Confluence Investment Management LLC Has $3.50 Million Position in Edgewell Personal Care Co (NYSE:EPC)

Confluence Investment Management LLC cut its holdings in shares of Edgewell Personal Care Co (NYSE:EPC) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,142 shares of the company’s stock after selling 6,258 shares during the period. Confluence Investment Management LLC owned about 0.18% of Edgewell Personal Care worth $3,502,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Comerica Bank boosted its position in Edgewell Personal Care by 23.7% during the 1st quarter. Comerica Bank now owns 29,763 shares of the company’s stock worth $1,150,000 after buying an additional 5,709 shares during the period. Tidal Investments LLC acquired a new position in shares of Edgewell Personal Care in the 1st quarter worth approximately $608,000. Price T Rowe Associates Inc. MD lifted its position in shares of Edgewell Personal Care by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,253 shares of the company’s stock worth $1,401,000 after purchasing an additional 1,564 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Edgewell Personal Care in the 1st quarter worth approximately $116,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Edgewell Personal Care by 11.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 83,832 shares of the company’s stock worth $3,237,000 after purchasing an additional 8,468 shares during the period. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Edgewell Personal Care Trading Down 0.2 %

Shares of NYSE:EPC traded down $0.07 during mid-day trading on Friday, hitting $39.19. The company had a trading volume of 418,648 shares, compared to its average volume of 408,021. The company has a market capitalization of $1.94 billion, a PE ratio of 16.40 and a beta of 0.88. The firm has a fifty day moving average price of $39.45 and a 200 day moving average price of $38.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.84 and a quick ratio of 0.92. Edgewell Personal Care Co has a one year low of $33.71 and a one year high of $42.15.

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.14. The business had revenue of $599.40 million during the quarter, compared to analyst estimates of $606.74 million. Edgewell Personal Care had a net margin of 5.40% and a return on equity of 9.29%. Edgewell Personal Care’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. As a group, research analysts forecast that Edgewell Personal Care Co will post 2.92 EPS for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Thursday, June 6th were paid a $0.15 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Edgewell Personal Care’s payout ratio is 25.10%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Edgewell Personal Care from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th. Canaccord Genuity Group boosted their price target on shares of Edgewell Personal Care from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, StockNews.com upgraded shares of Edgewell Personal Care from a “hold” rating to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.50.

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.