Allspring Global Investments Holdings LLC Acquires 85,467 Shares of Edgewell Personal Care Co (NYSE:EPC)

Allspring Global Investments Holdings LLC lifted its stake in Edgewell Personal Care Co (NYSE:EPC) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 750,369 shares of the company’s stock after buying an additional 85,467 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.54% of Edgewell Personal Care worth $25,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in shares of Edgewell Personal Care during the 4th quarter valued at $36,000. Prospera Private Wealth LLC bought a new stake in Edgewell Personal Care during the third quarter worth about $48,000. KBC Group NV grew its stake in Edgewell Personal Care by 56.5% during the fourth quarter. KBC Group NV now owns 2,279 shares of the company’s stock worth $77,000 after buying an additional 823 shares in the last quarter. Blue Trust Inc. increased its holdings in Edgewell Personal Care by 14.0% in the 3rd quarter. Blue Trust Inc. now owns 2,697 shares of the company’s stock valued at $108,000 after buying an additional 332 shares during the period. Finally, TD Private Client Wealth LLC raised its position 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 buying an additional 693 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

Analyst Upgrades and Downgrades

EPC has been the topic of a number of recent analyst reports. Barclays decreased their price objective on shares of Edgewell Personal Care from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. UBS Group lowered their price target on Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reduced their price objective on Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. Morgan Stanley lowered their target price 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. Finally, Wells Fargo & Company reduced their price target on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating on the stock 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.57.

Edgewell Personal Care Stock Performance

Shares of EPC stock opened at $29.81 on Friday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.21 and a beta of 0.88. The company has a current ratio of 1.66, a quick ratio of 0.81 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $33.13 and its 200-day moving average price is $35.45. Edgewell Personal Care Co has a 12 month low of $26.65 and a 12 month high of $41.50.

Edgewell Personal Care (NYSE:EPC) last posted its 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 9.78% and a net margin of 4.38%. Equities research analysts forecast that Edgewell Personal Care Co will post 3.19 EPS for the current year.

Edgewell Personal Care Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.60 annualized dividend and a dividend yield of 2.01%. Edgewell Personal Care’s dividend payout ratio is 30.61%.

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.