PNC Financial Services Group Inc. Increases Stock Holdings in Edgewell Personal Care Company $EPC

PNC Financial Services Group Inc. increased its holdings in shares of Edgewell Personal Care Company (NYSE:EPC) by 238.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 975 shares of the company’s stock after buying an additional 687 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Edgewell Personal Care were worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Edgewell Personal Care by 35.3% during the 1st quarter. Blue Trust Inc. now owns 3,100 shares of the company’s stock worth $97,000 after buying an additional 809 shares during the last quarter. TD Private Client Wealth LLC grew its stake in Edgewell Personal Care by 24.1% during the 1st quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company’s stock worth $110,000 after buying an additional 686 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Edgewell Personal Care by 166.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,362 shares of the company’s stock worth $147,000 after buying an additional 2,725 shares during the last quarter. Cetera Investment Advisers grew its stake in Edgewell Personal Care by 12.9% during the 1st quarter. Cetera Investment Advisers now owns 7,407 shares of the company’s stock worth $231,000 after buying an additional 845 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new position in Edgewell Personal Care during the 4th quarter worth $351,000. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on EPC. UBS Group dropped their target price on Edgewell Personal Care from $28.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 6th. Zacks Research downgraded Edgewell Personal Care from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Barclays lowered their price target on Edgewell Personal Care from $26.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 6th. Wall Street Zen raised Edgewell Personal Care from a “sell” rating to a “hold” rating in a research report on Saturday, May 17th. Finally, Canaccord Genuity Group lowered their price target on Edgewell Personal Care from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.29.

Edgewell Personal Care Stock Performance

Shares of EPC stock opened at $23.9220 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 17.72 and a beta of 0.81. The business has a 50-day simple moving average of $24.35 and a 200-day simple moving average of $27.65. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.88. Edgewell Personal Care Company has a 52-week low of $19.13 and a 52-week high of $40.71.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.09). The company had revenue of $627.20 million during the quarter, compared to analyst estimates of $658.51 million. Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $1.22 EPS. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. On average, equities analysts expect that Edgewell Personal Care Company will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Thursday, September 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 4th. Edgewell Personal Care’s payout ratio is 44.44%.

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.