Aigen Investment Management LP Acquires Shares of 5,872 Edgewell Personal Care Co (NYSE:EPC)

Aigen Investment Management LP bought a new position in shares of Edgewell Personal Care Co (NYSE:EPC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,872 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors have also recently modified their holdings of EPC. Blue Trust Inc. lifted its holdings in Edgewell Personal Care by 14.0% in the third quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock valued at $108,000 after acquiring an additional 332 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of Edgewell Personal Care by 2.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,897 shares of the company’s stock valued at $886,000 after purchasing an additional 571 shares during the period. ProShare Advisors LLC boosted its holdings in Edgewell Personal Care by 6.1% during the first quarter. ProShare Advisors LLC now owns 10,051 shares of the company’s stock worth $388,000 after buying an additional 574 shares in the last quarter. Clearstead Trust LLC acquired a new position in Edgewell Personal Care during the second quarter worth about $33,000. Finally, Daiwa Securities Group Inc. increased its holdings in Edgewell Personal Care by 16.5% in the second quarter. Daiwa Securities Group Inc. now owns 7,060 shares of the company’s stock valued at $284,000 after buying an additional 1,000 shares in the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Edgewell Personal Care Stock Down 0.7 %

Shares of NYSE:EPC opened at $34.73 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.71 billion, a P/E ratio of 17.72 and a beta of 0.86. Edgewell Personal Care Co has a 52-week low of $33.27 and a 52-week high of $41.50. The stock’s fifty day simple moving average is $35.56 and its 200-day simple moving average is $37.97.

Edgewell Personal Care (NYSE:EPC) last released its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The company had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. As a group, equities research analysts forecast that Edgewell Personal Care Co will post 3.21 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 1.73%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Truist Financial lowered their price target on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Barclays lowered their target price on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. UBS Group cut their price target on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com cut shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

Edgewell Personal Care Company Profile

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.