Raymond James Financial Inc. Invests $7.47 Million in Edgewell Personal Care Co (NYSE:EPC)

Raymond James Financial Inc. acquired a new position in shares of Edgewell Personal Care Co (NYSE:EPC) in the fourth quarter, HoldingsChannel reports. The fund acquired 222,391 shares of the company’s stock, valued at approximately $7,473,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in shares of Edgewell Personal Care by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 19,633 shares of the company’s stock worth $660,000 after buying an additional 495 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Edgewell Personal Care by 18.7% during the 4th quarter. Blue Trust Inc. now owns 3,200 shares of the company’s stock worth $116,000 after buying an additional 503 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Edgewell Personal Care by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 20,502 shares of the company’s stock worth $695,000 after buying an additional 529 shares during the last quarter. TD Private Client Wealth LLC increased its holdings 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 purchasing an additional 693 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its holdings 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 purchasing an additional 800 shares in the last quarter. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Stock Down 0.7 %

Shares of Edgewell Personal Care stock opened at $29.37 on Friday. The business has a 50-day moving average of $31.52 and a 200-day moving average of $34.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.06 and a quick ratio of 0.97. The company has a market capitalization of $1.42 billion, a PE ratio of 16.05 and a beta of 1.04. Edgewell Personal Care Co has a 1-year low of $26.65 and a 1-year high of $41.50.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Monday, February 10th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. As a group, equities analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EPC. Canaccord Genuity Group lowered their price target on Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada lowered their price target 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 target on Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Morgan Stanley lowered their price target on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. Finally, UBS Group lowered their price target on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.57.

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.