State of New Jersey Common Pension Fund D increased its position in Edgewell Personal Care Co (NYSE:EPC – Get Rating) by 12.8% during the first quarter, according to the company in its latest filing with the Securities and Exchange Commission ( DRY) . The institutional investor held 71,714 shares of the company after purchasing an additional 8,127 shares during the period. New Jersey State Joint Pension Fund D owned about 0.13% of Edgewell Personal Care worth $2,630,000 at the end of the last quarter.
Several other institutional investors and hedge funds have also recently changed their holdings in the company. Mutual of America Capital Management LLC increased its position in Edgewell Personal Care by 4.9% in Q1. Mutual of America Capital Management LLC now owns 7,792 shares of the company worth $286,000 after buying 364 more shares last quarter. SG Americas Securities LLC acquired a new position in Edgewell Personal Care in Q1 worth approximately $391,000. Boyar Asset Management Inc. increased its position in Edgewell Personal Care by 4.1% during the first quarter. Boyar Asset Management Inc. now owns 9,400 shares of the company worth $345,000 after acquiring 373 additional shares in the last quarter. The New York State Teachers’ Retirement System increased its holdings of Edgewell Personal Care stock 1.8% in the first quarter. The New York State Teachers’ Retirement System now owns 89,036 shares of the company worth $3,265,000 after acquiring an additional 1,581 shares during the period. Finally, Miracle Mile Advisors LLC increased its position in Edgewell Personal Care shares by 3.7% in the first quarter. Miracle Mile Advisors LLC now owns 7,486 shares of the company valued at $275,000 after purchasing an additional 268 shares in the last quarter. 91.06% of the shares are held by institutional investors and hedge funds.
Changes to analyst ratings
Several research companies have weighed in on EPC. TheStreet upgraded Edgewell Personal Care from a ‘c+’ rating to a ‘b’ rating in a research report on Tuesday, May 10. Barclays reduced its price target on Edgewell Personal Care from $34.00 to $29.00 in a Thursday May 12 research report. Three analysts rated the stock with a hold rating and two gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.33.
Edgewell Personal Care Stock Performance
Edgewell Personal Care stock opened at $39.78 on Monday. The stock has a market capitalization of $2.10 billion, a PE ratio of 18.33 and a beta of 0.87. The company has a quick ratio of 0.99, a current ratio of 1.78 and a debt ratio of 0.93. Edgewell Personal Care Co has a 12 month minimum of $32.00 and a 12 month maximum of $51.86. The company’s 50-day moving average price is $35.71 and its two-hundred-day moving average price is $37.57.
Edgewell Personal Care (NYSE:EPC – Get Rating) last released quarterly earnings data on Tuesday, May 10. The company reported earnings per share (EPS) of $0.50 for the quarter, missing analyst consensus estimates of $0.55 per ($0.05). The company posted revenue of $547.70 million for the quarter, versus analyst estimates of $564.13 million. Edgewell Personal Care had a return on equity of 10.06% and a net margin of 5.61%. Edgewell Personal Care revenue for the quarter increased 5.5% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $0.70. As a group, analysts expect Edgewell Personal Care Co to post earnings per share of 2.48 for the current fiscal year.
Edgewell Personal Care Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 7. Investors of record on Thursday, June 2 received a dividend of $0.15 per share. The ex-dividend date was Wednesday, June 1. This represents an annualized dividend of $0.60 and a yield of 1.51%. Edgewell Personal Care’s dividend payout ratio is currently 27.65%.
About Edgewell Personal Care
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Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shaving, sun and skin care, feminine care and baby care categories. As of September 30, 2016, the Company had a portfolio of more than 25 brands. It operates its business in four segments: Wet Shave, Sun & Skin Care, Feminine Care and All Others.
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