Bank of New York Mellon Corp Sells 97,335 Shares of Edgewell Personal Care Company (NYSE:EPC)

Bank of New York Mellon Corp decreased its holdings in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 17.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 476,211 shares of the company's stock after selling 97,335 shares during the quarter. Bank of New York Mellon Corp owned 0.99% of Edgewell Personal Care worth $14,863,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Edgewell Personal Care by 85.9% during the 4th quarter. Quadrant Capital Group LLC now owns 751 shares of the company's stock worth $25,000 after purchasing an additional 347 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of 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 purchasing an additional 1,362 shares in the last quarter. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 809 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Edgewell Personal Care by 166.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,362 shares of the company's stock worth $147,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Edgewell Personal Care during the 4th quarter worth about $351,000. Institutional investors and hedge funds own 91.91% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Edgewell Personal Care from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Canaccord Genuity Group decreased their price objective on shares of Edgewell Personal Care from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. UBS Group raised their target price on shares of Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Finally, Wells Fargo & Company cut their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $33.14.

Edgewell Personal Care Stock Up 4.7%

EPC stock traded up $1.19 during mid-day trading on Tuesday, hitting $26.63. 195,519 shares of the company were exchanged, compared to its average volume of 539,124. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.93 and a current ratio of 1.89. The firm has a market cap of $1.25 billion, a P/E ratio of 15.58 and a beta of 0.78. The firm's 50 day simple moving average is $25.86 and its 200 day simple moving average is $29.12. Edgewell Personal Care Company has a 1-year low of $22.61 and a 1-year high of $40.71.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.03). Edgewell Personal Care had a net margin of 3.81% and a return on equity of 9.20%. The business had revenue of $580.70 million during the quarter, compared to analyst estimates of $591.01 million. During the same quarter last year, the business earned $0.88 earnings per share. Edgewell Personal Care's revenue for the quarter was down 3.1% on a year-over-year basis. On average, sell-side analysts predict that Edgewell Personal Care Company will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.25%. Edgewell Personal Care's dividend payout ratio (DPR) is 35.09%.

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.