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

Arizona State Retirement System cut its position in shares of Edgewell Personal Care Co (NYSE:EPC) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,495 shares of the company’s stock after selling 347 shares during the period. Arizona State Retirement System’s holdings in Edgewell Personal Care were worth $494,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Edgewell Personal Care by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 6,216,241 shares of the company’s stock worth $227,950,000 after purchasing an additional 153,278 shares during the period. Moneta Group Investment Advisors LLC purchased a new stake in Edgewell Personal Care in the 4th quarter valued at about $215,269,000. American Century Companies Inc. boosted its position in Edgewell Personal Care by 9.7% in the 3rd quarter. American Century Companies Inc. now owns 2,960,134 shares of the company’s stock valued at $109,407,000 after buying an additional 262,499 shares during the period. Dimensional Fund Advisors LP boosted its position in Edgewell Personal Care by 3.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,725,388 shares of the company’s stock valued at $99,940,000 after buying an additional 93,562 shares during the period. Finally, State Street Corp boosted its position in Edgewell Personal Care by 0.5% in the 2nd quarter. State Street Corp now owns 2,040,406 shares of the company’s stock valued at $70,739,000 after buying an additional 11,102 shares during the period. 91.91% of the stock is owned by hedge funds and other institutional investors.

Edgewell Personal Care Price Performance

Edgewell Personal Care stock opened at $36.65 on Friday. Edgewell Personal Care Co has a 1 year low of $33.71 and a 1 year high of $46.13. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.15 and a quick ratio of 1.03. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 17.97 and a beta of 0.94. The firm has a 50-day moving average of $37.57 and a two-hundred day moving average of $36.55.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.18. The company had revenue of $488.90 million for the quarter, compared to analyst estimates of $481.41 million. Edgewell Personal Care had a net margin of 4.66% and a return on equity of 8.38%. Edgewell Personal Care’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. On average, research analysts forecast that Edgewell Personal Care Co will post 2.8 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.64%. Edgewell Personal Care’s dividend payout ratio is currently 29.41%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays lowered their price objective on shares of Edgewell Personal Care from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company boosted their price objective on shares of Edgewell Personal Care from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th.

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.