American Century Companies Inc. Increases Holdings in Edgewell Personal Care Co (EPC)

American Century Companies Inc. boosted its stake in Edgewell Personal Care Co (NYSE:EPC) by 50.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 436,871 shares of the company’s stock after acquiring an additional 146,776 shares during the period. American Century Companies Inc. owned 0.79% of Edgewell Personal Care worth $25,946,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Caxton Associates LP bought a new stake in Edgewell Personal Care in the third quarter worth about $1,819,000. Sei Investments Co. raised its position in Edgewell Personal Care by 9.6% in the third quarter. Sei Investments Co. now owns 20,464 shares of the company’s stock worth $1,489,000 after acquiring an additional 1,785 shares during the period. Cubist Systematic Strategies LLC raised its position in Edgewell Personal Care by 110.8% in the third quarter. Cubist Systematic Strategies LLC now owns 43,629 shares of the company’s stock worth $3,175,000 after acquiring an additional 22,936 shares during the period. Jane Street Group LLC raised its position in Edgewell Personal Care by 146.0% in the third quarter. Jane Street Group LLC now owns 6,896 shares of the company’s stock worth $502,000 after acquiring an additional 21,896 shares during the period. Finally, State of Wisconsin Investment Board raised its position in Edgewell Personal Care by 8.8% in the third quarter. State of Wisconsin Investment Board now owns 79,561 shares of the company’s stock worth $5,790,000 after acquiring an additional 6,442 shares during the period. 93.07% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on EPC shares. Bank of America lowered shares of Edgewell Personal Care from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 4th. Zacks Investment Research lowered shares of Edgewell Personal Care from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 14th. Wells Fargo & Co started coverage on shares of Edgewell Personal Care in a research report on Tuesday, December 19th. They issued a “market perform” rating on the stock. KeyCorp reissued a “hold” rating on shares of Edgewell Personal Care in a research report on Friday, November 24th. Finally, Jefferies Group reissued a “hold” rating and issued a $78.00 price target on shares of Edgewell Personal Care in a research report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Edgewell Personal Care presently has a consensus rating of “Hold” and an average price target of $68.67.

In other news, CEO David P. Hatfield acquired 3,969 shares of Edgewell Personal Care stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average price of $50.38 per share, with a total value of $199,958.22. Following the completion of the purchase, the chief executive officer now owns 18,619 shares in the company, valued at $938,025.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Anthony J. Bender acquired 1,450 shares of Edgewell Personal Care stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average cost of $50.02 per share, with a total value of $72,529.00. Following the purchase, the vice president now owns 14,359 shares of the company’s stock, valued at approximately $718,237.18. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 6,419 shares of company stock valued at $323,077. 0.97% of the stock is owned by corporate insiders.

Shares of Edgewell Personal Care Co (NYSE EPC) opened at $54.48 on Thursday. The stock has a market cap of $2,708.52, a P/E ratio of 14.25, a PEG ratio of 3.66 and a beta of 0.74. Edgewell Personal Care Co has a 12-month low of $46.83 and a 12-month high of $82.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.65 and a quick ratio of 1.87.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.37). The firm had revenue of $468.30 million for the quarter, compared to analysts’ expectations of $470.63 million. Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. Edgewell Personal Care’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. sell-side analysts expect that Edgewell Personal Care Co will post 3.83 EPS for the current year.

Edgewell Personal Care declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 8th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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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.

Institutional Ownership by Quarter for Edgewell Personal Care (NYSE:EPC)

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