Zacks Investment Management Has $1.44 Million Holdings in Edgewell Personal Care Co (NYSE:EPC)

Zacks Investment Management lifted its holdings in Edgewell Personal Care Co (NYSE:EPC) by 37.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,585 shares of the company’s stock after acquiring an additional 10,784 shares during the quarter. Zacks Investment Management owned approximately 0.08% of Edgewell Personal Care worth $1,439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Clearstead Trust LLC acquired a new position in shares of Edgewell Personal Care in the 2nd quarter worth approximately $33,000. Prospera Private Wealth LLC bought a new position in Edgewell Personal Care in the 3rd quarter worth approximately $48,000. Acadian Asset Management LLC bought a new position in Edgewell Personal Care in the 2nd quarter worth approximately $53,000. Innealta Capital LLC bought a new position in Edgewell Personal Care in the 2nd quarter worth approximately $76,000. Finally, Canada Pension Plan Investment Board bought a new position in Edgewell Personal Care in the 2nd quarter worth approximately $84,000. 91.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on EPC shares. 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. StockNews.com cut shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Truist Financial dropped their target price 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

Edgewell Personal Care Stock Performance

Shares of Edgewell Personal Care stock opened at $37.12 on Tuesday. 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 Co has a 52 week low of $33.27 and a 52 week high of $41.50. The firm has a fifty day moving average of $35.57 and a two-hundred day moving average of $37.63. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 18.94 and a beta of 0.88.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.72 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 business had revenue of $517.60 million during the quarter, compared to analysts’ expectations of $535.23 million. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, equities research analysts predict that Edgewell Personal Care Co will post 3.21 EPS for the current year.

Edgewell Personal Care Announces Dividend

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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.62%. 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.