Geode Capital Management LLC Increases Position in Edgewell Personal Care Co (NYSE:EPC)

Geode Capital Management LLC grew its position in shares of Edgewell Personal Care Co (NYSE:EPC) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 1,130,160 shares of the company’s stock after acquiring an additional 6,964 shares during the quarter. Geode Capital Management LLC’s holdings in Edgewell Personal Care were worth $41,078,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC lifted its stake in Edgewell Personal Care by 563.6% during the 3rd 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. MML Investors Services LLC lifted its position in shares of Edgewell Personal Care by 72.6% during the third quarter. MML Investors Services LLC now owns 19,931 shares of the company’s stock worth $724,000 after purchasing an additional 8,384 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Edgewell Personal Care by 18.1% in the third quarter. XTX Topco Ltd now owns 16,731 shares of the company’s stock valued at $608,000 after purchasing an additional 2,569 shares during the period. Zacks Investment Management grew its holdings in shares of Edgewell Personal Care by 37.4% in the third quarter. Zacks Investment Management now owns 39,585 shares of the company’s stock valued at $1,439,000 after purchasing an additional 10,784 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in Edgewell Personal Care by 21.7% during the 3rd quarter. Jane Street Group LLC now owns 102,001 shares of the company’s stock worth $3,707,000 after buying an additional 18,214 shares during the period. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EPC has been the subject of several recent research reports. Barclays decreased their price target on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Truist Financial lowered their target price on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, StockNews.com lowered Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Edgewell Personal Care has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

Edgewell Personal Care Stock Performance

NYSE:EPC opened at $34.20 on Wednesday. Edgewell Personal Care Co has a 12 month low of $33.27 and a 12 month high of $41.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.81. The firm has a market capitalization of $1.66 billion, a PE ratio of 17.45 and a beta of 0.88. The business’s fifty day moving average price is $35.61 and its 200 day moving average price is $37.36.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $517.60 million for the quarter, compared to analyst estimates of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. On average, sell-side analysts anticipate that Edgewell Personal Care Co will post 3.21 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 3rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, December 3rd. Edgewell Personal Care’s dividend payout ratio (DPR) is 30.61%.

Edgewell Personal Care 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.