Everence Capital Management Inc. Acquires New Position in Edgewell Personal Care Co (NYSE:EPC)

Everence Capital Management Inc. bought a new stake in shares of Edgewell Personal Care Co (NYSE:EPC) during the 4th quarter, Holdings Channel reports. The firm bought 6,520 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP raised its stake in Edgewell Personal Care by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 144,692 shares of the company’s stock worth $5,348,000 after acquiring an additional 26,913 shares during the period. LSV Asset Management lifted its position in shares of Edgewell Personal Care by 4.7% during the third quarter. LSV Asset Management now owns 883,354 shares of the company’s stock worth $32,649,000 after purchasing an additional 39,700 shares during the last quarter. FMR LLC raised its holdings in shares of Edgewell Personal Care by 4,213.9% in the third quarter. FMR LLC now owns 104,872 shares of the company’s stock valued at $3,876,000 after acquiring an additional 102,441 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Edgewell Personal Care in the third quarter valued at about $1,619,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Edgewell Personal Care in the third quarter valued at about $2,366,000. Institutional investors own 91.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EPC. Wells Fargo & Company boosted their price target on Edgewell Personal Care from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Barclays decreased their target price on Edgewell Personal Care from $39.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th.

Edgewell Personal Care Stock Performance

Shares of Edgewell Personal Care stock opened at $36.16 on Friday. The business has a 50-day moving average of $37.62 and a 200 day moving average of $36.55. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.15 and a quick ratio of 1.03. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 17.73 and a beta of 0.94. Edgewell Personal Care Co has a 12 month low of $33.71 and a 12 month high of $46.13.

Edgewell Personal Care (NYSE:EPC) last posted its earnings results on Wednesday, February 7th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.18. The firm had revenue of $488.90 million during the quarter, compared to analysts’ expectations of $481.41 million. Edgewell Personal Care had a return on equity of 8.38% and a net margin of 4.66%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. As a group, sell-side analysts forecast that Edgewell Personal Care Co will post 2.8 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 7th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, March 6th. Edgewell Personal Care’s payout ratio is currently 29.41%.

Edgewell Personal Care Company 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.