Prospera Private Wealth LLC Makes New $48,000 Investment in Edgewell Personal Care Co (NYSE:EPC)

Prospera Private Wealth LLC bought a new stake in shares of Edgewell Personal Care Co (NYSE:EPC) during the third quarter, HoldingsChannel.com reports. The fund bought 1,311 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EPC. Empowered Funds LLC purchased a new stake in Edgewell Personal Care in the third quarter worth $6,128,000. Dimensional Fund Advisors LP increased its stake in Edgewell Personal Care by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,620,865 shares of the company’s stock worth $145,524,000 after buying an additional 24,513 shares during the period. Chartwell Investment Partners LLC boosted its position in Edgewell Personal Care by 54.3% in the 3rd quarter. Chartwell Investment Partners LLC now owns 211,056 shares of the company’s stock valued at $7,670,000 after buying an additional 74,315 shares during the period. Sei Investments Co. grew its stake in Edgewell Personal Care by 6.8% in the 2nd quarter. Sei Investments Co. now owns 424,159 shares of the company’s stock worth $17,045,000 after acquiring an additional 27,119 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Edgewell Personal Care during the second quarter worth approximately $569,000. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays lowered their price target on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Truist Financial lowered their price objective on shares of Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. StockNews.com lowered shares of Edgewell Personal Care from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, UBS Group dropped their price objective on shares of Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.40.

Edgewell Personal Care Stock Performance

EPC stock opened at $35.14 on Friday. Edgewell Personal Care Co has a one year low of $33.27 and a one year high of $41.50. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 17.93 and a beta of 0.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.81 and a current ratio of 1.66. The firm has a 50-day simple moving average of $35.46 and a two-hundred day simple moving average of $37.90.

Edgewell Personal Care (NYSE:EPC) last announced its earnings results on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. The company had revenue of $517.60 million during the quarter, compared to the consensus estimate of $535.23 million. Edgewell Personal Care had a net margin of 4.38% and a return on equity of 9.78%. Edgewell Personal Care’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. On average, equities analysts forecast that Edgewell Personal Care Co will post 3.21 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 3rd. Edgewell Personal Care’s dividend payout ratio (DPR) is presently 30.61%.

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.