Segall Bryant & Hamill LLC purchased a new stake in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 50,725 shares of the company's stock, valued at approximately $1,843,000. Segall Bryant & Hamill LLC owned approximately 0.10% of Edgewell Personal Care at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of EPC. Russell Investments Group Ltd. grew its position in Edgewell Personal Care by 25.5% in the 1st quarter. Russell Investments Group Ltd. now owns 40,431 shares of the company's stock worth $1,562,000 after purchasing an additional 8,214 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Edgewell Personal Care by 2.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,897 shares of the company's stock worth $886,000 after purchasing an additional 571 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Edgewell Personal Care by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 5,833,364 shares of the company's stock valued at $225,401,000 after purchasing an additional 29,217 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Edgewell Personal Care by 11.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 83,832 shares of the company's stock valued at $3,237,000 after purchasing an additional 8,468 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Edgewell Personal Care in the 1st quarter worth approximately $116,000. 91.91% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have commented on EPC. Barclays reduced their target price on shares of Edgewell Personal Care from $37.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. StockNews.com cut Edgewell Personal Care from a "buy" rating to a "hold" rating in a report on Friday, September 20th. Truist Financial cut their price target on Edgewell Personal Care from $50.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Finally, UBS Group decreased their price objective on Edgewell Personal Care from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Edgewell Personal Care has an average rating of "Moderate Buy" and a consensus target price of $42.40.
Check Out Our Latest Analysis on EPC
Edgewell Personal Care Price Performance
Shares of Edgewell Personal Care stock traded up $0.96 during trading hours on Friday, hitting $35.97. The company's stock had a trading volume of 346,798 shares, compared to its average volume of 398,486. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66. Edgewell Personal Care Co has a 12-month low of $33.27 and a 12-month high of $41.50. The business has a 50 day moving average price of $35.41 and a two-hundred day moving average price of $37.87. The company has a market cap of $1.75 billion, a PE ratio of 18.35 and a beta of 0.86.
Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The business had revenue of $517.60 million during the quarter, compared to the consensus estimate of $535.23 million. During the same period in the prior year, the company posted $0.72 EPS. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year. Analysts expect that Edgewell Personal Care Co will post 3.21 earnings per share for the current fiscal year.
Edgewell Personal Care Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, December 3rd. Edgewell Personal Care's payout ratio is currently 30.61%.
Edgewell Personal Care Profile
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Free Report)
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.
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