Wealthfront Advisers LLC Invests $331,000 in Edgewell Personal Care Co (NYSE:EPC)

Wealthfront Advisers LLC acquired a new position in shares of Edgewell Personal Care Co (NYSE:EPC) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,864 shares of the company’s stock, valued at approximately $331,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Edgewell Personal Care in the 4th quarter valued at about $36,000. Wolverine Asset Management LLC lifted its holdings in shares of Edgewell Personal Care by 217.4% in the 4th 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 last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Edgewell Personal Care in the 3rd quarter valued at about $48,000. KBC Group NV lifted its holdings in shares of Edgewell Personal Care by 56.5% in the 4th quarter. KBC Group NV now owns 2,279 shares of the company’s stock valued at $77,000 after purchasing an additional 823 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of 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 purchasing an additional 693 shares during the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on EPC. Barclays reduced their target price on 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. Morgan Stanley reduced their price objective on Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Tuesday, February 11th. Wells Fargo & Company reduced their price objective on 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. Canaccord Genuity Group reduced their price objective on Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada reduced their price objective on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.57.

Edgewell Personal Care Stock Performance

NYSE EPC opened at $30.37 on Monday. 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 business’s 50 day moving average is $31.73 and its two-hundred day moving average is $34.36. Edgewell Personal Care Co has a 12-month low of $26.65 and a 12-month high of $41.50. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 16.59 and a beta of 1.04.

Edgewell Personal Care (NYSE:EPC) last released its earnings results on Monday, February 10th. The company reported $0.07 earnings per share (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%. Research analysts expect that Edgewell Personal Care Co will post 3.16 EPS for the current year.

Edgewell Personal Care Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, March 5th. Edgewell Personal Care’s dividend payout ratio is currently 32.79%.

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.