennium Management LLC owned approximately 1.95% of Edgewell Personal Care worth $28,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of Edgewell Personal Care by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,986 shares of the company’s stock valued at $561,000 after buying an additional 517 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of Edgewell Personal Care by 24.1% in the first quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company’s stock valued at $110,000 after purchasing an additional 686 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Edgewell Personal Care by 238.5% in the first quarter. PNC Financial Services Group Inc. now owns 975 shares of the company’s stock valued at $30,000 after purchasing an additional 687 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Edgewell Personal Care by 2.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,633 shares of the company’s stock valued at $928,000 after purchasing an additional 702 shares during the period. Finally, Central Pacific Bank Trust Division raised its position in shares of Edgewell Personal Care by 4.5% in the first quarter. Central Pacific Bank Trust Division now owns 17,450 shares of the company’s stock valued at $545,000 after purchasing an additional 750 shares during the period. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Stock Performance

Shares of EPC stock opened at $22.06 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.77 and a quick ratio of 0.91. The stock has a market cap of $1.02 billion, a PE ratio of 16.34 and a beta of 0.85. The stock has a 50-day moving average of $24.24 and a 200-day moving average of $26.97. Edgewell Personal Care Company has a one year low of $19.13 and a one year high of $38.44.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.09). The company had revenue of $627.20 million during the quarter, compared to the consensus estimate of $658.51 million. Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.22 earnings per share. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, sell-side analysts expect that Edgewell Personal Care Company will post 3.16 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Thursday, September 4th will be given a $0.15 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.7%. Edgewell Personal Care’s payout ratio is currently 44.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EPC shares. UBS Group dropped their price target on shares of Edgewell Personal Care from $28.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Canaccord Genuity Group cut their price target on Edgewell Personal Care from $35.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Zacks Research lowered Edgewell Personal Care from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th. Barclays cut their price target on Edgewell Personal Care from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Finally, Morgan Stanley upgraded Edgewell Personal Care from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $26.00 to $23.00 in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Edgewell Personal Care has an average rating of “Hold” and a consensus target price of $29.29.

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.