Raymond James Financial Inc. Makes New Investment in Edgewell Personal Care Co (NYSE:EPC)

Raymond James Financial Inc. bought a new position in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 222,391 shares of the company's stock, valued at approximately $7,473,000. Raymond James Financial Inc. owned about 0.46% of Edgewell Personal Care at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPC. Barclays PLC boosted its holdings in Edgewell Personal Care by 563.6% during the third quarter. Barclays PLC now owns 148,553 shares of the company's stock worth $5,400,000 after buying an additional 126,168 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Edgewell Personal Care by 0.6% during the third quarter. Geode Capital Management LLC now owns 1,130,160 shares of the company's stock worth $41,078,000 after purchasing an additional 6,964 shares during the period. Sanctuary Advisors LLC raised its position in shares of Edgewell Personal Care by 13.3% during the third quarter. Sanctuary Advisors LLC now owns 19,973 shares of the company's stock worth $718,000 after purchasing an additional 2,339 shares during the period. Franklin Resources Inc. raised its position in shares of Edgewell Personal Care by 2.1% during the third quarter. Franklin Resources Inc. now owns 128,064 shares of the company's stock worth $4,499,000 after purchasing an additional 2,684 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Edgewell Personal Care by 2.9% during the third quarter. Principal Financial Group Inc. now owns 251,422 shares of the company's stock worth $9,137,000 after purchasing an additional 7,018 shares during the period. Institutional investors own 91.91% of the company's stock.

Edgewell Personal Care Stock Up 0.2 %

EPC stock traded up $0.06 during mid-day trading on Monday, reaching $30.88. The company had a trading volume of 337,857 shares, compared to its average volume of 457,486. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.06 and a quick ratio of 0.97. The stock has a 50 day simple moving average of $30.34 and a two-hundred day simple moving average of $32.83. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.87 and a beta of 0.94. Edgewell Personal Care Co has a 52 week low of $26.65 and a 52 week high of $41.50.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted 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%. As a group, equities analysts predict that Edgewell Personal Care Co will post 3.16 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a $0.15 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.94%. Edgewell Personal Care's dividend payout ratio is 32.79%.

Analysts Set New Price Targets

A number of research firms have recently commented on EPC. Royal Bank of Canada dropped their price target on Edgewell Personal Care from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. Canaccord Genuity Group dropped their price target on Edgewell Personal Care from $53.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Barclays dropped their price target on Edgewell Personal Care from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company dropped their target price on Edgewell Personal Care from $37.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley dropped their target price on Edgewell Personal Care from $35.00 to $32.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $35.71.

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.