Edgewell Personal Care Co (NYSE:EPC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Edgewell Personal Care Co (NYSE:EPC) by 0.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,130,160 shares of the company’s stock after acquiring an additional 6,964 shares during the quarter. Geode Capital Management LLC owned 2.29% of Edgewell Personal Care worth $41,078,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearstead Trust LLC purchased a new stake in shares of Edgewell Personal Care during the second quarter worth about $33,000. Prospera Private Wealth LLC purchased a new stake in Edgewell Personal Care during the 3rd quarter worth approximately $48,000. Acadian Asset Management LLC acquired a new position in shares of Edgewell Personal Care during the second quarter valued at approximately $53,000. Innealta Capital LLC acquired a new stake in shares of Edgewell Personal Care in the second quarter worth approximately $76,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Edgewell Personal Care during the second quarter worth approximately $84,000. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Edgewell Personal Care Price Performance

Shares of EPC stock opened at $34.20 on Wednesday. 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 company has a market capitalization of $1.66 billion, a PE ratio of 17.45 and a beta of 0.88. The firm’s 50-day moving average is $35.61 and its two-hundred day moving average is $37.36. 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 released its quarterly earnings data on Thursday, November 7th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $517.60 million for the quarter, compared to analysts’ expectations of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. Analysts predict that Edgewell Personal Care Co will post 3.21 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 1.75%. Edgewell Personal Care’s dividend payout ratio (DPR) is currently 30.61%.

Analyst Upgrades and Downgrades

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