Wakefield Asset Management LLLP Makes New $944,000 Investment in Edgewell Personal Care Co (NYSE:EPC)

Wakefield Asset Management LLLP bought a new position in shares of Edgewell Personal Care Co (NYSE:EPC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,484 shares of the company’s stock, valued at approximately $944,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings 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 acquiring an additional 315 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Edgewell Personal Care during the 1st quarter worth $35,000. TFO Wealth Partners LLC raised its stake in shares of Edgewell Personal Care by 32,900.0% during the 4th quarter. TFO Wealth Partners LLC now owns 990 shares of the company’s stock worth $36,000 after purchasing an additional 987 shares during the period. Innealta Capital LLC purchased a new position in shares of Edgewell Personal Care in the 2nd quarter worth about $76,000. Finally, Blue Trust Inc. grew its position in Edgewell Personal Care by 32.5% during the second quarter. Blue Trust Inc. now owns 2,365 shares of the company’s stock valued at $91,000 after buying an additional 580 shares during the period. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Analyst Ratings Changes

EPC has been the topic of several research reports. UBS Group lowered their price objective on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. StockNews.com downgraded Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Finally, Barclays decreased their target price on Edgewell Personal Care from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Edgewell Personal Care currently 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 $38.12 on Friday. 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 stock has a market capitalization of $1.89 billion, a P/E ratio of 15.95 and a beta of 0.88. Edgewell Personal Care Co has a 12 month low of $33.71 and a 12 month high of $41.50. The firm’s 50 day moving average is $39.33 and its 200 day moving average is $38.61.

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

Edgewell Personal Care Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 4th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 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.