Edgewell Personal Care Co (NYSE:EPC) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its holdings in Edgewell Personal Care Co (NYSE:EPC) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 940,925 shares of the company’s stock after selling 31,000 shares during the quarter. Gabelli Funds LLC owned about 1.90% of Edgewell Personal Care worth $37,816,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EPC. Quadrant Capital Group LLC boosted its stake in Edgewell Personal Care by 82.2% during the fourth quarter. Quadrant Capital Group LLC now owns 698 shares of the company’s stock worth $26,000 after buying an additional 315 shares during the last quarter. Clearstead Trust LLC purchased a new position in shares of Edgewell Personal Care during the 2nd quarter worth $33,000. Northwest Investment Counselors LLC acquired a new position in shares of Edgewell Personal Care during the 1st quarter valued at about $35,000. TFO Wealth Partners LLC grew its holdings in shares of Edgewell Personal Care by 32,900.0% in the fourth quarter. TFO Wealth Partners LLC now owns 990 shares of the company’s stock valued at $36,000 after purchasing an additional 987 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Edgewell Personal Care during the second quarter worth about $53,000. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday. UBS Group decreased their price target on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Barclays cut their price objective on Edgewell Personal Care from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.80.

Edgewell Personal Care Stock Performance

Shares of EPC stock opened at $36.28 on Friday. The firm has a fifty day moving average price of $38.70 and a 200 day moving average price of $38.50. The company has a current ratio of 1.79, a quick ratio of 0.94 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.80 billion, a P/E ratio of 15.18 and a beta of 0.87. Edgewell Personal Care Co has a 12 month low of $33.71 and a 12 month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Tuesday, August 6th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.21. The business had revenue of $647.80 million for the quarter, compared to analysts’ expectations of $649.67 million. Edgewell Personal Care had a net margin of 5.26% and a return on equity of 9.92%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 EPS. Sell-side analysts predict that Edgewell Personal Care Co will post 3 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. Edgewell Personal Care’s dividend payout ratio (DPR) is 25.10%.

About Edgewell Personal Care

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.