Atria Investments Inc Sells 1,390 Shares of Edgewell Personal Care Co (NYSE:EPC)

Atria Investments Inc trimmed its position in shares of Edgewell Personal Care Co (NYSE:EPC) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,659 shares of the company’s stock after selling 1,390 shares during the quarter. Atria Investments Inc’s holdings in Edgewell Personal Care were worth $714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Edgewell Personal Care by 2.9% during the third quarter. Principal Financial Group Inc. now owns 251,422 shares of the company’s stock worth $9,137,000 after acquiring an additional 7,018 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Edgewell Personal Care during the 3rd quarter valued at about $559,000. US Bancorp DE grew its position in shares of Edgewell Personal Care by 28.8% in the 3rd quarter. US Bancorp DE now owns 25,323 shares of the company’s stock valued at $920,000 after purchasing an additional 5,667 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Edgewell Personal Care by 63.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company’s stock worth $24,163,000 after purchasing an additional 259,200 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Edgewell Personal Care by 14.0% during the 3rd quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock worth $108,000 after buying an additional 332 shares during the period. Institutional investors and hedge funds own 91.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of 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. Barclays lowered their target price on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. StockNews.com downgraded Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Truist Financial decreased their price objective on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.40.

Edgewell Personal Care Price Performance

Shares of NYSE EPC opened at $34.91 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.81. The business has a 50-day moving average of $35.53 and a 200-day moving average of $37.95. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 17.81 and a beta of 0.86. Edgewell Personal Care Co has a fifty-two week low of $33.27 and a fifty-two week high of $41.50.

Edgewell Personal Care (NYSE:EPC) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $517.60 million during the quarter, compared to the consensus estimate of $535.23 million. During the same period last year, the company earned $0.72 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts predict that Edgewell Personal Care Co will post 3.21 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, December 3rd. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

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.