Kiker Wealth Management LLC Makes New Investment in Edgewell Personal Care Co (NYSE:EPC)

Kiker Wealth Management LLC bought a new stake in shares of Edgewell Personal Care Co (NYSE:EPC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 33,801 shares of the company’s stock, valued at approximately $1,136,000. Edgewell Personal Care accounts for approximately 0.9% of Kiker Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Kiker Wealth Management LLC owned 0.07% of Edgewell Personal Care as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of EPC. Brandes Investment Partners LP lifted its stake in Edgewell Personal Care by 21.1% in the fourth quarter. Brandes Investment Partners LP now owns 2,041,665 shares of the company’s stock valued at $68,600,000 after buying an additional 355,224 shares during the period. Geode Capital Management LLC raised its position in shares of Edgewell Personal Care by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company’s stock valued at $41,078,000 after acquiring an additional 6,964 shares during the period. William Blair Investment Management LLC raised its position in shares of Edgewell Personal Care by 40.5% in the 4th quarter. William Blair Investment Management LLC now owns 878,390 shares of the company’s stock valued at $29,514,000 after acquiring an additional 253,014 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Edgewell Personal Care by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 817,042 shares of the company’s stock worth $27,453,000 after acquiring an additional 38,353 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Edgewell Personal Care by 12.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company’s stock valued at $25,122,000 after purchasing an additional 85,467 shares during the period. Institutional investors own 91.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on EPC shares. Wells Fargo & Company decreased their target price on 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. Royal Bank of Canada lowered their target price on 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 cut their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. Barclays lowered their price objective on shares of 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. Finally, Canaccord Genuity Group cut their price objective on shares of Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.57.

Edgewell Personal Care Stock Performance

Shares of Edgewell Personal Care stock opened at $29.65 on Friday. The business has a 50-day moving average price of $31.56 and a two-hundred day moving average price of $34.16. Edgewell Personal Care Co has a 1-year low of $26.65 and a 1-year 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 company has a market cap of $1.43 billion, a P/E ratio of 16.20 and a beta of 1.04.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.07 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%. As a group, analysts anticipate that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 yield of 2.02%. Edgewell Personal Care’s payout ratio is currently 32.79%.

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.