Norges Bank Acquires Shares of 139,414 Edgewell Personal Care Co (NYSE:EPC)

Norges Bank bought a new position in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 139,414 shares of the company's stock, valued at approximately $4,684,000. Norges Bank owned approximately 0.29% of Edgewell Personal Care at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EPC. Exchange Traded Concepts LLC lifted its position in shares of Edgewell Personal Care by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 19,633 shares of the company's stock worth $660,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. lifted its holdings in Edgewell Personal Care by 18.7% during the 4th quarter. Blue Trust Inc. now owns 3,200 shares of the company's stock worth $116,000 after buying an additional 503 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Edgewell Personal Care by 2.6% in the 4th quarter. Sanctuary Advisors LLC now owns 20,502 shares of the company's stock valued at $695,000 after buying an additional 529 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Edgewell Personal Care by 33.1% in the third quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company's stock worth $101,000 after acquiring an additional 693 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of Edgewell Personal Care by 217.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company's stock worth $39,000 after acquiring an additional 800 shares during the period. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

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Edgewell Personal Care Stock Performance

Shares of EPC 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 453,543. Edgewell Personal Care Co has a 12-month low of $26.65 and a 12-month 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 stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 16.28 and a beta of 0.94. The stock's fifty day simple moving average is $30.32 and its two-hundred day simple moving average is $33.21.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly 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%. On average, analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.60 annualized dividend and a dividend yield of 2.01%. Edgewell Personal Care's dividend payout ratio (DPR) is currently 32.79%.

Analysts Set New Price Targets

EPC has been the subject of a number of recent research reports. Canaccord Genuity Group decreased their target price on Edgewell Personal Care from $53.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Morgan Stanley decreased their price objective on Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating for the company in a research note on Tuesday, February 11th. Royal Bank of Canada cut their target price on shares of Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. StockNews.com upgraded shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Edgewell Personal Care from $37.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $36.29.

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.