Exchange Traded Concepts LLC Increases Holdings in Edgewell Personal Care Company $EPC

Exchange Traded Concepts LLC grew its holdings in shares of Edgewell Personal Care Company (NYSE:EPC) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,678 shares of the company’s stock after purchasing an additional 2,501 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.13% of Edgewell Personal Care worth $1,420,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Edgewell Personal Care by 4,732.4% in the 1st quarter. GAMMA Investing LLC now owns 23,002 shares of the company’s stock worth $737,000 after acquiring an additional 22,526 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Edgewell Personal Care by 3.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,986 shares of the company’s stock worth $561,000 after acquiring an additional 517 shares during the last quarter. Blue Trust Inc. increased its holdings in Edgewell Personal Care by 35.3% in the 1st quarter. Blue Trust Inc. now owns 3,100 shares of the company’s stock worth $97,000 after acquiring an additional 809 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Edgewell Personal Care by 2.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,633 shares of the company’s stock worth $928,000 after acquiring an additional 702 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Edgewell Personal Care by 1.3% in the 1st quarter. Invesco Ltd. now owns 435,529 shares of the company’s stock worth $13,593,000 after acquiring an additional 5,401 shares during the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.

Edgewell Personal Care Price Performance

Shares of Edgewell Personal Care stock opened at $19.99 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.77 and a quick ratio of 0.91. The business’s 50 day simple moving average is $23.56 and its two-hundred day simple moving average is $26.40. The stock has a market capitalization of $928.74 million, a P/E ratio of 14.81 and a beta of 0.85. Edgewell Personal Care Company has a one year low of $19.13 and a one year high of $38.44.

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

Edgewell Personal Care Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Thursday, September 4th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 4th. Edgewell Personal Care’s payout ratio is 44.44%.

Wall Street Analyst Weigh In

EPC has been the subject of several recent research reports. Barclays decreased their price objective on Edgewell Personal Care from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. UBS Group decreased their price objective on Edgewell Personal Care from $28.00 to $21.00 and set a “neutral” rating for the company in a report 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, August 19th. Morgan Stanley upgraded Edgewell Personal Care from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $26.00 to $23.00 in a research note on Wednesday, August 6th. Finally, Canaccord Genuity Group cut their target price on Edgewell Personal Care from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $29.29.

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.