Bank of New York Mellon Corp Makes New $7.95 Million Investment in Edgewell Personal Care Company $EPC

Key Points

• Bank of New York Mellon acquired 295,909 Edgewell Personal Care shares worth approximately $7.95 million during the second quarter, giving it a 0.64% stake. Institutional investors and hedge funds collectively own 91.91% of EPC.
• Analysts maintain a cautious outlook, with Edgewell carrying a consensus “Hold” rating and an average price target of $31.83. Recent targets range from $29 to $32.
• Edgewell exceeded quarterly EPS expectations, reporting $0.72 versus the $0.64 consensus, but revenue fell 9.1% year over year to $570.1 million. The company declared a quarterly dividend of $0.15, equivalent to a 2.1% annualized yield.

Bank of New York Mellon Corp acquired a new position in Edgewell Personal Care Company (NYSE:EPC - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 295,909 shares of the company's stock, valued at approximately $7,948,000. Bank of New York Mellon Corp owned 0.64% of Edgewell Personal Care at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Investment Advisers raised its holdings in Edgewell Personal Care by 4.1% in the fourth quarter. Cetera Investment Advisers now owns 12,789 shares of the company's stock valued at $218,000 after buying an additional 502 shares during the period. Madison Asset Management LLC grew its stake in Edgewell Personal Care by 0.6% during the fourth quarter. Madison Asset Management LLC now owns 135,035 shares of the company's stock worth $2,302,000 after buying an additional 867 shares during the period. Aster Capital Management DIFC Ltd grew its stake in Edgewell Personal Care by 158.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,486 shares of the company's stock worth $25,000 after buying an additional 910 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Edgewell Personal Care by 3.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,564 shares of the company's stock worth $891,000 after acquiring an additional 931 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in shares of Edgewell Personal Care by 4.0% in the first quarter. Illinois Municipal Retirement Fund now owns 27,063 shares of the company's stock worth $578,000 after acquiring an additional 1,051 shares in the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EPC has been the topic of several recent research reports. Wall Street Zen upgraded shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a report on Saturday, May 9th. UBS Group increased their price target on Edgewell Personal Care from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Weiss Ratings raised Edgewell Personal Care from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 25th. Morgan Stanley set a $31.00 price objective on Edgewell Personal Care in a research note on Thursday, August 6th. Finally, Barclays upped their target price on Edgewell Personal Care from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell 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 $31.83.

Edgewell Personal Care Price Performance

EPC stock opened at $28.47 on Friday. The stock's 50 day moving average is $27.94 and its two-hundred day moving average is $23.45. Edgewell Personal Care Company has a 52-week low of $15.73 and a 52-week high of $29.95. The company has a market capitalization of $1.31 billion, a PE ratio of -14.23 and a beta of 0.39. The company has a quick ratio of 1.12, a current ratio of 1.84 and a debt-to-equity ratio of 0.85.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.08. The firm had revenue of $570.10 million for the quarter, compared to analysts' expectations of $574.87 million. Edgewell Personal Care had a negative net margin of 4.55% and a positive return on equity of 5.76%. The firm's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. Edgewell Personal Care has set its FY 2026 guidance at 1.800-2.000 EPS. Analysts predict that Edgewell Personal Care Company will post 1.94 earnings per share for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 9th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, September 9th. Edgewell Personal Care's dividend payout ratio (DPR) is -30.00%.

About Edgewell Personal Care

Edgewell Personal Care Inc, incorporated in 2015 and headquartered in Shelton, Connecticut, is a global consumer products company specializing in personal care, sun care, shaving and feminine care solutions. The company emerged as a spin-off from Energizer Holdings' personal care division, listing its shares on the New York Stock Exchange under the ticker “EPC.” Edgewell's portfolio comprises well-known brands that cater to everyday personal grooming and protection needs.

In the shaving segment, Edgewell markets razors and refill blades under brands such as Schick and Wilkinson Sword, targeting both men's and women's grooming categories.

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