Renaissance Technologies LLC cut its holdings in Edgewell Personal Care Company (NYSE:EPC – Free Report) by 76.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 50,900 shares of the company’s stock after selling 164,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Edgewell Personal Care were worth $1,086,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in EPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Edgewell Personal Care by 3.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,564 shares of the company’s stock worth $891,000 after buying an additional 931 shares in the last quarter. Woodline Partners LP acquired a new stake in Edgewell Personal Care in the 1st quarter valued at about $2,655,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Edgewell Personal Care by 16.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,127 shares of the company’s stock valued at $3,656,000 after acquiring an additional 16,285 shares in the last quarter. Jane Street Group LLC increased its position in Edgewell Personal Care by 80.6% in the 1st quarter. Jane Street Group LLC now owns 81,179 shares of the company’s stock valued at $2,534,000 after acquiring an additional 36,239 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Edgewell Personal Care in the second quarter worth about $214,000. 91.91% of the stock is owned by institutional investors.
Edgewell Personal Care Trading Down 0.3%
Shares of NYSE EPC opened at $28.38 on Friday. Edgewell Personal Care Company has a fifty-two week low of $15.73 and a fifty-two week high of $29.95. The firm has a market capitalization of $1.31 billion, a P/E ratio of -14.19 and a beta of 0.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.84 and a quick ratio of 1.12. The company’s 50 day simple moving average is $26.42 and its 200 day simple moving average is $22.61.
Edgewell Personal Care Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 9th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Edgewell Personal Care’s payout ratio is -30.00%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Wall Street Zen raised shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Canaccord Genuity Group upped their price objective on Edgewell Personal Care from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Barclays increased their price objective on Edgewell Personal Care from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Wells Fargo & Company lifted their target price on Edgewell Personal Care from $24.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Edgewell Personal Care in a research report on Wednesday, June 24th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.83.
Check Out Our Latest Analysis on Edgewell Personal Care
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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