Maryland State Retirement & Pension System Sells 716 Shares of Edgewell Personal Care Co (NYSE:EPC)

Maryland State Retirement & Pension System lessened its stake in shares of Edgewell Personal Care Co (NYSE:EPC) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,277 shares of the company’s stock after selling 716 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Edgewell Personal Care were worth $694,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in Edgewell Personal Care by 82.2% during the 4th quarter. Quadrant Capital Group LLC now owns 698 shares of the company’s stock valued at $26,000 after purchasing an additional 315 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Edgewell Personal Care in the 1st quarter worth approximately $35,000. TFO Wealth Partners LLC lifted its position in shares of Edgewell Personal Care by 32,900.0% in the 4th quarter. TFO Wealth Partners LLC now owns 990 shares of the company’s stock worth $36,000 after acquiring an additional 987 shares during the period. Innealta Capital LLC bought a new stake in shares of Edgewell Personal Care in the 2nd quarter worth approximately $76,000. Finally, Blue Trust Inc. lifted its position in shares of Edgewell Personal Care by 32.5% in the 2nd quarter. Blue Trust Inc. now owns 2,365 shares of the company’s stock worth $91,000 after acquiring an additional 580 shares during the period. Institutional investors own 91.91% of the company’s stock.

Wall Street Analyst Weigh In

EPC has been the subject of a number of research reports. UBS Group reduced their price objective on 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. Canaccord Genuity Group increased their target price on Edgewell Personal Care from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Barclays dropped their target price on Edgewell Personal Care from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.80.

Edgewell Personal Care Trading Up 0.2 %

EPC stock opened at $40.22 on Monday. The business has a fifty day moving average price of $39.41 and a 200 day moving average price of $38.57. Edgewell Personal Care Co has a fifty-two week low of $33.71 and a fifty-two week high of $41.50. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 16.83 and a beta of 0.88. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 0.94.

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

Edgewell Personal Care Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 4th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.49%. Edgewell Personal Care’s dividend payout ratio 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.