Federated Hermes Inc. Buys Shares of 49,665 Edgewell Personal Care Co (NYSE:EPC)

Federated Hermes Inc. bought a new stake in Edgewell Personal Care Co (NYSE:EPC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 49,665 shares of the company's stock, valued at approximately $1,669,000. Federated Hermes Inc. owned 0.10% of Edgewell Personal Care as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in EPC. HighTower Advisors LLC increased its holdings in shares of Edgewell Personal Care by 12.2% in the 3rd quarter. HighTower Advisors LLC now owns 11,339 shares of the company's stock worth $421,000 after acquiring an additional 1,234 shares during the period. Jane Street Group LLC increased its stake in shares of Edgewell Personal Care by 21.7% in the third quarter. Jane Street Group LLC now owns 102,001 shares of the company's stock valued at $3,707,000 after purchasing an additional 18,214 shares during the period. MML Investors Services LLC increased its stake in shares of Edgewell Personal Care by 72.6% in the third quarter. MML Investors Services LLC now owns 19,931 shares of the company's stock valued at $724,000 after purchasing an additional 8,384 shares during the period. Barclays PLC raised its holdings in shares of Edgewell Personal Care by 563.6% during the third quarter. Barclays PLC now owns 148,553 shares of the company's stock valued at $5,400,000 after buying an additional 126,168 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Edgewell Personal Care by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company's stock worth $41,078,000 after buying an additional 6,964 shares during the period. 91.91% of the stock is owned by institutional investors.

Edgewell Personal Care Price Performance

Shares of NYSE EPC traded up $0.78 during midday trading on Friday, reaching $30.00. The company's stock had a trading volume of 368,953 shares, compared to its average volume of 455,926. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 16.39 and a beta of 0.94. Edgewell Personal Care Co has a one year low of $26.65 and a one year high of $41.50. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average price of $30.25 and a 200 day moving average price of $33.00.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. On average, equities research analysts expect that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Wednesday, March 5th. Edgewell Personal Care's payout ratio is 32.79%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EPC. Barclays cut their target price on Edgewell Personal Care from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company cut their price objective on shares of Edgewell Personal Care from $37.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. StockNews.com lowered shares of Edgewell Personal Care from a "hold" rating to a "sell" rating in a research report on Thursday. Morgan Stanley lowered their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada reduced their price target on shares of Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $35.71.

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.