Fmr LLC Boosts Position in Edgewell Personal Care Co (NYSE:EPC)

Fmr LLC lifted its holdings in shares of Edgewell Personal Care Co (NYSE:EPC) by 5.4% in the third quarter, HoldingsChannel.com reports. The firm owned 188,006 shares of the company’s stock after acquiring an additional 9,664 shares during the quarter. Fmr LLC’s holdings in Edgewell Personal Care were worth $6,832,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EPC. Clearstead Trust LLC acquired a new stake in shares of Edgewell Personal Care in the second quarter valued at $33,000. Prospera Private Wealth LLC purchased a new position in Edgewell Personal Care during the 3rd quarter worth approximately $48,000. Acadian Asset Management LLC purchased a new stake in Edgewell Personal Care in the 2nd quarter valued at $53,000. Innealta Capital LLC acquired a new stake in Edgewell Personal Care during the 2nd quarter worth approximately $76,000. Finally, Canada Pension Plan Investment Board acquired a new position in Edgewell Personal Care in the 2nd quarter valued at $84,000. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Edgewell Personal Care Price Performance

EPC opened at $35.46 on Friday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 18.09 and a beta of 0.88. Edgewell Personal Care Co has a twelve month low of $33.27 and a twelve month high of $41.50. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $35.59 and a 200 day simple moving average of $37.58.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 EPS. Equities research analysts expect that Edgewell Personal Care Co will post 3.21 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, January 8th. Investors of record on Tuesday, December 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EPC. StockNews.com cut shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Truist Financial reduced their price target on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Barclays decreased their price target on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

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.