Bank of Montreal Can Trims Stock Holdings in Edgewell Personal Care Co (NYSE:EPC)

Bank of Montreal Can lessened its stake in shares of Edgewell Personal Care Co (NYSE:EPC) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,994 shares of the company’s stock after selling 715 shares during the quarter. Bank of Montreal Can’s holdings in Edgewell Personal Care were worth $407,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EPC. Wellington Management Group LLP lifted its stake in Edgewell Personal Care by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 168,022 shares of the company’s stock worth $6,155,000 after acquiring an additional 23,330 shares in the last quarter. SageView Advisory Group LLC purchased a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $339,000. Vanguard Group Inc. boosted its stake in shares of Edgewell Personal Care by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 5,804,147 shares of the company’s stock valued at $212,606,000 after purchasing an additional 21,915 shares during the period. Confluence Investment Management LLC acquired a new position in shares of Edgewell Personal Care in the first quarter valued at approximately $3,609,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Edgewell Personal Care during the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Edgewell Personal Care Stock Performance

Shares of EPC opened at $34.11 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. Edgewell Personal Care Co has a 52-week low of $33.27 and a 52-week high of $41.50. The stock has a 50 day moving average price of $37.37 and a 200 day moving average price of $38.26. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 14.27 and a beta of 0.86.

Edgewell Personal Care (NYSE:EPC) last posted its earnings results on Tuesday, August 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.21. The business had revenue of $647.80 million during the quarter, compared to the consensus estimate of $649.67 million. Edgewell Personal Care had a return on equity of 9.92% and a net margin of 5.26%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. Research analysts predict that Edgewell Personal Care Co will post 3 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 4th were paid a $0.15 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.76%. Edgewell Personal Care’s dividend payout ratio is presently 25.10%.

Wall Street Analysts Forecast Growth

EPC has been the subject of several analyst reports. StockNews.com cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Barclays lowered their price objective on Edgewell Personal Care from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Finally, UBS Group reduced their target price on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Edgewell Personal Care has an average rating of “Hold” and an average price target of $41.80.

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.