Bank of New York Mellon Corp Reduces Holdings in Edgewell Personal Care Co (NYSE:EPC)

Bank of New York Mellon Corp decreased its stake in Edgewell Personal Care Co (NYSE:EPC - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 573,546 shares of the company's stock after selling 55,777 shares during the period. Bank of New York Mellon Corp owned 1.18% of Edgewell Personal Care worth $19,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EPC. Empowered Funds LLC acquired a new stake in shares of Edgewell Personal Care in the third quarter valued at about $6,128,000. Barclays PLC increased its stake in shares of Edgewell Personal Care by 563.6% in 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 period. Allspring Global Investments Holdings LLC increased its stake in shares of Edgewell Personal Care by 12.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company's stock valued at $25,122,000 after buying an additional 85,467 shares during the period. Chartwell Investment Partners LLC increased its stake in shares of Edgewell Personal Care by 54.3% in the third quarter. Chartwell Investment Partners LLC now owns 211,056 shares of the company's stock valued at $7,670,000 after buying an additional 74,315 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Edgewell Personal Care by 411.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,320 shares of the company's stock valued at $3,137,000 after buying an additional 69,435 shares during the period. Institutional investors and hedge funds own 91.91% of the company's stock.

Remove Ads

Edgewell Personal Care Stock Performance

NYSE:EPC traded up $0.18 during trading hours on Friday, reaching $30.37. The stock had a trading volume of 316,481 shares, compared to its average volume of 417,021. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 2.06. The stock has a 50 day simple moving average of $31.78 and a 200 day simple moving average of $34.51. Edgewell Personal Care Co has a 12-month low of $26.65 and a 12-month high of $41.50. The stock has a market cap of $1.46 billion, a P/E ratio of 16.59 and a beta of 1.04.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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, research analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 5th. Edgewell Personal Care's payout ratio is 32.79%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank of Canada decreased their target price on 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. Morgan Stanley decreased their target price on Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating for the company in a research note on Tuesday, February 11th. Barclays reduced their price objective on Edgewell Personal Care from $33.00 to $30.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. UBS Group reduced their price objective on Edgewell Personal Care from $40.00 to $36.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company dropped their target price on Edgewell Personal Care from $37.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $36.57.

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.