Norges Bank Takes $4.68 Million Position in Edgewell Personal Care Co (NYSE:EPC)

Norges Bank purchased a new position in Edgewell Personal Care Co (NYSE:EPC) in the fourth quarter, Holdings Channel reports. The fund purchased 139,414 shares of the company’s stock, valued at approximately $4,684,000.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in Edgewell Personal Care in the 4th quarter worth $36,000. Wolverine Asset Management LLC grew its position in shares of Edgewell Personal Care by 217.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock valued at $39,000 after purchasing an additional 800 shares during the period. KBC Group NV raised its position in shares of Edgewell Personal Care by 56.5% during the 4th quarter. KBC Group NV now owns 2,279 shares of the company’s stock worth $77,000 after purchasing an additional 823 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in Edgewell Personal Care by 33.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock valued at $101,000 after buying an additional 693 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Edgewell Personal Care by 18.7% in the 4th quarter. Blue Trust Inc. now owns 3,200 shares of the company’s stock worth $116,000 after buying an additional 503 shares during the last quarter. Hedge funds and other institutional investors own 91.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EPC. StockNews.com raised Edgewell Personal Care from a “sell” rating to a “hold” rating in a research note on Tuesday. Barclays dropped their target price on shares of Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Canaccord Genuity Group decreased their price target on shares of Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their price objective on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, Morgan Stanley decreased their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Edgewell Personal Care presently has an average rating of “Hold” and a consensus price target of $36.57.

Edgewell Personal Care Stock Up 8.0 %

Shares of NYSE:EPC opened at $29.63 on Thursday. The company has a current ratio of 2.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96. The firm has a 50 day simple moving average of $30.42 and a 200-day simple moving average of $33.30. The company has a market capitalization of $1.43 billion, a PE ratio of 16.19 and a beta of 0.94. Edgewell Personal Care Co has a twelve month low of $26.65 and a twelve month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings results on Monday, February 10th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. On average, equities analysts predict that Edgewell Personal Care Co will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.60 annualized dividend and a yield of 2.02%. Edgewell Personal Care’s dividend payout ratio is currently 32.79%.

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.