Commonwealth Equity Services LLC Takes $685,000 Position in Edgewell Personal Care Co (NYSE:EPC)

Commonwealth Equity Services LLC purchased a new stake in Edgewell Personal Care Co (NYSE:EPCFree Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,733 shares of the company’s stock, valued at approximately $685,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EPC. Wellington Management Group LLP grew its position in Edgewell Personal Care by 22.9% during the third quarter. Wellington Management Group LLP now owns 144,692 shares of the company’s stock worth $5,348,000 after buying an additional 26,913 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Edgewell Personal Care by 274.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 50,085 shares of the company’s stock valued at $1,835,000 after purchasing an additional 36,723 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $2,762,000. Victory Capital Management Inc. raised its stake in shares of Edgewell Personal Care by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 432,041 shares of the company’s stock valued at $15,826,000 after acquiring an additional 19,718 shares during the last quarter. Finally, Nicola Wealth Management LTD. raised its stake in shares of Edgewell Personal Care by 36.9% in the fourth quarter. Nicola Wealth Management LTD. now owns 74,200 shares of the company’s stock valued at $2,718,000 after acquiring an additional 20,000 shares during the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.

Edgewell Personal Care Price Performance

Shares of EPC stock opened at $39.52 on Thursday. Edgewell Personal Care Co has a 12-month low of $33.71 and a 12-month high of $42.15. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 16.54 and a beta of 0.88. The company has a quick ratio of 0.92, a current ratio of 1.84 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average of $39.28 and a 200-day moving average of $38.08.

Edgewell Personal Care (NYSE:EPCGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.14. Edgewell Personal Care had a net margin of 5.40% and a return on equity of 9.29%. The company had revenue of $599.40 million during the quarter, compared to analyst estimates of $606.74 million. During the same quarter in the previous year, the business earned $0.56 EPS. The firm’s revenue was up .2% on a year-over-year basis. On average, equities research analysts forecast that Edgewell Personal Care Co will post 2.92 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Thursday, June 6th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.60 annualized dividend and a yield of 1.52%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 25.10%.

Wall Street Analyst Weigh In

EPC has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Edgewell Personal Care from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. StockNews.com raised shares of Edgewell Personal Care from a “hold” rating to a “buy” rating in a report on Saturday, June 29th. Finally, Canaccord Genuity Group lifted their target price on shares of Edgewell Personal Care from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.25.

Check Out Our Latest Report on EPC

Edgewell Personal Care Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Edgewell Personal Care (NYSE:EPC)

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