Geode Capital Management LLC Sells 18,772 Shares of Edgewell Personal Care Co (NYSE:EPC)

Geode Capital Management LLC lowered its stake in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,111,388 shares of the company's stock after selling 18,772 shares during the period. Geode Capital Management LLC owned 2.28% of Edgewell Personal Care worth $37,352,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EPC. Schroder Investment Management Group raised its position in Edgewell Personal Care by 3.2% during the fourth quarter. Schroder Investment Management Group now owns 26,067 shares of the company's stock worth $889,000 after acquiring an additional 800 shares in the last quarter. Norges Bank bought a new stake in shares of Edgewell Personal Care in the 4th quarter valued at about $4,684,000. Prudential Financial Inc. lifted its stake in Edgewell Personal Care by 30.6% in the 4th quarter. Prudential Financial Inc. now owns 243,774 shares of the company's stock valued at $8,191,000 after purchasing an additional 57,115 shares during the last quarter. Vanguard Group Inc. grew its holdings in Edgewell Personal Care by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 5,799,860 shares of the company's stock worth $194,875,000 after purchasing an additional 24,850 shares during the period. Finally, LPL Financial LLC increased its position in Edgewell Personal Care by 71.3% during the fourth quarter. LPL Financial LLC now owns 12,057 shares of the company's stock worth $405,000 after buying an additional 5,019 shares during the last quarter. Institutional investors and hedge funds own 91.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EPC shares. UBS Group raised their price objective on Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday. Canaccord Genuity Group reduced their price objective on shares of Edgewell Personal Care from $53.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Barclays dropped their price objective on shares of Edgewell Personal Care from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. StockNews.com cut shares of Edgewell Personal Care from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Wells Fargo & Company decreased their price target 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $35.71.

Edgewell Personal Care Stock Performance

NYSE:EPC traded up $0.78 during mid-day trading on Friday, reaching $30.00. 368,953 shares of the company's stock were exchanged, compared to its average volume of 456,721. Edgewell Personal Care Co has a one year low of $26.65 and a one year high of $41.50. 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 business's fifty day simple moving average is $30.25 and its two-hundred day simple moving average is $32.98. The firm has a market capitalization of $1.45 billion, a PE ratio of 16.39 and a beta of 0.94.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. Analysts anticipate that Edgewell Personal Care Co will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

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

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.