Allspring Global Investments Holdings LLC increased its position in Edgewell Personal Care Co (NYSE:EPC – Free Report) by 49.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,247 shares of the company’s stock after acquiring an additional 740 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Edgewell Personal Care were worth $93,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EPC. State Board of Administration of Florida Retirement System grew its holdings in Edgewell Personal Care by 8.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,897 shares of the company’s stock valued at $886,000 after buying an additional 1,619 shares in the last quarter. Phocas Financial Corp. grew its holdings in Edgewell Personal Care by 32.2% during the 2nd quarter. Phocas Financial Corp. now owns 127,345 shares of the company’s stock valued at $5,261,000 after buying an additional 31,020 shares in the last quarter. Sei Investments Co. grew its holdings in Edgewell Personal Care by 0.9% during the 1st quarter. Sei Investments Co. now owns 383,398 shares of the company’s stock valued at $16,264,000 after buying an additional 3,337 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Edgewell Personal Care by 0.3% during the 1st quarter. William Blair Investment Management LLC now owns 657,226 shares of the company’s stock valued at $27,880,000 after buying an additional 1,841 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in Edgewell Personal Care during the 1st quarter valued at approximately $254,000. 91.91% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have issued reports on EPC. StockNews.com initiated coverage on shares of Edgewell Personal Care in a report on Thursday, October 5th. They set a “hold” rating for the company. Barclays lowered their target price on Edgewell Personal Care from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.57.
Edgewell Personal Care Stock Up 0.1 %
Shares of EPC opened at $35.74 on Thursday. The company has a market cap of $1.82 billion, a PE ratio of 15.88 and a beta of 0.94. The business has a fifty day moving average of $37.42 and a 200 day moving average of $40.22. Edgewell Personal Care Co has a 52-week low of $33.71 and a 52-week high of $46.13. The company has a quick ratio of 0.84, a current ratio of 1.71 and a debt-to-equity ratio of 0.85.
Edgewell Personal Care (NYSE:EPC – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.17. The company had revenue of $650.00 million during the quarter, compared to the consensus estimate of $642.45 million. Edgewell Personal Care had a return on equity of 9.15% and a net margin of 5.19%. Edgewell Personal Care’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. On average, sell-side analysts expect that Edgewell Personal Care Co will post 2.49 EPS for the current year.
Edgewell Personal Care Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Thursday, September 7th were given a $0.15 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.68%. Edgewell Personal Care’s dividend payout ratio is presently 26.67%.
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.
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