Connor Clark & Lunn Investment Management Ltd. Reduces Stock Position in Edgewell Personal Care Co (NYSE:EPC)

Connor Clark & Lunn Investment Management Ltd. cut its position in Edgewell Personal Care Co (NYSE:EPC) by 40.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,238 shares of the company’s stock after selling 35,082 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Edgewell Personal Care were worth $1,722,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Edgewell Personal Care during the fourth quarter valued at $7,473,000. Barclays PLC raised its stake in shares of Edgewell Personal Care by 563.6% during the 3rd quarter. Barclays PLC now owns 148,553 shares of the company’s stock valued at $5,400,000 after buying an additional 126,168 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Edgewell Personal Care by 12.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company’s stock valued at $25,122,000 after buying an additional 85,467 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Edgewell Personal Care by 27.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 311,930 shares of the company’s stock valued at $11,336,000 after buying an additional 66,960 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Edgewell Personal Care by 13.5% in the fourth quarter. Victory Capital Management Inc. now owns 477,803 shares of the company’s stock worth $16,054,000 after buying an additional 56,917 shares during the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Edgewell Personal Care Stock Down 0.3 %

Shares of NYSE EPC opened at $30.09 on Thursday. Edgewell Personal Care Co has a 52-week low of $26.65 and a 52-week high of $41.50. 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 company’s 50-day simple moving average is $31.61 and its 200-day simple moving average is $34.19. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 16.44 and a beta of 1.04.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.07 earnings per share (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%. Equities analysts predict that Edgewell Personal Care Co will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid 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%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada decreased their price target on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Barclays lowered their price target on shares of Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. UBS Group cut their price objective on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Morgan Stanley lowered their target price on shares of 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, Canaccord Genuity Group cut their price target on Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.57.

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.