Comerica Bank Sells 2,748 Shares of Edgewell Personal Care Co (NYSE:EPC)

Comerica Bank trimmed its holdings in shares of Edgewell Personal Care Co (NYSE:EPC) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,849 shares of the company’s stock after selling 2,748 shares during the quarter. Comerica Bank’s holdings in Edgewell Personal Care were worth $902,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Edgewell Personal Care by 563.6% during the 3rd quarter. Barclays PLC now owns 148,553 shares of the company’s stock valued at $5,400,000 after acquiring an additional 126,168 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Edgewell Personal Care by 12.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 750,369 shares of the company’s stock valued at $25,122,000 after purchasing an additional 85,467 shares during the last quarter. SG Americas Securities LLC grew its holdings in Edgewell Personal Care by 208.2% during the fourth quarter. SG Americas Securities LLC now owns 16,553 shares of the company’s stock valued at $556,000 after purchasing an additional 11,183 shares during the last quarter. Amundi raised its position in shares of Edgewell Personal Care by 188.6% in the fourth quarter. Amundi now owns 25,051 shares of the company’s stock valued at $807,000 after purchasing an additional 16,370 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Edgewell Personal Care by 71.3% in the fourth quarter. LPL Financial LLC now owns 12,057 shares of the company’s stock worth $405,000 after buying an additional 5,019 shares during the last quarter. 91.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EPC. Morgan Stanley lowered 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. Royal Bank of Canada decreased their price target on shares of Edgewell Personal Care from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Barclays dropped their price objective on Edgewell Personal Care from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group cut their price objective on Edgewell Personal Care from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, Wells Fargo & Company lowered their target price on Edgewell Personal Care from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $33.00.

Edgewell Personal Care Stock Down 0.8%

NYSE EPC opened at $28.50 on Wednesday. Edgewell Personal Care Co has a twelve month low of $24.35 and a twelve month high of $41.50. The stock has a market cap of $1.34 billion, a PE ratio of 15.57 and a beta of 0.91. The firm has a 50-day simple moving average of $29.92 and a 200 day simple moving average of $32.39. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 2.06.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The firm had revenue of $580.70 million during the quarter, compared to the consensus estimate of $591.01 million. Edgewell Personal Care had a return on equity of 9.29% and a net margin of 4.09%. Edgewell Personal Care’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 EPS. On average, research analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.11%. Edgewell Personal Care’s dividend payout ratio is currently 35.09%.

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.