Charles Schwab Investment Management Inc. Increases Holdings 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. boosted its position in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 881,101 shares of the company's stock after acquiring an additional 64,059 shares during the period. Charles Schwab Investment Management Inc. owned 1.83% of Edgewell Personal Care worth $27,499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in Edgewell Personal Care by 238.5% in the first quarter. PNC Financial Services Group Inc. now owns 975 shares of the company's stock worth $30,000 after acquiring an additional 687 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Edgewell Personal Care by 805.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,531 shares of the company's stock worth $51,000 after acquiring an additional 1,362 shares in the last quarter. Blue Trust Inc. boosted its holdings in Edgewell Personal Care by 35.3% in the first quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock worth $97,000 after acquiring an additional 809 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Edgewell Personal Care by 24.1% in the first quarter. TD Private Client Wealth LLC now owns 3,533 shares of the company's stock worth $110,000 after acquiring an additional 686 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Edgewell Personal Care by 166.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,362 shares of the company's stock worth $147,000 after acquiring an additional 2,725 shares in the last quarter. Institutional investors own 91.91% of the company's stock.

Wall Street Analyst Weigh In

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

Edgewell Personal Care Stock Performance

Edgewell Personal Care stock traded down $0.4230 during mid-day trading on Monday, reaching $23.5370. 573,851 shares of the company's stock were exchanged, compared to its average volume of 980,100. The business's fifty day simple moving average is $24.36 and its 200 day simple moving average is $27.53. The firm has a market capitalization of $1.09 billion, a PE ratio of 17.43 and a beta of 0.81. Edgewell Personal Care Company has a one year low of $19.13 and a one year high of $40.71. 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 (NYSE:EPC - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). Edgewell Personal Care had a return on equity of 8.06% and a net margin of 2.94%.The firm had revenue of $627.20 million during the quarter, compared to analysts' expectations of $658.51 million. During the same period in the prior year, the business earned $1.22 earnings per share. The business's quarterly revenue was down 3.2% compared to the same quarter last year. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. On average, sell-side analysts expect that Edgewell Personal Care Company will post 3.16 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Thursday, September 4th will be given 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%.

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.