Raymond James Financial Inc. Takes Position in Edgewell Personal Care Co (NYSE:EPC)

Raymond James Financial Inc. bought a new stake in Edgewell Personal Care Co (NYSE:EPC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 222,391 shares of the company’s stock, valued at approximately $7,473,000. Raymond James Financial Inc. owned about 0.46% of Edgewell Personal Care as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new position in Edgewell Personal Care in the 4th quarter valued at about $36,000. Wolverine Asset Management LLC increased its position in Edgewell Personal Care by 217.4% in the 4th quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock valued at $39,000 after acquiring an additional 800 shares during the period. KBC Group NV increased its position in Edgewell Personal Care by 56.5% in the 4th quarter. KBC Group NV now owns 2,279 shares of the company’s stock valued at $77,000 after acquiring an additional 823 shares during the period. TD Private Client Wealth LLC increased its position in Edgewell Personal Care by 33.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock valued at $101,000 after acquiring an additional 693 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in Edgewell Personal Care by 76.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,205 shares of the company’s stock valued at $116,000 after acquiring an additional 1,389 shares during the period. 91.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on EPC. Morgan Stanley dropped their target price on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 11th. Barclays dropped their target price on Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Wells Fargo & Company dropped their target price on Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. UBS Group decreased 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, Canaccord Genuity Group decreased their price target on Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.57.

Edgewell Personal Care Price Performance

EPC stock opened at $29.37 on Friday. Edgewell Personal Care Co has a 1 year low of $26.65 and a 1 year high of $41.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 2.06. The stock’s 50 day moving average price is $31.52 and its 200 day moving average price is $34.05. The firm has a market cap of $1.42 billion, a P/E ratio of 16.05 and a beta of 1.04.

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

Edgewell Personal Care Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Wednesday, March 5th. Edgewell Personal Care’s dividend payout ratio is presently 32.79%.

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.