Banco Santander S.A. Sells 658,909 Shares of Edgewell Personal Care Co (NYSE:EPC)

Banco Santander S.A. decreased its position in shares of Edgewell Personal Care Co (NYSE:EPC) by 31.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,421,633 shares of the company’s stock after selling 658,909 shares during the quarter. Edgewell Personal Care comprises 0.6% of Banco Santander S.A.’s holdings, making the stock its 22nd largest holding. Banco Santander S.A.’s holdings in Edgewell Personal Care were worth $51,662,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EPC. Allspring Global Investments Holdings LLC increased its stake in Edgewell Personal Care by 63.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 664,902 shares of the company’s stock valued at $24,163,000 after purchasing an additional 259,200 shares in the last quarter. Brandes Investment Partners LP raised its holdings in shares of Edgewell Personal Care by 19.7% in the 2nd quarter. Brandes Investment Partners LP now owns 1,529,647 shares of the company’s stock worth $61,545,000 after acquiring an additional 252,235 shares during the last quarter. Empowered Funds LLC acquired a new position in Edgewell Personal Care during the 3rd quarter valued at about $6,128,000. 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 worth $43,058,000 after purchasing an additional 152,200 shares during the last quarter. Finally, Kestrel Investment Management Corp purchased a new position in shares of Edgewell Personal Care during the second quarter valued at approximately $4,855,000. 91.91% of the stock is owned by institutional investors and hedge funds.

Edgewell Personal Care Price Performance

EPC opened at $34.69 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 0.81. Edgewell Personal Care Co has a one year low of $33.27 and a one year high of $41.50. The firm has a market capitalization of $1.69 billion, a P/E ratio of 17.70 and a beta of 0.86. The company has a fifty day moving average price of $35.46 and a 200-day moving average price of $37.90.

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

Edgewell Personal Care Dividend Announcement

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. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.60 annualized dividend and a yield of 1.73%. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

Analyst Upgrades and Downgrades

EPC has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. UBS Group decreased their price target on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Truist Financial reduced their price objective 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, Barclays lowered their target price on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.40.

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.