Allspring Global Investments Holdings LLC Cuts Stock Holdings in Edgewell Personal Care Company $EPC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Edgewell Personal Care by 8.0%, holding 669,542 shares worth approximately $16.39 million after selling 58,204 shares in the second quarter.
• Edgewell Personal Care reported earnings per share of $0.92 for the last quarter, missing analysts' expectations of $1.01, and saw a 3.2% year-over-year decline in revenue.
• The firm announced a quarterly dividend of $0.15 per share, representing an annualized yield of 3.0%, with a payout ratio of 44.44%.

Allspring Global Investments Holdings LLC decreased its holdings in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 669,542 shares of the company's stock after selling 58,204 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.42% of Edgewell Personal Care worth $16,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Inspire Investing LLC grew its holdings in shares of Edgewell Personal Care by 48.4% during the second quarter. Inspire Investing LLC now owns 19,474 shares of the company's stock worth $456,000 after purchasing an additional 6,350 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in shares of Edgewell Personal Care by 30.9% during the second quarter. KLP Kapitalforvaltning AS now owns 21,600 shares of the company's stock worth $507,000 after purchasing an additional 5,100 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Edgewell Personal Care by 4.7% during the second quarter. State of Alaska Department of Revenue now owns 27,992 shares of the company's stock worth $655,000 after purchasing an additional 1,268 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Edgewell Personal Care by 167.0% during the second quarter. GAMMA Investing LLC now owns 1,968 shares of the company's stock worth $46,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Edgewell Personal Care by 4.3% during the second quarter. Exchange Traded Concepts LLC now owns 60,678 shares of the company's stock worth $1,420,000 after purchasing an additional 2,501 shares in the last quarter. Hedge funds and other institutional investors own 91.91% of the company's stock.

Edgewell Personal Care Stock Performance

NYSE:EPC opened at $20.25 on Friday. The firm has a market cap of $940.58 million, a PE ratio of 15.00 and a beta of 0.83. Edgewell Personal Care Company has a fifty-two week low of $19.13 and a fifty-two week high of $38.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 1.77. The business has a 50 day moving average price of $21.69 and a 200-day moving average price of $25.10.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). The company had revenue of $627.20 million for the quarter, compared to analysts' expectations of $658.51 million. Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period last year, the company posted $1.22 EPS. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. Equities research analysts predict that Edgewell Personal Care Company will post 3.16 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, September 4th. Edgewell Personal Care's dividend payout ratio is 44.44%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EPC shares. Wells Fargo & Company cut their target price on Edgewell Personal Care from $28.00 to $25.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. Canaccord Genuity Group cut their target price on Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Edgewell Personal Care in a research note on Wednesday, October 8th. Morgan Stanley raised Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and cut their target price for the stock from $26.00 to $23.00 in a research note on Wednesday, August 6th. Finally, Barclays cut their target price on Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $26.33.

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.

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