American Century Companies Inc. Buys 106,701 Shares of Edgewell Personal Care Company $EPC

Key Points

• American Century Companies Inc. increased its stake in Edgewell Personal Care by 3.3%, owning a total of 3,329,440 shares valued at approximately $103.91 million.
• Analysts have lowered their price targets for Edgewell Personal Care, with a consensus rating of "Moderate Buy" and a price target of $29.29.
• Edgewell Personal Care recently announced a quarterly dividend of $0.15, yielding 2.6%, with a payout ratio of 44.44%.

American Century Companies Inc. lifted its holdings in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) by 3.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,329,440 shares of the company's stock after acquiring an additional 106,701 shares during the quarter. American Century Companies Inc. owned approximately 7.08% of Edgewell Personal Care worth $103,912,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Edgewell Personal Care by 238.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 975 shares of the company's stock worth $30,000 after acquiring an additional 687 shares during the period. Sterling Capital Management LLC grew its holdings in Edgewell Personal Care by 805.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,531 shares of the company's stock valued at $51,000 after buying an additional 1,362 shares in the last quarter. Blue Trust Inc. increased its position in Edgewell Personal Care by 35.3% during the 1st quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock worth $97,000 after buying an additional 809 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of Edgewell Personal Care by 24.1% during the first quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company's stock worth $110,000 after buying an additional 686 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Edgewell Personal Care by 166.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,362 shares of the company's stock worth $147,000 after buying an additional 2,725 shares in the last quarter. 91.91% of the stock is currently owned by institutional investors.

Edgewell Personal Care Price Performance

Shares of Edgewell Personal Care stock traded up $0.4720 during trading on Friday, reaching $23.8320. 175,446 shares of the company's stock were exchanged, compared to its average volume of 666,435. Edgewell Personal Care Company has a 1-year low of $19.13 and a 1-year high of $40.71. The firm's 50-day moving average price is $24.34 and its 200 day moving average price is $27.70. 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 company has a market cap of $1.11 billion, a P/E ratio of 17.68 and a beta of 0.81.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). Edgewell Personal Care had a return on equity of 8.06% and a net margin of 2.94%.The firm had revenue of $627.20 million during the quarter, compared to analyst estimates of $658.51 million. During the same period in the previous year, the company earned $1.22 EPS. Edgewell Personal Care's revenue for the quarter was down 3.2% on a year-over-year basis. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, research analysts anticipate that Edgewell Personal Care Company will post 3.16 earnings per share for the current year.

Edgewell Personal Care Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Thursday, September 4th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 4th. Edgewell Personal Care's dividend payout ratio is presently 44.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank Of Canada dropped their price objective on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Morgan Stanley raised Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $26.00 to $23.00 in a report on Wednesday, August 6th. UBS Group dropped their price objective on Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Zacks Research cut Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Edgewell Personal Care has a consensus rating of "Hold" and an average price target of $29.29.

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.