Madison Investment Advisors LLC Acquires Shares of 115,056 Edgewell Personal Care Co (NYSE:EPC)

Madison Investment Advisors LLC acquired a new stake in Edgewell Personal Care Co (NYSE:EPC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 115,056 shares of the company’s stock, valued at approximately $3,866,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Edgewell Personal Care during the 4th quarter worth approximately $36,000. Wolverine Asset Management LLC grew its position in shares of Edgewell Personal Care by 217.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,168 shares of the company’s stock worth $39,000 after buying an additional 800 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Edgewell Personal Care during the 3rd quarter worth approximately $48,000. KBC Group NV grew its position in shares of Edgewell Personal Care by 56.5% during the 4th quarter. KBC Group NV now owns 2,279 shares of the company’s stock worth $77,000 after buying an additional 823 shares during the period. Finally, TD Private Client Wealth LLC grew its position in shares of Edgewell Personal Care by 33.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,788 shares of the company’s stock worth $101,000 after buying an additional 693 shares during the period. Institutional investors and hedge funds own 91.91% of the company’s stock.

Edgewell Personal Care Stock Performance

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

Edgewell Personal Care (NYSE:EPC) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. On average, analysts forecast that Edgewell Personal Care Co will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

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

Wall Street Analyst Weigh In

EPC has been the subject of several analyst reports. Royal Bank of Canada lowered their price target on shares of Edgewell Personal Care from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. UBS Group lowered their price target on shares of Edgewell Personal Care from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price target on shares of Edgewell Personal Care from $37.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Morgan Stanley decreased 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. Finally, Canaccord Genuity Group decreased 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 analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.