Edgewell Personal Care Co (NYSE:EPC) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in Edgewell Personal Care Co (NYSE:EPC) by 63.9% in the 3rd quarter, Holdings Channel reports. The firm owned 664,902 shares of the company’s stock after purchasing an additional 259,200 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Edgewell Personal Care were worth $24,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Edgewell Personal Care by 0.5% in the first quarter. Vanguard Group Inc. now owns 5,833,364 shares of the company’s stock valued at $225,401,000 after purchasing an additional 29,217 shares during the period. Dimensional Fund Advisors LP increased its holdings in Edgewell Personal Care by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company’s stock valued at $145,524,000 after acquiring an additional 24,513 shares in the last quarter. Brandes Investment Partners LP increased its holdings in Edgewell Personal Care by 19.7% during the 2nd quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company’s stock valued at $61,545,000 after acquiring an additional 252,235 shares in the last quarter. LSV Asset Management increased its holdings in Edgewell Personal Care by 16.6% during the 2nd quarter. LSV Asset Management now owns 1,071,354 shares of the company’s stock valued at $43,058,000 after acquiring an additional 152,200 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Edgewell Personal Care by 17.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 673,602 shares of the company’s stock valued at $27,072,000 after acquiring an additional 101,533 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

Edgewell Personal Care Stock Performance

Shares of NYSE EPC opened at $34.57 on Thursday. The company has a market cap of $1.71 billion, a PE ratio of 14.46 and a beta of 0.86. Edgewell Personal Care Co has a 12 month low of $33.27 and a 12 month high of $41.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 0.94. The company has a 50-day simple moving average of $36.97 and a 200-day simple moving average of $38.12.

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

Edgewell Personal Care Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 4th were given a $0.15 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.74%. Edgewell Personal Care’s dividend payout ratio is presently 25.10%.

Analyst Ratings Changes

EPC has been the subject of several recent research reports. Barclays dropped their target price on shares of Edgewell Personal Care from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, October 11th. StockNews.com downgraded shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. UBS Group dropped their target price on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Truist Financial dropped their target price on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Edgewell Personal Care has an average rating of “Hold” and a consensus price target of $41.00.

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.