Connor Clark & Lunn Investment Management Ltd. Increases Stock Holdings in Edgewell Personal Care Co (NYSE:EPC)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) by 411.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,320 shares of the company's stock after acquiring an additional 69,435 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.18% of Edgewell Personal Care worth $3,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPC. Clearstead Trust LLC bought a new stake in Edgewell Personal Care during the 2nd quarter valued at approximately $33,000. Prospera Private Wealth LLC bought a new stake in shares of Edgewell Personal Care during the third quarter valued at approximately $48,000. Acadian Asset Management LLC purchased a new stake in Edgewell Personal Care in the second quarter worth $53,000. Innealta Capital LLC bought a new position in Edgewell Personal Care in the second quarter worth $76,000. Finally, Canada Pension Plan Investment Board purchased a new position in Edgewell Personal Care during the second quarter valued at $84,000. Hedge funds and other institutional investors own 91.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EPC shares. StockNews.com downgraded shares of Edgewell Personal Care from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. UBS Group cut their price objective on shares of Edgewell Personal Care from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. Truist Financial lowered their target price on shares of 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, Barclays cut their price target on Edgewell Personal Care from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.40.

Edgewell Personal Care Stock Up 2.2 %

Shares of NYSE EPC traded up $0.78 during midday trading on Monday, hitting $36.75. The stock had a trading volume of 549,681 shares, compared to its average volume of 396,762. The business's 50 day moving average is $35.41 and its 200-day moving average is $37.87. Edgewell Personal Care Co has a 52 week low of $33.27 and a 52 week high of $41.50. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.79 billion, a P/E ratio of 18.74 and a beta of 0.86.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. The business had revenue of $517.60 million for the quarter, compared to analysts' expectations of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The firm's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. As a group, analysts predict that Edgewell Personal Care Co will post 3.21 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.63%. Edgewell Personal Care's dividend payout ratio is presently 30.61%.

Edgewell Personal Care 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.