William Blair Investment Management LLC Has $29.51 Million Holdings in Edgewell Personal Care Co (NYSE:EPC)

William Blair Investment Management LLC boosted its holdings in shares of Edgewell Personal Care Co (NYSE:EPC) by 40.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 878,390 shares of the company’s stock after acquiring an additional 253,014 shares during the quarter. William Blair Investment Management LLC owned 1.81% of Edgewell Personal Care worth $29,514,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Edgewell Personal Care by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 251,422 shares of the company’s stock valued at $9,137,000 after buying an additional 7,018 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Edgewell Personal Care by 1.4% during the 3rd quarter. Victory Capital Management Inc. now owns 420,886 shares of the company’s stock valued at $15,295,000 after buying an additional 5,893 shares during the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Edgewell Personal Care during the 3rd quarter valued at about $48,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Edgewell Personal Care during the 3rd quarter valued at about $1,843,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Edgewell Personal Care by 411.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,320 shares of the company’s stock valued at $3,137,000 after buying an additional 69,435 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EPC has been the subject of several research reports. Barclays reduced their price target on Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Canaccord Genuity Group reduced their price target on Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada cut their price objective on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley cut their price objective on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. Finally, UBS Group cut their price objective on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $36.57.

Edgewell Personal Care Stock Performance

Shares of NYSE EPC opened at $30.18 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $31.66 and its two-hundred day moving average is $34.22. The company has a market cap of $1.46 billion, a P/E ratio of 16.49 and a beta of 1.04. Edgewell Personal Care Co has a 12 month low of $26.65 and a 12 month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. On average, equities analysts expect that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, March 5th. Edgewell Personal Care’s dividend payout ratio is currently 32.79%.

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.