JPMorgan Chase & Co. Purchases 39,059 Shares of Edgewell Personal Care Co (NYSE:EPC)

JPMorgan Chase & Co. boosted its position in shares of Edgewell Personal Care Co (NYSE:EPC) by 6.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 669,914 shares of the company’s stock after buying an additional 39,059 shares during the period. JPMorgan Chase & Co.’s holdings in Edgewell Personal Care were worth $24,345,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in shares of Edgewell Personal Care during the 2nd quarter worth approximately $33,000. Prospera Private Wealth LLC acquired a new position in Edgewell Personal Care during the third quarter valued at approximately $48,000. Acadian Asset Management LLC bought a new stake in Edgewell Personal Care during the second quarter worth $53,000. Canada Pension Plan Investment Board acquired a new stake in shares of Edgewell Personal Care in the 2nd quarter valued at $84,000. Finally, Blue Trust Inc. increased its stake in shares of Edgewell Personal Care by 14.0% in the 3rd quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock valued at $108,000 after purchasing an additional 332 shares during the last quarter. 91.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EPC shares. StockNews.com downgraded Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Wells Fargo & Company lowered their target price on Edgewell Personal Care from $42.00 to $37.00 and set an “overweight” rating for the company in a research note on Tuesday. Truist Financial reduced their price target on shares of 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 lowered their price objective on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Edgewell Personal Care has a consensus rating of “Moderate Buy” and an average price target of $41.20.

Edgewell Personal Care Trading Up 0.6 %

Shares of EPC stock opened at $32.25 on Thursday. The company has a market cap of $1.57 billion, a P/E ratio of 16.45 and a beta of 0.89. Edgewell Personal Care Co has a fifty-two week low of $31.43 and a fifty-two week high of $41.50. The stock has a 50 day simple moving average of $35.17 and a two-hundred day simple moving average of $36.92. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66.

Edgewell Personal Care (NYSE:EPC) last released 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 company had revenue of $517.60 million for the quarter, compared to the consensus estimate of $535.23 million. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. Edgewell Personal Care’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS. Research analysts forecast that Edgewell Personal Care Co will post 3.21 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 1.86%. Edgewell Personal Care’s payout ratio is 30.61%.

About Edgewell Personal Care

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.