Phocas Financial Corp. lowered its stake in Edgewell Personal Care Co (NYSE:EPC - Free Report) by 85.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,439 shares of the company's stock after selling 99,002 shares during the quarter. Phocas Financial Corp.'s holdings in Edgewell Personal Care were worth $586,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. Empowered Funds LLC acquired a new position in Edgewell Personal Care during the 3rd quarter worth about $6,128,000. Chartwell Investment Partners LLC increased its stake in 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 during the period. Intech Investment Management LLC acquired a new stake in shares of Edgewell Personal Care during the third quarter worth about $639,000. Barclays PLC grew its stake in shares of Edgewell Personal Care by 563.6% in the third quarter. Barclays PLC now owns 148,553 shares of the company's stock worth $5,400,000 after acquiring an additional 126,168 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Edgewell Personal Care by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 669,914 shares of the company's stock worth $24,345,000 after acquiring an additional 39,059 shares during the period. 91.91% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the company. Royal Bank of Canada decreased their target price on Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Barclays lowered their price objective on Edgewell Personal Care from $33.00 to $30.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Canaccord Genuity Group reduced their target price on shares of Edgewell Personal Care from $53.00 to $40.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Wells Fargo & Company decreased their price target 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. Finally, Morgan Stanley dropped their price objective on shares of 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. One investment 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $36.57.
Get Our Latest Analysis on EPC
Shares of Edgewell Personal Care stock opened at $31.97 on Wednesday. The company has a fifty day simple moving average of $32.42 and a 200-day simple moving average of $35.05. Edgewell Personal Care Co has a 12-month low of $26.65 and a 12-month high of $41.50. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 17.47 and a beta of 0.88.
Edgewell Personal Care (NYSE:EPC - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. On average, equities analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Wednesday, March 5th. Edgewell Personal Care's dividend payout ratio is currently 32.79%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Edgewell Personal Care, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Edgewell Personal Care wasn't on the list.
While Edgewell Personal Care currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.