Raymond James Financial Inc. Takes Position in Edgewell Personal Care Co (NYSE:EPC)

Raymond James Financial Inc. purchased a new stake in Edgewell Personal Care Co (NYSE:EPC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 222,391 shares of the company's stock, valued at approximately $7,473,000. Raymond James Financial Inc. owned 0.46% of Edgewell Personal Care at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP grew its holdings in shares of Edgewell Personal Care by 76.7% during the fourth quarter. Aigen Investment Management LP now owns 10,377 shares of the company's stock valued at $349,000 after buying an additional 4,505 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Edgewell Personal Care by 13.5% during the 4th quarter. Victory Capital Management Inc. now owns 477,803 shares of the company's stock worth $16,054,000 after purchasing an additional 56,917 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Edgewell Personal Care by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 817,042 shares of the company's stock worth $27,453,000 after purchasing an additional 38,353 shares during the last quarter. Bailard Inc. bought a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $437,000. Finally, Wolverine Asset Management LLC boosted 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 valued at $39,000 after buying an additional 800 shares during the last quarter. Institutional investors own 91.91% of the company's stock.

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Edgewell Personal Care Stock Performance

Shares of EPC traded up $0.41 during mid-day trading on Wednesday, hitting $29.74. The stock had a trading volume of 478,544 shares, compared to its average volume of 421,437. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.06 and a quick ratio of 0.97. The firm has a market cap of $1.43 billion, a P/E ratio of 16.25 and a beta of 1.04. Edgewell Personal Care Co has a 52 week low of $26.65 and a 52 week high of $41.50. The business has a fifty day moving average price of $31.41 and a 200-day moving average price of $33.87.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. On average, equities research analysts expect that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.60 dividend on an annualized basis and a yield of 2.02%. Edgewell Personal Care's payout ratio is 32.79%.

Analysts Set New Price Targets

EPC has been the topic of several recent analyst reports. Barclays dropped their price objective on Edgewell Personal Care from $33.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Royal Bank of Canada reduced their price objective on shares of Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Canaccord Genuity Group dropped their target price on shares of Edgewell Personal Care from $53.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company reduced their target price on Edgewell Personal Care from $37.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Finally, UBS Group dropped their price target on Edgewell Personal Care from $40.00 to $36.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. One investment 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.com, the company presently has an average 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.