Madison Investment Advisors LLC Buys New Stake in Edgewell Personal Care Co (NYSE:EPC)

Madison Investment Advisors LLC bought a new stake in Edgewell Personal Care Co (NYSE:EPC) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 115,056 shares of the company’s stock, valued at approximately $3,866,000. Madison Investment Advisors LLC owned about 0.24% of Edgewell Personal Care at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC boosted its holdings in Edgewell Personal Care by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 19,633 shares of the company’s stock valued at $660,000 after purchasing an additional 495 shares during the period. 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 valued at $116,000 after purchasing an additional 503 shares during the period. Sanctuary Advisors LLC boosted its holdings in Edgewell Personal Care by 2.6% in the 4th quarter. Sanctuary Advisors LLC now owns 20,502 shares of the company’s stock valued at $695,000 after purchasing an additional 529 shares during the period. TD Private Client Wealth LLC boosted its holdings 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 purchasing an additional 693 shares during the period. Finally, Wolverine Asset Management LLC boosted its holdings in 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 period. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Trading Down 0.7 %

Shares of EPC stock opened at $29.37 on Friday. Edgewell Personal Care Co has a 12-month low of $26.65 and a 12-month high of $41.50. The company has a market capitalization of $1.42 billion, a P/E ratio of 16.05 and a beta of 1.04. The firm has a 50-day moving average price of $31.52 and a 200 day moving average price of $34.09. The company has a quick ratio of 0.97, a current ratio of 2.06 and a debt-to-equity ratio of 0.96.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly 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 net margin of 4.09% and a return on equity of 9.29%. Research analysts forecast that Edgewell Personal Care Co will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, March 5th. Edgewell Personal Care’s payout ratio is presently 32.79%.

Analyst Upgrades and Downgrades

EPC has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, February 11th. Wells Fargo & Company reduced 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 report on Tuesday, February 11th. UBS Group reduced their price objective on shares of 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 shares of Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Finally, Canaccord Genuity Group reduced their price objective on shares of Edgewell Personal Care from $53.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.57.

About Edgewell Personal Care

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.