Principal Financial Group Inc. Has $9.14 Million Stake in Edgewell Personal Care Co (NYSE:EPC)

Principal Financial Group Inc. boosted its stake in Edgewell Personal Care Co (NYSE:EPC) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,422 shares of the company’s stock after buying an additional 7,018 shares during the quarter. Principal Financial Group Inc. owned approximately 0.51% of Edgewell Personal Care worth $9,137,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in Edgewell Personal Care by 63.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company’s stock valued at $24,163,000 after purchasing an additional 259,200 shares during the last quarter. Brandes Investment Partners LP raised its position in Edgewell Personal Care by 19.7% in the 2nd quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company’s stock valued at $61,545,000 after purchasing an additional 252,235 shares during the last quarter. LSV Asset Management raised its position in Edgewell Personal Care by 16.6% in the 2nd quarter. LSV Asset Management now owns 1,071,354 shares of the company’s stock valued at $43,058,000 after purchasing an additional 152,200 shares during the last quarter. Kestrel Investment Management Corp bought a new position in Edgewell Personal Care in the 2nd quarter valued at $4,855,000. Finally, Bank of New York Mellon Corp raised its position in Edgewell Personal Care by 17.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 673,602 shares of the company’s stock valued at $27,072,000 after purchasing an additional 101,533 shares during the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

Edgewell Personal Care Trading Up 0.5 %

Shares of NYSE:EPC opened at $34.91 on Tuesday. The company has a market capitalization of $1.72 billion, a P/E ratio of 17.81 and a beta of 0.86. Edgewell Personal Care Co has a 1 year low of $33.27 and a 1 year high of $41.50. 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’s 50 day simple moving average is $35.53 and its 200 day simple moving average is $37.95.

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, 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 for the quarter, compared to the consensus estimate of $535.23 million. During the same quarter last year, the business posted $0.72 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts anticipate that Edgewell Personal Care Co will post 3.21 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

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

Wall Street Analyst Weigh In

EPC has been the subject of a number of recent research reports. Barclays dropped their target price on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. UBS Group dropped their target price 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. StockNews.com downgraded Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Truist Financial dropped their target price on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.40.

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.