Commerce Bank Has $5.21 Million Position in Edgewell Personal Care Co (NYSE:EPC)

Commerce Bank trimmed its position in Edgewell Personal Care Co (NYSE:EPC - Free Report) by 30.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,273 shares of the company's stock after selling 62,582 shares during the period. Commerce Bank owned approximately 0.29% of Edgewell Personal Care worth $5,207,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new stake in shares of Edgewell Personal Care during the third quarter worth $1,843,000. Prospera Private Wealth LLC bought a new position in shares of Edgewell Personal Care during the third quarter worth about $48,000. Empowered Funds LLC acquired a new stake in Edgewell Personal Care in the 3rd quarter valued at approximately $6,128,000. Cornercap Investment Counsel Inc. bought a new stake in Edgewell Personal Care in the 3rd quarter valued at approximately $451,000. Finally, Nicola Wealth Management LTD. boosted its position in Edgewell Personal Care by 22.2% during the 3rd quarter. Nicola Wealth Management LTD. now owns 110,200 shares of the company's stock worth $4,005,000 after acquiring an additional 20,000 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Stock Performance

Edgewell Personal Care stock traded up $0.85 during midday trading on Friday, reaching $35.86. 109,300 shares of the company's stock were exchanged, compared to its average volume of 395,043. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66. The stock's 50-day simple moving average is $35.46 and its 200 day simple moving average is $37.90. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 17.93 and a beta of 0.86. Edgewell Personal Care Co has a 52 week low of $33.27 and a 52 week high of $41.50.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.72 EPS 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 company had revenue of $517.60 million during the quarter, compared to the consensus estimate of $535.23 million. During the same period in the previous 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. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 1.67%. Edgewell Personal Care's dividend payout ratio (DPR) is presently 30.61%.

Analysts Set New Price Targets

EPC has been the topic of a number of research reports. Barclays cut their price objective on shares of Edgewell Personal Care from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. StockNews.com downgraded Edgewell Personal Care from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. Truist Financial decreased their price target on Edgewell Personal Care from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Finally, UBS Group cut their price objective on Edgewell Personal Care from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $42.40.

About Edgewell Personal Care

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.