Allspring Global Investments Holdings LLC Sells 22,623 Shares of Edgewell Personal Care Company (NYSE:EPC)

Allspring Global Investments Holdings LLC reduced its stake in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) by 3.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 727,746 shares of the company's stock after selling 22,623 shares during the period. Allspring Global Investments Holdings LLC owned about 1.51% of Edgewell Personal Care worth $22,713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EPC. GAMMA Investing LLC increased its holdings in Edgewell Personal Care by 4,732.4% in the 1st quarter. GAMMA Investing LLC now owns 23,002 shares of the company's stock worth $737,000 after acquiring an additional 22,526 shares during the last quarter. Blue Trust Inc. boosted its position in Edgewell Personal Care by 35.3% during the first quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock worth $97,000 after purchasing an additional 809 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Edgewell Personal Care by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 17,986 shares of the company's stock worth $561,000 after purchasing an additional 517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Edgewell Personal Care by 2.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,633 shares of the company's stock valued at $928,000 after purchasing an additional 702 shares during the period. Finally, Amundi raised its position in shares of Edgewell Personal Care by 188.6% in the fourth quarter. Amundi now owns 25,051 shares of the company's stock valued at $807,000 after purchasing an additional 16,370 shares during the period. 91.91% of the stock is owned by institutional investors.

Edgewell Personal Care Price Performance

NYSE EPC traded down $0.20 during trading on Friday, reaching $24.62. The company's stock had a trading volume of 313,427 shares, compared to its average volume of 515,624. The firm has a fifty day moving average of $26.59 and a 200 day moving average of $29.71. Edgewell Personal Care Company has a one year low of $22.61 and a one year high of $41.50. The stock has a market capitalization of $1.16 billion, a PE ratio of 14.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.89 and a quick ratio of 0.93.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.03). The business had revenue of $580.70 million for the quarter, compared to analysts' expectations of $591.01 million. Edgewell Personal Care had a return on equity of 9.20% and a net margin of 3.81%. The firm's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. Analysts expect that Edgewell Personal Care Company will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, June 6th. Edgewell Personal Care's payout ratio is 35.09%.

Analysts Set New Price Targets

EPC has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Canaccord Genuity Group reduced their price target on Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Barclays decreased their price objective on Edgewell Personal Care from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen upgraded Edgewell Personal Care from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Finally, UBS Group lifted their target price on Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Edgewell Personal Care has an average rating of "Hold" and a consensus target price of $33.00.

Edgewell Personal Care Company 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.