Maverick Capital Ltd. purchased a new stake in Edgewell Personal Care Co (NYSE:EPC – Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 88,198 shares of the company’s stock, valued at approximately $3,741,000. Maverick Capital Ltd. owned about 0.17% of Edgewell Personal Care as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the stock. Advisor Group Holdings Inc. raised its holdings in shares of Edgewell Personal Care by 42.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,895 shares of the company’s stock worth $70,000 after acquiring an additional 563 shares in the last quarter. Citigroup Inc. grew its stake in shares of Edgewell Personal Care by 6.3% in the 1st quarter. Citigroup Inc. now owns 50,908 shares of the company’s stock worth $1,867,000 after buying an additional 3,004 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Edgewell Personal Care by 75.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,861 shares of the company’s stock worth $655,000 after buying an additional 7,673 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Edgewell Personal Care by 57.5% in the 1st quarter. MetLife Investment Management LLC now owns 29,956 shares of the company’s stock worth $1,098,000 after buying an additional 10,939 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Edgewell Personal Care by 0.7% in the 1st quarter. Rhumbline Advisers now owns 159,605 shares of the company’s stock worth $5,853,000 after buying an additional 1,141 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.
Analysts Set New Price Targets
EPC has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Edgewell Personal Care in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Barclays upped their price target on shares of Edgewell Personal Care from $36.00 to $37.00 and gave the company an “underweight” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.29.
Edgewell Personal Care Stock Down 0.2 %
EPC traded down $0.09 during trading on Monday, hitting $38.28. The stock had a trading volume of 75,499 shares, compared to its average volume of 396,642. The stock has a 50 day simple moving average of $38.85 and a two-hundred day simple moving average of $41.18. The company has a market capitalization of $1.95 billion, a PE ratio of 17.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 1.71. Edgewell Personal Care Co has a twelve month low of $36.17 and a twelve month high of $46.13.
Edgewell Personal Care (NYSE:EPC – Get Free Report) last released its earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.17. Edgewell Personal Care had a net margin of 5.19% and a return on equity of 9.15%. The company had revenue of $650.00 million during the quarter, compared to analysts’ expectations of $642.45 million. During the same period last year, the business earned $0.86 EPS. Edgewell Personal Care’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts predict that Edgewell Personal Care Co will post 2.49 earnings per share for the current year.
Edgewell Personal Care Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Thursday, September 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, September 6th. Edgewell Personal Care’s payout ratio is 26.67%.
Insiders Place Their Bets
In other Edgewell Personal Care news, insider John N. Hill sold 4,390 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $42.89, for a total value of $188,287.10. Following the sale, the insider now owns 72,725 shares in the company, valued at approximately $3,119,175.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.84% of the stock is owned by insiders.
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.
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