JPMorgan Chase & Co. lowered its holdings in Edgewell Personal Care Co (NYSE:EPC - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 566,400 shares of the company's stock after selling 103,514 shares during the quarter. JPMorgan Chase & Co. owned about 1.16% of Edgewell Personal Care worth $19,031,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Brandes Investment Partners LP raised its holdings in Edgewell Personal Care by 21.1% during the fourth quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company's stock worth $68,600,000 after purchasing an additional 355,224 shares in the last quarter. William Blair Investment Management LLC raised its stake in Edgewell Personal Care by 40.5% during the 4th quarter. William Blair Investment Management LLC now owns 878,390 shares of the company's stock worth $29,514,000 after acquiring an additional 253,014 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Edgewell Personal Care in the fourth quarter valued at $7,473,000. Barclays PLC boosted its stake in Edgewell Personal Care by 563.6% in the third quarter. Barclays PLC now owns 148,553 shares of the company's stock valued at $5,400,000 after acquiring an additional 126,168 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in shares of Edgewell Personal Care during the fourth quarter worth about $3,866,000. Institutional investors and hedge funds own 91.91% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on EPC. Royal Bank of Canada decreased their target price on shares of Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. UBS Group reduced their price objective on Edgewell Personal Care from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Canaccord Genuity Group lowered their price objective on shares of Edgewell Personal Care from $53.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley cut their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating for the company in a research report on Tuesday, February 11th. Finally, StockNews.com upgraded shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $36.29.
View Our Latest Stock Analysis on EPC
Edgewell Personal Care Trading Up 1.4 %
Shares of Edgewell Personal Care stock traded up $0.41 during mid-day trading on Friday, hitting $29.80. 348,920 shares of the stock were exchanged, compared to its average volume of 453,971. The company has a 50-day simple moving average of $30.32 and a 200 day simple moving average of $33.19. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 16.28 and a beta of 0.94. Edgewell Personal Care Co has a twelve month low of $26.65 and a twelve month high of $41.50.
Edgewell Personal Care (NYSE:EPC - Get Free Report) last released 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%. Research analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current year.
Edgewell Personal Care Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, March 5th. Edgewell Personal Care's dividend payout ratio (DPR) is 32.79%.
Edgewell Personal Care Company Profile
(
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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