Edgewell Personal Care Co (NYSE:EPC) Position Increased by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in shares of Edgewell Personal Care Co (NYSE:EPC) by 12.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,339 shares of the company’s stock after buying an additional 1,234 shares during the quarter. HighTower Advisors LLC’s holdings in Edgewell Personal Care were worth $421,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new position in shares of Edgewell Personal Care during the second quarter worth about $33,000. Prospera Private Wealth LLC bought a new position in Edgewell Personal Care in the 3rd quarter worth about $48,000. Acadian Asset Management LLC bought a new position in Edgewell Personal Care in the 2nd quarter worth about $53,000. Innealta Capital LLC acquired a new stake in shares of Edgewell Personal Care in the second quarter valued at approximately $76,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Edgewell Personal Care during the second quarter valued at approximately $84,000. 91.91% of the stock is currently owned by institutional investors.

Edgewell Personal Care Price Performance

Shares of Edgewell Personal Care stock opened at $34.12 on Friday. The firm has a market cap of $1.66 billion, a P/E ratio of 17.41 and a beta of 0.88. The firm’s 50-day simple moving average is $35.66 and its 200-day simple moving average is $37.45. Edgewell Personal Care Co has a twelve month low of $33.27 and a twelve month high of $41.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. The firm had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. During the same period in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, research analysts expect that Edgewell Personal Care Co will post 3.21 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a dividend yield of 1.76%. Edgewell Personal Care’s payout ratio is currently 30.61%.

Analyst Upgrades and Downgrades

EPC has been the topic of several research analyst reports. Truist Financial lowered 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. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Barclays dropped their target price on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.40.

Edgewell Personal Care Company 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.