Edgewell Personal Care Co (NYSE:EPC) Shares Sold by Boyar Asset Management Inc.

Boyar Asset Management Inc. decreased its stake in shares of Edgewell Personal Care Co (NYSE:EPC) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,183 shares of the company’s stock after selling 410 shares during the period. Boyar Asset Management Inc.’s holdings in Edgewell Personal Care were worth $329,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Lighthouse Investment Partners LLC acquired a new stake in Edgewell Personal Care during the fourth quarter worth about $2,762,000. Victory Capital Management Inc. increased its holdings in Edgewell Personal Care by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 432,041 shares of the company’s stock valued at $15,826,000 after purchasing an additional 19,718 shares in the last quarter. Sei Investments Co. raised its position in Edgewell Personal Care by 4.0% in the first quarter. Sei Investments Co. now owns 397,040 shares of the company’s stock valued at $15,342,000 after purchasing an additional 15,131 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Edgewell Personal Care by 91.5% during the first quarter. BNP Paribas Financial Markets now owns 27,175 shares of the company’s stock worth $1,050,000 after purchasing an additional 12,988 shares in the last quarter. Finally, Nicola Wealth Management LTD. boosted its position in shares of Edgewell Personal Care by 36.9% in the fourth quarter. Nicola Wealth Management LTD. now owns 74,200 shares of the company’s stock worth $2,718,000 after buying an additional 20,000 shares during the period. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Barclays cut their target price on Edgewell Personal Care from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Finally, UBS Group reduced their price objective 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.80.

Edgewell Personal Care Price Performance

EPC opened at $38.12 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average price is $39.33 and its 200 day moving average price is $38.61. Edgewell Personal Care Co has a fifty-two week low of $33.71 and a fifty-two week high of $41.50. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 15.95 and a beta of 0.88.

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

Edgewell Personal Care Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 4th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.57%. Edgewell Personal Care’s dividend payout ratio is presently 25.10%.

Edgewell Personal Care 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.