Geode Capital Management LLC Decreases Stock Holdings in Edgewell Personal Care Company $EPC

Geode Capital Management LLC lowered its position in shares of Edgewell Personal Care Company (NYSE:EPC) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,112,284 shares of the company’s stock after selling 20,714 shares during the period. Geode Capital Management LLC owned about 2.37% of Edgewell Personal Care worth $26,042,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Edgewell Personal Care by 238.5% during the first quarter. PNC Financial Services Group Inc. now owns 975 shares of the company’s stock valued at $30,000 after acquiring an additional 687 shares during the last quarter. Cetera Investment Advisers raised its position in Edgewell Personal Care by 12.9% during the 1st quarter. Cetera Investment Advisers now owns 7,407 shares of the company’s stock valued at $231,000 after purchasing an additional 845 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Edgewell Personal Care by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,564 shares of the company’s stock worth $891,000 after buying an additional 931 shares during the period. Russell Investments Group Ltd. grew its position in shares of Edgewell Personal Care by 4.1% in the 1st quarter. Russell Investments Group Ltd. now owns 25,815 shares of the company’s stock worth $806,000 after buying an additional 1,019 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Edgewell Personal Care by 195.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,837 shares of the company’s stock worth $43,000 after buying an additional 1,215 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Edgewell Personal Care Trading Up 0.2%

Shares of NYSE EPC opened at $17.86 on Friday. Edgewell Personal Care Company has a 1 year low of $16.63 and a 1 year high of $38.44. 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 firm has a 50-day moving average of $19.21 and a 200 day moving average of $22.78. The stock has a market cap of $829.85 million, a P/E ratio of 13.23 and a beta of 0.81.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Thursday, November 13th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.14). Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The business had revenue of $537.20 million for the quarter, compared to the consensus estimate of $532.67 million. During the same period in the prior year, the business posted $0.72 EPS. Edgewell Personal Care’s revenue for the quarter was up 3.8% on a year-over-year basis. Edgewell Personal Care has set its FY 2026 guidance at 2.150-2.550 EPS. As a group, sell-side analysts expect that Edgewell Personal Care Company will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, December 4th. Edgewell Personal Care’s payout ratio is 115.38%.

Wall Street Analyst Weigh In

A number of analysts recently commented on EPC shares. Wells Fargo & Company dropped their price target on Edgewell Personal Care from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Edgewell Personal Care in a research report on Monday. UBS Group cut their target price on shares of 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 raised shares of Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Morgan Stanley lowered their price objective on shares of Edgewell Personal Care from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.17.

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.