Bank of New York Mellon Corp Sells 55,777 Shares of Edgewell Personal Care Co (NYSE:EPC)

Bank of New York Mellon Corp decreased its position in shares of Edgewell Personal Care Co (NYSE:EPC) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 573,546 shares of the company’s stock after selling 55,777 shares during the period. Bank of New York Mellon Corp owned about 1.18% of Edgewell Personal Care worth $19,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in EPC. Geode Capital Management LLC boosted its position in Edgewell Personal Care by 0.6% in the third quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company’s stock valued at $41,078,000 after buying an additional 6,964 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Edgewell Personal Care by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 778,689 shares of the company’s stock valued at $28,298,000 after buying an additional 22,209 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Edgewell Personal Care by 12.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company’s stock valued at $25,122,000 after buying an additional 85,467 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Edgewell Personal Care by 6.2% in the third quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company’s stock valued at $24,345,000 after buying an additional 39,059 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Edgewell Personal Care by 1.4% in the third quarter. Victory Capital Management Inc. now owns 420,886 shares of the company’s stock valued at $15,295,000 after buying an additional 5,893 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

Edgewell Personal Care Price Performance

Shares of NYSE:EPC opened at $32.16 on Tuesday. The company’s fifty day moving average price is $31.96 and its 200-day moving average price is $34.68. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 17.57 and a beta of 1.04. Edgewell Personal Care Co has a one year low of $26.65 and a one year high of $41.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.06 and a quick ratio of 0.97.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data 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, equities research analysts anticipate that Edgewell Personal Care Co will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

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

Analysts Set New Price Targets

EPC has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price on shares of Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. Morgan Stanley lowered their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their target price on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Canaccord Genuity Group lowered their target price on shares of Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, UBS Group lowered their target price on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus 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.