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Edgewell Personal Care Co (NYSE:EPC) short interest falls by 6.9%.

Edgewell Personal Care Co (NYSE:EPC) short interest falls by 6.9%.

The number of short positions in Edgewell Personal Care Co (NYSE: EPC) decreased significantly during December. Since November 30, when there were 2,880,000 shares available for a short sale, there were 2,680,000 shares available for a short sale as of December 15. This represents a 6.9% decrease in shares available for a short sale. It is possible to derive the current days-to-cover ratio of 6.5 days based on the average daily trading volume of 413,700 shares. This ratio can be found in the table below. On the market for short sales, 5.3% of the company’s shares are currently being offered for sale.
Additionally, on November 29, company insider John N. Hill sold 1,250 shares of the company’s stock. This was reported in other news regarding Edgewell Personal Care. The deal was finalized on the same day it was discussed. The price received for each share was an average of $41.61, and the total amount received from the stock sale was $52,012.5. Following the completion of the transaction, the business insider is now the owner of 74,986 shares of the company’s stock, which have an estimated value of $3,120,167.46. After clicking on this link, you will be taken to the SEC filing, where the transaction was described in greater detail. 1.84 company insiders own a percent of the total shares currently outstanding.
In recent weeks, various analysts from the relevant industry have expressed their thoughts on the company. On Wednesday, October 12, a research note focusing on Edgewell Personal Care debuted on StockNews.com. This note was the first of its kind to cover the company. They recommended that shareholders “hold” their shares of the company. Wells Fargo & Company raised their price target for Edgewell Personal Care to $44.00 in a research report that was made public on November 16. Wednesday was the day that the report was distributed. Barclays upgraded Edgewell Personal Care from an “underweight” rating to a “neutral” rating. They increased their price target on the stock from $31.00 to $35.00 in a research report published on Monday, November 14. The report was titled “Edgewell Personal Care Research Update.” In a research note disseminated on Tuesday, October 25, by Goldman Sachs Group, the rating of “buy” that had been previously assigned to Edgewell Personal Care was changed to a ” neutral rating.” In addition, the company announced that it would be cutting the price target it had set for the stock from $47.00 down to $42.00. Finally, Canaccord Genuity Group published a research note on November 17, announcing they would start covering shares of Edgewell Personal Care. The announcement was made in the research note. They suggested investing in the company’s stock and setting a price objective of $48.00 per share for its purchase price. The information that can be found on Bloomberg.com indicates that the stock of Edgewell Personal Care currently carries an average rating of “Hold” and that the price target for the stock is set at $40.80. There are currently two research analysts with a sell rating for the stock, two research analysts with a hold rating, and three research analysts with a buy rating for the stock.
Recent months have seen several institutional investors, including hedge funds and other types of investment funds, adjust the overall number of shares held in their portfolios. Banco Santander S.A. established a new holding at Edgewell Personal Care through an investment of $85,050,000 made during the third quarter. In addition, Credit Agricole S.A. made a brand new investment of approximately $56,619,000 in Edgewell Personal Care during the third quarter. During the second quarter, FMR LLC achieved a 70.2% increase in the proportion of Edgewell Personal Care stock it owned. FMR LLC now directly owns a total of 802,371 shares of the company’s stock, having acquired an additional 331,059 during the most recent fiscal quarter to bring the total number of shares owned by the company to a total of 802,371. These shares have a value of $27,698,000 collectively. In addition, dimensional Fund Advisors L.P. increased the amount of Edgewell Personal Care stock that it held by 11.0 percentage points during the third quarter. Following the acquisition of an additional 316,507 shares of the company’s stock during the time frame in question, Dimensional Fund Advisors L.P. now holds a total of 3,197,951 shares of that stock. The current value of the company’s stock is 119,602,000 dollars. And finally, the value of Millennium Management LLC’s holdings in Edgewell Personal Care increased by 2,778.1% during the second quarter of the year. There are currently 286.117 shares that Millennium Management LLC directly owns. These shares have a value of $9.877 million. This is a direct consequence of the successful completion of the acquisitions made during the period in question. The vast majority of the company’s stock is owned by institutional investors and hedge funds, accounting for 94.46% of the total.
When Edgewell Personal Care stock began trading on Wednesday, one share of the company’s stock was priced at $38.45 per share. A debt-to-equity ratio comes in at 0.95; a quick ratio comes in at 0.90; a current ratio comes in at 1.72; and a quick ratio comes in at 1.72. During the past year, the price of Edgewell Personal Care has ranged from as low as $32.00 to as high as $51.86. The average price for this product during the past year was $51.86. The company’s moving average over the previous 200 days is $38.98, while the moving average over the previous 50 days is $40.08. The company’s price-to-earnings ratio is 20.90, and its beta value is equal to 0.94. The company has a market capitalization of $1.98 billion at present.
The company also declared a quarterly dividend, which is anticipated to be paid out on January 4 of this year. On November 29, shareholders of record will be eligible to receive a dividend payment of $0.15 per share. This payment will be made. This equates to a dividend yield of 1.56% and an annual dividend payment of $0.60 for shareholders in the company. On Monday, November 28, you will be responsible for paying the dividend. As a result, the dividend payout ratio, or DPR, for Edgewell Personal Care is 32.61%. This ratio is also known as the DPR.

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