Empowered Funds LLC Acquires New Stake in Edgewell Personal Care Co (NYSE:EPC)

Empowered Funds LLC bought a new stake in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 168,625 shares of the company's stock, valued at approximately $6,128,000. Empowered Funds LLC owned 0.34% of Edgewell Personal Care as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in shares of Edgewell Personal Care during the second quarter valued at approximately $33,000. Acadian Asset Management LLC bought a new stake in shares of Edgewell Personal Care during the second quarter valued at approximately $53,000. Innealta Capital LLC bought a new stake in shares of Edgewell Personal Care during the second quarter valued at approximately $76,000. Canada Pension Plan Investment Board bought a new stake in shares of Edgewell Personal Care during the second quarter valued at approximately $84,000. Finally, Blue Trust Inc. boosted its position in shares of Edgewell Personal Care by 32.5% during the second quarter. Blue Trust Inc. now owns 2,365 shares of the company's stock valued at $91,000 after purchasing an additional 580 shares in the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Truist Financial dropped their price target on Edgewell Personal Care from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. UBS Group dropped their price target on Edgewell Personal Care from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. StockNews.com lowered Edgewell Personal Care from a "buy" rating to a "hold" rating in a research report on Friday, September 20th. Finally, Barclays dropped their target price on Edgewell Personal Care from $37.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Three 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Edgewell Personal Care Stock Down 0.7 %

Edgewell Personal Care stock traded down $0.24 during mid-day trading on Friday, hitting $34.73. The company had a trading volume of 419,614 shares, compared to its average volume of 392,674. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The stock's 50 day moving average price is $35.56 and its two-hundred day moving average price is $37.97. Edgewell Personal Care Co has a 12 month low of $33.27 and a 12 month high of $41.50. The company has a market capitalization of $1.71 billion, a PE ratio of 17.72 and a beta of 0.86.

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

Edgewell Personal Care Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 3rd. Edgewell Personal Care's payout ratio is currently 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.