State Street Corp reduced its stake in Edgewell Personal Care Co (NYSE:EPC - Free Report) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,915,673 shares of the company's stock after selling 21,817 shares during the quarter. State Street Corp owned 3.88% of Edgewell Personal Care worth $69,907,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in shares of Edgewell Personal Care in the second quarter worth $33,000. Prospera Private Wealth LLC acquired a new stake in Edgewell Personal Care in the 3rd quarter valued at $48,000. Acadian Asset Management LLC bought a new stake in Edgewell Personal Care during the 2nd quarter worth about $53,000. Innealta Capital LLC acquired a new position in shares of Edgewell Personal Care during the 2nd quarter worth about $76,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Edgewell Personal Care in the 2nd quarter valued at about $84,000. 91.91% of the stock is owned by institutional investors and hedge funds.
Edgewell Personal Care Stock Performance
EPC stock traded down $0.88 during midday trading on Wednesday, reaching $34.17. 477,324 shares of the company were exchanged, compared to its average volume of 400,455. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 17.43 and a beta of 0.88. The business has a 50-day moving average price of $35.67 and a two-hundred day moving average price of $37.53. Edgewell Personal Care Co has a one year low of $33.27 and a one year high of $41.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.81.
Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.05. The business had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. Edgewell Personal Care's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 EPS. Equities research analysts forecast that Edgewell Personal Care Co will post 3.21 EPS for the current year.
Edgewell Personal Care Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, December 3rd. Edgewell Personal Care's dividend payout ratio is 30.61%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on EPC shares. Truist Financial reduced their price target on Edgewell Personal Care from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. StockNews.com cut Edgewell Personal Care from a "buy" rating to a "hold" rating in a research note on Friday, September 20th. Finally, Barclays decreased 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 research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.
Check Out Our Latest Research Report on Edgewell Personal Care
Edgewell Personal Care Company 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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