Edgewell Personal Care Co (NYSE:EPC – Get Free Report) declared a quarterly dividend on Tuesday, August 1st, Zacks reports. Stockholders of record on Thursday, September 7th will be given a dividend of 0.15 per share on Wednesday, October 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, September 6th.
Edgewell Personal Care has a payout ratio of 21.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Edgewell Personal Care to earn $2.81 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 21.4%.
Edgewell Personal Care Price Performance
EPC stock opened at $39.12 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.84 and a current ratio of 1.71. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 17.39 and a beta of 0.94. The firm has a 50 day moving average price of $39.17 and a 200-day moving average price of $41.38. Edgewell Personal Care has a 52-week low of $36.17 and a 52-week high of $46.13.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on EPC shares. Barclays upped their price objective on Edgewell Personal Care from $36.00 to $37.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. StockNews.com assumed coverage on Edgewell Personal Care in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $44.29.
Insiders Place Their Bets
In other news, insider John N. Hill sold 4,390 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $42.89, for a total value of $188,287.10. Following the completion of the sale, the insider now directly owns 72,725 shares in the company, valued at approximately $3,119,175.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.84% of the company’s stock.
Institutional Investors Weigh In On Edgewell Personal Care
A number of institutional investors have recently bought and sold shares of the business. Systematic Financial Management LP bought a new stake in Edgewell Personal Care during the 1st quarter valued at approximately $166,000. Point72 Middle East FZE purchased a new position in shares of Edgewell Personal Care in the fourth quarter worth $148,000. Tower Research Capital LLC TRC boosted its position in shares of Edgewell Personal Care by 110.2% during the third quarter. Tower Research Capital LLC TRC now owns 3,912 shares of the company’s stock worth $146,000 after acquiring an additional 2,051 shares during the last quarter. UBS Group AG increased its holdings in Edgewell Personal Care by 29.9% in the 3rd quarter. UBS Group AG now owns 3,724 shares of the company’s stock valued at $139,000 after acquiring an additional 857 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Edgewell Personal Care by 26.7% in the 2nd quarter. Osaic Holdings Inc. now owns 3,216 shares of the company’s stock worth $133,000 after purchasing an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.
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.
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