Arizona State Retirement System Grows Stock Position in Edgewell Personal Care Co (NYSE:EPC)

Arizona State Retirement System boosted its stake in shares of Edgewell Personal Care Co (NYSE:EPC – Get Rating) by 1.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,892 shares of the company’s stock after purchasing an additional 260 shares during the quarter. Arizona State Retirement System’s holdings in Edgewell Personal Care were worth $535,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EPC. Price T Rowe Associates Inc. MD raised its stake in shares of Edgewell Personal Care by 0.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 30,227 shares of the company’s stock worth $1,043,000 after purchasing an additional 238 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Edgewell Personal Care by 4.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,653 shares of the company’s stock worth $256,000 after buying an additional 259 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in Edgewell Personal Care by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 21,512 shares of the company’s stock worth $829,000 after buying an additional 274 shares in the last quarter. M&T Bank Corp raised its position in Edgewell Personal Care by 3.6% in the third quarter. M&T Bank Corp now owns 9,264 shares of the company’s stock valued at $346,000 after purchasing an additional 319 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in Edgewell Personal Care by 116.9% in the third quarter. Rockefeller Capital Management L.P. now owns 733 shares of the company’s stock valued at $27,000 after purchasing an additional 395 shares during the period. Institutional investors own 94.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Canaccord Genuity Group boosted their target price on Edgewell Personal Care from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Barclays upped their price objective on Edgewell Personal Care from $38.00 to $40.00 in a research note on Friday, May 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $53.00 price target on shares of Edgewell Personal Care in a report on Thursday, February 9th. StockNews.com raised Edgewell Personal Care from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Finally, UBS Group initiated coverage on Edgewell Personal Care in a research report on Wednesday, April 5th. They set a “neutral” rating and a $47.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Edgewell Personal Care has a consensus rating of “Hold” and a consensus target price of $44.71.

Edgewell Personal Care Trading Down 1.2 %

NYSE:EPC opened at $43.36 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.82 and a current ratio of 1.77. Edgewell Personal Care Co has a one year low of $32.18 and a one year high of $46.13. The business’s 50-day simple moving average is $42.71 and its 200 day simple moving average is $41.71. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 23.96 and a beta of 0.95.

Edgewell Personal Care (NYSE:EPC – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.35 by $0.21. The business had revenue of $598.40 million for the quarter, compared to analysts’ expectations of $569.84 million. Edgewell Personal Care had a return on equity of 8.93% and a net margin of 4.27%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, sell-side analysts predict that Edgewell Personal Care Co will post 2.45 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Wednesday, June 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, June 6th. Edgewell Personal Care’s dividend payout ratio is currently 33.15%.

Insider Activity

In other news, insider Eric F. O’toole sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $43.95, for a total transaction of $175,800.00. Following the completion of the transaction, the insider now directly owns 13,688 shares of the company’s stock, valued at $601,587.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.84% of the company’s stock.

About Edgewell Personal Care

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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.