SG Americas Securities LLC lessened its holdings in Edgewell Personal Care Company (NYSE:EPC – Free Report) by 48.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,238 shares of the company’s stock after selling 84,264 shares during the quarter. SG Americas Securities LLC’s holdings in Edgewell Personal Care were worth $1,904,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP raised its holdings in shares of Edgewell Personal Care by 16.4% during the fourth quarter. Brandes Investment Partners LP now owns 6,119,499 shares of the company’s stock worth $104,337,000 after purchasing an additional 861,940 shares during the period. State Street Corp grew its position in shares of Edgewell Personal Care by 0.7% during the 4th quarter. State Street Corp now owns 1,741,485 shares of the company’s stock valued at $29,948,000 after buying an additional 12,719 shares during the last quarter. LSV Asset Management raised its stake in Edgewell Personal Care by 0.4% during the fourth quarter. LSV Asset Management now owns 1,343,498 shares of the company’s stock worth $22,907,000 after acquiring an additional 5,544 shares during the period. Norges Bank acquired a new stake in Edgewell Personal Care during the fourth quarter worth about $21,312,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Edgewell Personal Care by 12.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,030,555 shares of the company’s stock worth $17,571,000 after acquiring an additional 113,383 shares during the last quarter. Institutional investors own 91.91% of the company’s stock.
Edgewell Personal Care Stock Performance
Shares of NYSE EPC opened at $27.29 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a 50 day simple moving average of $21.29 and a 200-day simple moving average of $20.48. The company has a market cap of $1.26 billion, a PE ratio of -16.34 and a beta of 0.38. Edgewell Personal Care Company has a 12-month low of $15.73 and a 12-month high of $28.01.
Edgewell Personal Care Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. Edgewell Personal Care’s dividend payout ratio is presently -35.93%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Edgewell Personal Care in a research note on Wednesday, June 24th. Zacks Research upgraded Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Royal Bank Of Canada set a $26.00 price target on Edgewell Personal Care and gave the stock an “outperform” rating in a report on Thursday, April 9th. Wall Street Zen upgraded Edgewell Personal Care from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, UBS Group boosted their price objective on Edgewell Personal Care from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.50.
Check Out Our Latest Research Report on EPC
About Edgewell Personal Care
Edgewell Personal Care Inc, incorporated in 2015 and headquartered in Shelton, Connecticut, is a global consumer products company specializing in personal care, sun care, shaving and feminine care solutions. The company emerged as a spin-off from Energizer Holdings’ personal care division, listing its shares on the New York Stock Exchange under the ticker “EPC.” Edgewell’s portfolio comprises well-known brands that cater to everyday personal grooming and protection needs.
In the shaving segment, Edgewell markets razors and refill blades under brands such as Schick and Wilkinson Sword, targeting both men’s and women’s grooming categories.
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