Amalgamated Bank Sells 500 Shares of Edgewell Personal Care Co (NYSE:EPC)

Amalgamated Bank lessened its holdings in Edgewell Personal Care Co (NYSE:EPC) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,651 shares of the company’s stock after selling 500 shares during the quarter. Amalgamated Bank’s holdings in Edgewell Personal Care were worth $532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clearstead Trust LLC acquired a new position in Edgewell Personal Care in the second quarter valued at approximately $33,000. Acadian Asset Management LLC bought a new stake in Edgewell Personal Care in the second quarter worth about $53,000. Innealta Capital LLC bought a new stake in Edgewell Personal Care in the 2nd quarter valued at about $76,000. Canada Pension Plan Investment Board purchased a new position in shares of Edgewell Personal Care in the second quarter valued at $84,000. Finally, Blue Trust Inc. grew its position in shares of Edgewell Personal Care by 32.5% during the 2nd quarter. Blue Trust Inc. now owns 2,365 shares of the company’s stock valued at $91,000 after purchasing an additional 580 shares in the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Price Performance

EPC stock opened at $34.73 on Friday. The company has a 50-day moving average price of $35.56 and a 200 day moving average price of $37.97. The stock has a market cap of $1.71 billion, a PE ratio of 17.72 and a beta of 0.86. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. Edgewell Personal Care Co has a 12 month low of $33.27 and a 12 month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The business had revenue of $517.60 million during the quarter, compared to analysts’ expectations of $535.23 million. During the same period in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities research analysts anticipate that Edgewell Personal Care Co will post 3.21 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.73%. Edgewell Personal Care’s payout ratio is 30.61%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays decreased their price objective on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. UBS Group reduced their price objective on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Truist Financial decreased their price objective on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, StockNews.com lowered Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.40.

About Edgewell Personal Care

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.