Comerica Bank Has $1.56 Million Stake in Edgewell Personal Care Co (NYSE:EPC)

Comerica Bank lowered its holdings in Edgewell Personal Care Co (NYSE:EPC – Get Rating) by 11.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 39,678 shares of the company’s stock after selling 5,220 shares during the quarter. Comerica Bank’s holdings in Edgewell Personal Care were worth $1,560,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Edgewell Personal Care by 2.5% in the first quarter. Vanguard Group Inc. now owns 6,216,241 shares of the company’s stock valued at $227,950,000 after purchasing an additional 153,278 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Edgewell Personal Care by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,725,388 shares of the company’s stock worth $99,940,000 after buying an additional 93,562 shares in the last quarter. State Street Corp increased its position in shares of Edgewell Personal Care by 0.5% during the second quarter. State Street Corp now owns 2,040,406 shares of the company’s stock valued at $70,739,000 after acquiring an additional 11,102 shares during the last quarter. FMR LLC increased its position in shares of Edgewell Personal Care by 70.2% during the second quarter. FMR LLC now owns 802,371 shares of the company’s stock valued at $27,698,000 after acquiring an additional 331,059 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Edgewell Personal Care by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 680,137 shares of the company’s stock valued at $24,941,000 after acquiring an additional 11,228 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider John N. Hill sold 1,250 shares of the business’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $41.61, for a total transaction of $52,012.50. Following the transaction, the insider now owns 74,986 shares in the company, valued at approximately $3,120,167.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.84% of the company’s stock.

Analyst Upgrades and Downgrades

EPC has been the subject of several research analyst reports. Barclays raised their price target on shares of Edgewell Personal Care from $31.00 to $35.00 and gave the stock an “underweight” rating in a research note on Monday, November 14th. Canaccord Genuity Group initiated coverage on Edgewell Personal Care in a research report on Thursday, November 17th. They set a “buy” rating and a $48.00 target price on the stock. StockNews.com initiated coverage on Edgewell Personal Care in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Morgan Stanley decreased their price objective on Edgewell Personal Care from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Friday, November 11th. Finally, The Goldman Sachs Group lowered Edgewell Personal Care from a “buy” rating to a “neutral” rating and reduced their target price for the company from $47.00 to $42.00 in a report on Tuesday, October 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Edgewell Personal Care presently has an average rating of “Hold” and a consensus price target of $40.80.

Edgewell Personal Care Stock Performance

NYSE EPC opened at $41.14 on Friday. The company has a 50-day simple moving average of $40.38 and a two-hundred day simple moving average of $39.51. The company has a quick ratio of 0.90, a current ratio of 1.72 and a debt-to-equity ratio of 0.95. Edgewell Personal Care Co has a 12-month low of $32.00 and a 12-month high of $48.28. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 22.36 and a beta of 0.94.

Edgewell Personal Care (NYSE:EPC – Get Rating) last released its quarterly earnings data on Thursday, November 10th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Edgewell Personal Care had a return on equity of 9.16% and a net margin of 4.54%. The firm had revenue of $536.90 million during the quarter, compared to analyst estimates of $540.91 million. On average, equities analysts forecast that Edgewell Personal Care Co will post 2.41 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Tuesday, November 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Monday, November 28th. Edgewell Personal Care’s dividend payout ratio (DPR) is 32.61%.

Edgewell Personal Care Company Profile

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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.