Ensign Peak Advisors Inc cut its position in Edgewell Personal Care Co (NYSE:EPC – Get Rating) by 11.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,138 shares of the company’s stock after selling 2,710 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Edgewell Personal Care were worth $791,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Edgewell Personal Care by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 6,216,241 shares of the company’s stock valued at $227,950,000 after purchasing an additional 153,278 shares during the period. Dimensional Fund Advisors LP lifted its position in Edgewell Personal Care by 11.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,197,951 shares of the company’s stock worth $119,602,000 after acquiring an additional 316,507 shares during the period. Banco Santander S.A. acquired a new stake in Edgewell Personal Care during the 3rd quarter worth approximately $85,050,000. State Street Corp lifted its position in Edgewell Personal Care by 0.5% during the 2nd quarter. State Street Corp now owns 2,040,406 shares of the company’s stock worth $70,739,000 after acquiring an additional 11,102 shares during the period. Finally, Credit Agricole S A acquired a new stake in Edgewell Personal Care during the 3rd quarter worth approximately $56,619,000. 94.46% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
EPC has been the subject of a number of recent research reports. Barclays increased their price objective on Edgewell Personal Care from $37.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, February 10th. Canaccord Genuity Group initiated coverage on Edgewell Personal Care in a research report on Wednesday, November 16th. They set a “buy” rating for the company. Wells Fargo & Company increased their price objective on Edgewell Personal Care to $44.00 in a research report on Wednesday, November 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Edgewell Personal Care in a research report on Thursday, February 9th. Finally, Canaccord Genuity Group increased their target price on Edgewell Personal Care from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.00.
Edgewell Personal Care Stock Performance
Edgewell Personal Care (NYSE:EPC – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.10. Edgewell Personal Care had a return on equity of 8.78% and a net margin of 4.56%. The firm had revenue of $469.10 million during the quarter, compared to the consensus estimate of $467.90 million. During the same period last year, the business posted $0.42 EPS. Edgewell Personal Care’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Edgewell Personal Care Co will post 2.41 EPS for the current year.
Edgewell Personal Care Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Investors of record on Wednesday, March 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, March 7th. Edgewell Personal Care’s payout ratio is currently 32.09%.
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.
- Get a free copy of the StockNews.com research report on Edgewell Personal Care (EPC)
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