Bank of New York Mellon Corp Cuts Stake in Edgewell Personal Care Company (NYSE:EPC)

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

Other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in Edgewell Personal Care by 85.9% during the fourth quarter. Quadrant Capital Group LLC now owns 751 shares of the company's stock valued at $25,000 after buying an additional 347 shares during the period. Sterling Capital Management LLC increased its holdings in Edgewell Personal Care by 805.9% during the fourth 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 during the period. Blue Trust Inc. increased its holdings in Edgewell Personal Care by 35.3% during the first quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock valued at $97,000 after buying an additional 809 shares during the period. Tower Research Capital LLC TRC increased its holdings in 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 valued at $147,000 after buying an additional 2,725 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new position in Edgewell Personal Care during the fourth quarter valued at approximately $351,000. 91.91% of the stock is owned by hedge funds and other institutional investors.

Edgewell Personal Care Stock Performance

NYSE EPC traded up $0.45 during trading on Wednesday, reaching $27.05. The company's stock had a trading volume of 655,498 shares, compared to its average volume of 542,334. 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 $1.27 billion, a price-to-earnings ratio of 15.82 and a beta of 0.78. Edgewell Personal Care Company has a twelve month low of $22.61 and a twelve month high of $40.71. The business's fifty day moving average price is $25.75 and its 200-day moving average price is $29.05.

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

Edgewell Personal Care Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 6th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.22%. Edgewell Personal Care's dividend payout ratio is currently 35.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Royal Bank Of Canada dropped their price objective on shares of Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. UBS Group boosted their price objective on shares of Edgewell Personal Care from $31.00 to $32.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Barclays boosted their price objective on shares of Edgewell Personal Care from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company dropped their price objective on shares of Edgewell Personal Care from $35.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $33.14.

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.