JPMorgan Chase & Co. grew its stake in shares of Edgewell Personal Care Co (NYSE:EPC – Free Report) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 669,914 shares of the company’s stock after purchasing an additional 39,059 shares during the quarter. JPMorgan Chase & Co. owned about 1.38% of Edgewell Personal Care worth $24,345,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in EPC. Clearstead Trust LLC bought a new position in shares of Edgewell Personal Care in the second quarter valued at $33,000. Prospera Private Wealth LLC acquired a new position in shares of Edgewell Personal Care during the 3rd quarter worth about $48,000. Acadian Asset Management LLC bought a new stake in shares of Edgewell Personal Care in the 2nd quarter valued at about $53,000. Canada Pension Plan Investment Board bought a new stake in shares of Edgewell Personal Care in the 2nd quarter valued at about $84,000. Finally, Blue Trust Inc. lifted its stake in Edgewell Personal Care by 14.0% in the 3rd quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock valued at $108,000 after purchasing an additional 332 shares during the last quarter. Institutional investors own 91.91% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on EPC. Wells Fargo & Company lowered their price target on Edgewell Personal Care from $42.00 to $37.00 and set an “overweight” rating on the stock in a research report on Tuesday. Barclays dropped their price target on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. StockNews.com cut shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Truist Financial dropped 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Edgewell Personal Care has a consensus rating of “Moderate Buy” and an average target price of $41.20.
Edgewell Personal Care Price Performance
Shares of NYSE EPC opened at $32.25 on Thursday. The business’s 50 day moving average is $35.17 and its 200-day moving average is $36.92. The firm has a market cap of $1.57 billion, a P/E ratio of 16.45 and a beta of 0.89. Edgewell Personal Care Co has a 1-year low of $31.43 and a 1-year high of $41.50. 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 (NYSE:EPC – Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $517.60 million for the quarter, compared to analysts’ expectations of $535.23 million. During the same quarter last year, the business earned $0.72 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities research analysts predict that Edgewell Personal Care Co will post 3.21 earnings per share for the current year.
Edgewell Personal Care Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.86%. Edgewell Personal Care’s dividend payout ratio 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.
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