Nicola Wealth Management LTD. grew its position in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) by 22.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,200 shares of the company's stock after purchasing an additional 20,000 shares during the period. Nicola Wealth Management LTD. owned approximately 0.22% of Edgewell Personal Care worth $4,005,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in EPC. Allspring Global Investments Holdings LLC raised its stake in Edgewell Personal Care by 63.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company's stock valued at $24,163,000 after purchasing an additional 259,200 shares in the last quarter. Brandes Investment Partners LP raised its position in shares of Edgewell Personal Care by 19.7% during the 2nd quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company's stock valued at $61,545,000 after buying an additional 252,235 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Edgewell Personal Care by 16.6% in the 2nd quarter. LSV Asset Management now owns 1,071,354 shares of the company's stock valued at $43,058,000 after acquiring an additional 152,200 shares during the last quarter. Kestrel Investment Management Corp purchased a new position in Edgewell Personal Care in the second quarter worth about $4,855,000. Finally, Bank of New York Mellon Corp increased its stake in Edgewell Personal Care by 17.7% during the second quarter. Bank of New York Mellon Corp now owns 673,602 shares of the company's stock worth $27,072,000 after acquiring an additional 101,533 shares during the last quarter. 91.91% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
EPC has been the subject of several analyst reports. Truist Financial lowered their price objective 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. StockNews.com lowered shares of Edgewell Personal Care from a "buy" rating to a "hold" rating in a research note on Friday, September 20th. Barclays reduced their target price on shares of Edgewell Personal Care from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, UBS Group dropped their price target on shares of Edgewell Personal Care from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.40.
Check Out Our Latest Stock Analysis on Edgewell Personal Care
Edgewell Personal Care Trading Up 0.9 %
Edgewell Personal Care stock traded up $0.30 during mid-day trading on Thursday, hitting $34.98. The company's stock had a trading volume of 301,319 shares, compared to its average volume of 397,129. The company has a 50 day moving average of $35.63 and a 200-day moving average of $37.98. 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 has a market cap of $1.72 billion, a PE ratio of 17.85 and a beta of 0.86. Edgewell Personal Care Co has a one year low of $33.27 and a one year high of $41.50.
Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. The company had revenue of $517.60 million for the quarter, compared to analysts' expectations of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. Edgewell Personal Care's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. On average, research analysts anticipate that Edgewell Personal Care Co will post 3.21 EPS for the current year.
Edgewell Personal Care Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.72%. Edgewell Personal Care's dividend payout ratio is currently 30.61%.
About Edgewell Personal Care
(
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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