Public Sector Pension Investment Board Sells 4,400 Shares of Edgewell Personal Care Co (NYSE:EPC)

Public Sector Pension Investment Board reduced its holdings in shares of Edgewell Personal Care Co (NYSE:EPC) by 4.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 104,625 shares of the company’s stock after selling 4,400 shares during the period. Public Sector Pension Investment Board’s holdings in Edgewell Personal Care were worth $3,802,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EPC. Clearstead Trust LLC bought a new position in Edgewell Personal Care in the second quarter valued at $33,000. Prospera Private Wealth LLC bought a new position in shares of Edgewell Personal Care in the 3rd quarter valued at about $48,000. Acadian Asset Management LLC acquired a new stake in shares of Edgewell Personal Care in the second quarter valued at about $53,000. Innealta Capital LLC bought a new stake in Edgewell Personal Care during the second quarter worth about $76,000. Finally, Canada Pension Plan Investment Board acquired a new position in Edgewell Personal Care during the second quarter valued at approximately $84,000. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Stock Performance

NYSE EPC opened at $37.76 on Tuesday. Edgewell Personal Care Co has a 52-week low of $33.27 and a 52-week high of $41.50. The stock has a market cap of $1.84 billion, a PE ratio of 19.27 and a beta of 0.86. The firm has a 50-day moving average of $35.46 and a 200-day moving average of $37.72. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The company had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Edgewell Personal Care Co will post 3.21 EPS for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.59%. Edgewell Personal Care’s payout ratio is presently 30.61%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Truist Financial dropped their price objective on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Barclays cut their price target on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. UBS Group dropped their target price on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $42.40.

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.