Cubist Systematic Strategies LLC Increases Stock Holdings in Edgewell Personal Care Co (NYSE:EPC)

Cubist Systematic Strategies LLC lifted its position in Edgewell Personal Care Co (NYSE:EPC) by 384.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 55,471 shares of the company’s stock after purchasing an additional 44,031 shares during the period. Cubist Systematic Strategies LLC’s holdings in Edgewell Personal Care were worth $2,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearstead Trust LLC purchased a new stake in shares of Edgewell Personal Care in the second quarter worth about $33,000. Northwest Investment Counselors LLC purchased a new stake in Edgewell Personal Care in the first quarter valued at approximately $35,000. TFO Wealth Partners LLC raised its stake in Edgewell Personal Care by 32,900.0% in the fourth quarter. TFO Wealth Partners LLC now owns 990 shares of the company’s stock valued at $36,000 after purchasing an additional 987 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Edgewell Personal Care in the second quarter valued at approximately $53,000. Finally, Innealta Capital LLC purchased a new stake in Edgewell Personal Care in the second quarter valued at approximately $76,000. 91.91% of the stock is owned by hedge funds and other institutional investors.

Edgewell Personal Care Stock Up 0.5 %

Shares of NYSE EPC opened at $36.48 on Monday. Edgewell Personal Care Co has a one year low of $33.71 and a one year high of $41.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 0.94. The firm’s 50 day simple moving average is $38.28 and its two-hundred day simple moving average is $38.44. The stock has a market capitalization of $1.81 billion, a P/E ratio of 15.26 and a beta of 0.87.

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

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Wednesday, September 4th. Edgewell Personal Care’s dividend payout ratio is 25.10%.

Wall Street Analysts Forecast Growth

EPC has been the topic of a number of recent analyst reports. Barclays lowered their target price on shares of Edgewell Personal Care from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. StockNews.com downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, UBS Group lowered their target price on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.80.

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.