Edgewell Personal Care Co (NYSE:EPC) Stake Boosted by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in Edgewell Personal Care Co (NYSE:EPC - Free Report) by 30.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,774 shares of the company's stock after purchasing an additional 57,115 shares during the quarter. Prudential Financial Inc. owned approximately 0.50% of Edgewell Personal Care worth $8,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Intech Investment Management LLC acquired a new position in Edgewell Personal Care during the third quarter worth approximately $639,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Edgewell Personal Care by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 778,689 shares of the company's stock worth $28,298,000 after buying an additional 22,209 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Edgewell Personal Care in the 3rd quarter worth $337,000. FMR LLC boosted its holdings in Edgewell Personal Care by 5.4% in the third quarter. FMR LLC now owns 188,006 shares of the company's stock valued at $6,832,000 after acquiring an additional 9,664 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Edgewell Personal Care by 145.7% during the third quarter. BNP Paribas Financial Markets now owns 24,938 shares of the company's stock valued at $906,000 after acquiring an additional 14,787 shares during the period. Institutional investors and hedge funds own 91.91% of the company's stock.

Remove Ads

Edgewell Personal Care Stock Down 3.9 %

Shares of NYSE:EPC traded down $1.24 during trading on Thursday, hitting $30.46. The company's stock had a trading volume of 505,448 shares, compared to its average volume of 444,960. Edgewell Personal Care Co has a fifty-two week low of $26.65 and a fifty-two week high of $41.50. The stock's 50-day moving average price is $31.03 and its two-hundred day moving average price is $33.63. 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 company has a market capitalization of $1.47 billion, a PE ratio of 16.65 and a beta of 0.94.

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 net margin of 4.09% and a return on equity of 9.29%. As a group, sell-side analysts expect that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.97%. Edgewell Personal Care's payout ratio is 32.79%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EPC. Royal Bank of Canada decreased their target price on Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Canaccord Genuity Group decreased their price objective on shares of Edgewell Personal Care from $53.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company cut their target price on shares of Edgewell Personal Care from $37.00 to $35.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley decreased their price target 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 lowered Edgewell Personal Care from a "hold" rating to a "sell" rating in a research report on Saturday, March 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Edgewell Personal Care has a consensus rating of "Hold" and an average price target of $36.57.

Edgewell Personal Care Company 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.