Segall Bryant & Hamill LLC lowered its stake in Edgewell Personal Care Co (NYSE:EPC) by 79.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,204 shares of the company’s stock after selling 76,364 shares during the period. Segall Bryant & Hamill LLC’s holdings in Edgewell Personal Care were worth $1,141,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Avestar Capital LLC acquired a new position in Edgewell Personal Care in the 4th quarter valued at about $103,000. Amundi Pioneer Asset Management Inc. acquired a new position in Edgewell Personal Care in the 4th quarter valued at about $120,000. Ford Financial Group Inc. acquired a new position in Edgewell Personal Care in the 4th quarter valued at about $133,000. Magnetar Financial LLC acquired a new position in Edgewell Personal Care in the 3rd quarter valued at about $208,000. Finally, Virginia Retirement Systems ET AL acquired a new position in Edgewell Personal Care in the 3rd quarter valued at about $211,000. Institutional investors and hedge funds own 96.86% of the company’s stock.
In other news, VP Anthony J. Bender purchased 1,450 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $50.02 per share, with a total value of $72,529.00. Following the acquisition, the vice president now owns 14,359 shares in the company, valued at approximately $718,237.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David P. Hatfield purchased 3,969 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $50.38 per share, with a total value of $199,958.22. Following the acquisition, the chief executive officer now owns 18,619 shares in the company, valued at approximately $938,025.22. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 10,021 shares of company stock valued at $511,551. 0.97% of the stock is currently owned by insiders.
Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.37). Edgewell Personal Care had a positive return on equity of 11.24% and a negative net margin of 0.92%. The firm had revenue of $468.30 million for the quarter, compared to the consensus estimate of $470.63 million. During the same period last year, the company posted $0.66 EPS. The business’s revenue was down 3.4% on a year-over-year basis. sell-side analysts expect that Edgewell Personal Care Co will post 3.83 earnings per share for the current year.
Edgewell Personal Care announced that its Board of Directors has authorized a share buyback program on Thursday, February 8th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
A number of research analysts recently commented on EPC shares. Zacks Investment Research lowered shares of Edgewell Personal Care from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada restated a “buy” rating and set a $72.00 target price on shares of Edgewell Personal Care in a research report on Friday, February 9th. Bank of America lowered shares of Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 4th. Morgan Stanley decreased their target price on shares of Edgewell Personal Care from $65.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Friday, February 9th. Finally, Barclays set a $47.00 target price on shares of Edgewell Personal Care and gave the stock a “sell” rating in a research report on Saturday, February 10th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Edgewell Personal Care currently has an average rating of “Hold” and a consensus target price of $67.91.
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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.
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