US Bancorp DE Cuts Stock Holdings in Edgewell Personal Care Co (NYSE:EPC)

US Bancorp DE decreased its holdings in shares of Edgewell Personal Care Co (NYSE:EPC) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,893 shares of the company’s stock after selling 3,430 shares during the quarter. US Bancorp DE’s holdings in Edgewell Personal Care were worth $736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of EPC. Empowered Funds LLC purchased a new position in shares of Edgewell Personal Care during the third quarter worth about $6,128,000. Barclays PLC grew its holdings in shares of Edgewell Personal Care by 563.6% during the third quarter. Barclays PLC now owns 148,553 shares of the company’s stock worth $5,400,000 after purchasing an additional 126,168 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Edgewell Personal Care by 12.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company’s stock worth $25,122,000 after purchasing an additional 85,467 shares in the last quarter. Chartwell Investment Partners LLC grew its holdings in shares of Edgewell Personal Care by 54.3% during the third quarter. Chartwell Investment Partners LLC now owns 211,056 shares of the company’s stock worth $7,670,000 after purchasing an additional 74,315 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Edgewell Personal Care by 411.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,320 shares of the company’s stock worth $3,137,000 after buying an additional 69,435 shares during the last quarter. 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 $32.16 on Tuesday. Edgewell Personal Care Co has a twelve month low of $26.65 and a twelve month high of $41.50. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 17.57 and a beta of 1.04. The business’s fifty day moving average is $31.96 and its 200 day moving average is $34.68. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 0.96.

Edgewell Personal Care (NYSE:EPC) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. Research analysts expect that Edgewell Personal Care Co will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.87%. Edgewell Personal Care’s payout ratio is presently 32.79%.

Analysts Set New Price Targets

A number of analysts recently weighed in on EPC shares. Royal Bank of Canada dropped their target price on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Canaccord Genuity Group decreased their target price on Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Morgan Stanley decreased their target price on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. UBS Group reduced their price target on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays reduced their price target on Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.57.

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.