Edgewell Personal Care Co (NYSE:EPC) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its holdings in shares of Edgewell Personal Care Co (NYSE:EPC - Free Report) by 25.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 344,531 shares of the company's stock after selling 119,865 shares during the quarter. Bank of America Corp DE owned 0.71% of Edgewell Personal Care worth $11,576,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in shares of Edgewell Personal Care by 85.9% in the 4th quarter. Quadrant Capital Group LLC now owns 751 shares of the company's stock worth $25,000 after acquiring an additional 347 shares during the last quarter. R Squared Ltd acquired a new position in shares of Edgewell Personal Care in the fourth quarter valued at approximately $36,000. Wolverine Asset Management LLC increased its stake in 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. Sterling Capital Management LLC lifted its holdings in Edgewell Personal Care by 805.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,531 shares of the company's stock worth $51,000 after buying an additional 1,362 shares in the last quarter. Finally, KBC Group NV boosted its position in Edgewell Personal Care by 56.5% in the 4th quarter. KBC Group NV now owns 2,279 shares of the company's stock valued at $77,000 after buying an additional 823 shares during the period. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Edgewell Personal Care Stock Performance

NYSE EPC traded up $0.09 on Wednesday, reaching $28.15. The stock had a trading volume of 67,542 shares, compared to its average volume of 561,085. The business's 50-day moving average price is $29.36 and its 200 day moving average price is $31.85. Edgewell Personal Care Co has a 12-month low of $24.35 and a 12-month high of $41.50. The stock has a market cap of $1.32 billion, a P/E ratio of 15.38 and a beta of 0.91. 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 (NYSE:EPC - Get Free Report) last posted 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). Edgewell Personal Care had a net margin of 4.09% and a return on equity of 9.29%. The company had revenue of $580.70 million for the quarter, compared to analysts' expectations of $591.01 million. During the same period in the prior year, the company earned $0.88 earnings per share. The firm's revenue was down 3.1% on a year-over-year basis. As a group, equities analysts expect that Edgewell Personal Care Co will post 3.16 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, June 6th. Edgewell Personal Care's payout ratio is 35.09%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley cut their price objective 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. Canaccord Genuity Group decreased their price objective on Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Royal Bank of Canada lowered their price objective on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Finally, Wells Fargo & Company decreased their price target 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. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Edgewell Personal Care presently has a consensus rating of "Hold" and an average price target of $33.00.

Edgewell Personal Care 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.