Rhumbline Advisers Lowers Holdings in Edgewell Personal Care Company $EPC

Rhumbline Advisers lowered its holdings in Edgewell Personal Care Company (NYSE:EPC) by 3.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 144,095 shares of the company’s stock after selling 4,654 shares during the period. Rhumbline Advisers owned approximately 0.31% of Edgewell Personal Care worth $4,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its stake in shares of Edgewell Personal Care by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 17,986 shares of the company’s stock worth $561,000 after acquiring an additional 517 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Edgewell Personal Care by 24.1% in the first quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company’s stock valued at $110,000 after purchasing an additional 686 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Edgewell Personal Care by 238.5% in the first quarter. PNC Financial Services Group Inc. now owns 975 shares of the company’s stock valued at $30,000 after purchasing an additional 687 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Edgewell Personal Care by 2.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,633 shares of the company’s stock worth $928,000 after buying an additional 702 shares during the period. Finally, Central Pacific Bank Trust Division increased its position in shares of Edgewell Personal Care by 4.5% in the 1st quarter. Central Pacific Bank Trust Division now owns 17,450 shares of the company’s stock valued at $545,000 after purchasing an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EPC shares. Barclays decreased their target price on Edgewell Personal Care from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Morgan Stanley upgraded Edgewell Personal Care from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $26.00 to $23.00 in a research note on Wednesday, August 6th. UBS Group cut their target price on Edgewell Personal Care from $28.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Zacks Research lowered shares of Edgewell Personal Care from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. Finally, Canaccord Genuity Group lowered their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.29.

Edgewell Personal Care Stock Performance

NYSE:EPC opened at $21.71 on Monday. Edgewell Personal Care Company has a twelve month low of $19.13 and a twelve month high of $38.44. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 16.08 and a beta of 0.85. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.88. The firm’s fifty day simple moving average is $24.18 and its 200 day simple moving average is $26.84.

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

Edgewell Personal Care Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.8%. Edgewell Personal Care’s payout ratio is 44.44%.

About Edgewell Personal Care

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.