Corebridge Financial Inc. Sells 2,373 Shares of Edgewell Personal Care Co (NYSE:EPC)

Corebridge Financial Inc. lessened its stake in shares of Edgewell Personal Care Co (NYSE:EPC) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,872 shares of the company’s stock after selling 2,373 shares during the quarter. Corebridge Financial Inc. owned approximately 0.05% of Edgewell Personal Care worth $869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Edgewell Personal Care by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,799,860 shares of the company’s stock valued at $194,875,000 after acquiring an additional 24,850 shares during the last quarter. American Century Companies Inc. increased its position in shares of Edgewell Personal Care by 2.0% during the fourth quarter. American Century Companies Inc. now owns 3,222,739 shares of the company’s stock worth $108,284,000 after purchasing an additional 64,257 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in shares of Edgewell Personal Care by 21.1% during the 4th quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company’s stock valued at $68,600,000 after purchasing an additional 355,224 shares during the last quarter. Geode Capital Management LLC grew its stake in Edgewell Personal Care by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company’s stock worth $41,078,000 after buying an additional 6,964 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in Edgewell Personal Care by 40.5% during the 4th quarter. William Blair Investment Management LLC now owns 878,390 shares of the company’s stock worth $29,514,000 after buying an additional 253,014 shares during the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EPC has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Canaccord Genuity Group cut their price target on shares of Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. UBS Group decreased their price target on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Morgan Stanley dropped their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Tuesday, February 11th. Finally, StockNews.com lowered Edgewell Personal Care from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.57.

Edgewell Personal Care Stock Performance

Shares of EPC stock opened at $29.65 on Friday. Edgewell Personal Care Co has a 52-week low of $26.65 and a 52-week high of $41.50. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 0.96. The stock has a market cap of $1.43 billion, a PE ratio of 16.20 and a beta of 0.94. The business has a 50-day simple moving average of $30.95 and a 200-day simple moving average of $33.56.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Monday, February 10th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. On average, equities analysts expect that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.60 annualized dividend and a yield of 2.02%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 32.79%.

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.