Charles Schwab Investment Management Inc. Increases Stock Position in Edgewell Personal Care Company $EPC

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Edgewell Personal Care by 7.8%, purchasing an additional 64,059 shares, bringing its total ownership to 881,101 shares valued at approximately $27.5 million.
• Edgewell Personal Care recently reported a missed earnings estimate for the quarter with an EPS of $0.92, falling short of the $1.01 expected by analysts, and also reported a revenue decline of 3.2% year-over-year.
• The company declared a quarterly dividend of $0.15, translating to an annualized dividend of $0.60 and a yield of 2.6%, with the ex-dividend date set for September 4th.

Charles Schwab Investment Management Inc. grew its holdings in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 881,101 shares of the company's stock after purchasing an additional 64,059 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.83% of Edgewell Personal Care worth $27,499,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its position 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 valued at $30,000 after buying an additional 687 shares during the period. Sterling Capital Management LLC raised 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 valued at $51,000 after buying an additional 1,362 shares during the period. Blue Trust Inc. raised 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 valued at $97,000 after buying an additional 809 shares during the period. TD Private Client Wealth LLC raised its position in shares of Edgewell Personal Care by 24.1% during the 1st quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company's stock valued at $110,000 after buying an additional 686 shares during the period. Finally, Tower Research Capital LLC TRC raised 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 valued at $147,000 after buying an additional 2,725 shares during the period. 91.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EPC has been the topic of several analyst reports. Morgan Stanley raised shares of Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and reduced their price target for the company from $26.00 to $23.00 in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Edgewell Personal Care from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Canaccord Genuity Group cut their target price on Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Royal Bank Of Canada cut their target price on Edgewell Personal Care from $43.00 to $35.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Wells Fargo & Company cut their target price on 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. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Edgewell Personal Care has a consensus rating of "Hold" and an average price target of $29.29.

Edgewell Personal Care Trading Up 2.4%

NYSE EPC traded up $0.5620 on Friday, reaching $23.9220. The stock had a trading volume of 544,401 shares, compared to its average volume of 971,410. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 17.72 and a beta of 0.81. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.88. Edgewell Personal Care Company has a 12-month low of $19.13 and a 12-month high of $40.71. The stock has a fifty day moving average price of $24.35 and a two-hundred day moving average price of $27.62.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.09). The business had revenue of $627.20 million during the quarter, compared to analyst estimates of $658.51 million. Edgewell Personal Care had a return on equity of 8.06% and a net margin of 2.94%.The business's revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 EPS. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, sell-side analysts forecast 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 will be paid on Wednesday, October 8th. Shareholders of record on Thursday, September 4th will be paid a $0.15 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. Edgewell Personal Care's payout ratio is 44.44%.

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.