Edgewell Personal Care Co (NYSE:EPC) Shares Sold by State Street Corp

State Street Corp cut its stake in shares of Edgewell Personal Care Co (NYSE:EPC) by 1.1% in the third quarter, HoldingsChannel.com reports. The fund owned 1,915,673 shares of the company’s stock after selling 21,817 shares during the period. State Street Corp’s holdings in Edgewell Personal Care were worth $69,907,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on EPC. StockNews.com cut Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Barclays dropped their target price on shares of Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Finally, Truist Financial decreased their price target 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Edgewell Personal Care has an average rating of “Moderate Buy” and a consensus target price of $42.40.

Edgewell Personal Care Stock Down 1.1 %

Shares of NYSE:EPC opened at $35.05 on Wednesday. Edgewell Personal Care Co has a 52-week low of $33.27 and a 52-week high of $41.50. The stock has a market cap of $1.71 billion, a P/E ratio of 17.88 and a beta of 0.88. The business has a fifty day moving average of $35.65 and a two-hundred day moving average of $37.55. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.72 earnings per share (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 during the quarter, compared to analyst estimates of $535.23 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Edgewell Personal Care’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts expect that Edgewell Personal Care Co will post 3.21 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently declared 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. This represents a $0.60 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 3rd. Edgewell Personal Care’s payout ratio is presently 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.