Connor Clark & Lunn Investment Management Ltd. Sells 35,082 Shares of Edgewell Personal Care Co (NYSE:EPC)

Connor Clark & Lunn Investment Management Ltd. cut its position in Edgewell Personal Care Co (NYSE:EPC - Free Report) by 40.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,238 shares of the company's stock after selling 35,082 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.11% of Edgewell Personal Care worth $1,722,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EPC. Raymond James Financial Inc. bought a new position in shares of Edgewell Personal Care in the fourth quarter valued at $7,473,000. Barclays PLC lifted its holdings in 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 purchasing an additional 126,168 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Edgewell Personal Care by 12.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company's stock valued at $25,122,000 after purchasing an additional 85,467 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Edgewell Personal Care by 27.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 311,930 shares of the company's stock valued at $11,336,000 after purchasing an additional 66,960 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Edgewell Personal Care by 13.5% during the 4th quarter. Victory Capital Management Inc. now owns 477,803 shares of the company's stock valued at $16,054,000 after purchasing an additional 56,917 shares during the last quarter. 91.91% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EPC shares. Barclays cut 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 cut 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 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. Morgan Stanley cut their price target on Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating for the company in a report on Tuesday, February 11th. Finally, Wells Fargo & Company dropped their target price on Edgewell Personal Care from $37.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.57.

Edgewell Personal Care Stock Performance

Shares of EPC traded down $0.22 during midday trading on Friday, reaching $29.37. 1,100,995 shares of the stock were exchanged, compared to its average volume of 420,492. The company has a market cap of $1.42 billion, a P/E ratio of 16.05 and a beta of 1.04. The stock's 50 day simple moving average is $31.52 and its 200 day simple moving average is $34.05. Edgewell Personal Care Co has a twelve month low of $26.65 and a twelve month 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.

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

Edgewell Personal Care Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, March 5th. Edgewell Personal Care's dividend payout ratio (DPR) is presently 32.79%.

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.