Cornercap Investment Counsel Inc. Takes Position in Edgewell Personal Care Co (NYSE:EPC)

Cornercap Investment Counsel Inc. bought a new stake in Edgewell Personal Care Co (NYSE:EPC) in the third quarter, Holdings Channel reports. The institutional investor bought 12,405 shares of the company’s stock, valued at approximately $451,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Edgewell Personal Care by 0.5% in the first quarter. Vanguard Group Inc. now owns 5,833,364 shares of the company’s stock valued at $225,401,000 after acquiring an additional 29,217 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Edgewell Personal Care by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company’s stock valued at $145,524,000 after acquiring an additional 24,513 shares during the last quarter. Brandes Investment Partners LP raised its stake in shares of Edgewell Personal Care by 19.7% in the second quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company’s stock valued at $61,545,000 after acquiring an additional 252,235 shares during the last quarter. LSV Asset Management raised its stake in shares of Edgewell Personal Care by 16.6% in the second quarter. LSV Asset Management now owns 1,071,354 shares of the company’s stock valued at $43,058,000 after acquiring an additional 152,200 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Edgewell Personal Care by 17.7% in the second quarter. Bank of New York Mellon Corp now owns 673,602 shares of the company’s stock valued at $27,072,000 after acquiring an additional 101,533 shares during the last quarter. Institutional investors own 91.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group cut their target price on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. StockNews.com cut shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Truist Financial dropped their price objective on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Barclays dropped their price objective 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Edgewell Personal Care has an average rating of “Moderate Buy” and an average target price of $42.40.

Edgewell Personal Care Stock Performance

Shares of Edgewell Personal Care stock opened at $34.73 on Friday. The firm has a fifty day moving average of $35.56 and a two-hundred day moving average of $37.97. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 17.72 and a beta of 0.86. Edgewell Personal Care Co has a 52 week low of $33.27 and a 52 week high of $41.50. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Thursday, November 7th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. The company had revenue of $517.60 million during the quarter, compared to analysts’ expectations of $535.23 million. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. As a group, equities research analysts predict that Edgewell Personal Care Co will post 3.21 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders 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 1.73%. The ex-dividend date is Tuesday, December 3rd. Edgewell Personal Care’s payout ratio is 30.61%.

About Edgewell Personal Care

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.