Edgewell Personal Care Company $EPC Shares Bought by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its holdings in Edgewell Personal Care by 38.6%, owning approximately 0.12% of the company valued at $1.7 million after acquiring additional shares.
• Edgewell Personal Care reported lower-than-expected earnings for the quarter, with an EPS of $0.92 missing estimates by $0.09 and revenue down 3.2% year-over-year.
• Despite recent analyst upgrades and downgrades, the company's average target price is $29.29, and it currently carries a consensus rating of "Hold."

Voya Investment Management LLC raised its holdings in shares of Edgewell Personal Care Company (NYSE:EPC - Free Report) by 38.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,720 shares of the company's stock after acquiring an additional 15,248 shares during the quarter. Voya Investment Management LLC owned approximately 0.12% of Edgewell Personal Care worth $1,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Edgewell Personal Care by 4,732.4% during the 1st quarter. GAMMA Investing LLC now owns 23,002 shares of the company's stock valued at $737,000 after acquiring an additional 22,526 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Edgewell Personal Care by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,986 shares of the company's stock valued at $561,000 after acquiring an additional 517 shares in the last quarter. Blue Trust Inc. increased its holdings in 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 acquiring an additional 809 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Edgewell Personal Care by 2.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,633 shares of the company's stock valued at $928,000 after acquiring an additional 702 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Edgewell Personal Care by 1.3% during the 1st quarter. Invesco Ltd. now owns 435,529 shares of the company's stock valued at $13,593,000 after acquiring an additional 5,401 shares in the last quarter. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Zacks Research downgraded shares of Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. Canaccord Genuity Group dropped their target price on shares of Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. UBS Group lowered their price target on shares of Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Barclays lowered their price target on shares of Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Finally, Morgan Stanley upgraded shares of Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $26.00 to $23.00 in a report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Edgewell Personal Care presently has a consensus rating of "Hold" and an average target price of $29.29.

Edgewell Personal Care Stock Performance

Shares of NYSE EPC opened at $19.99 on Tuesday. The company has a market cap of $928.74 million, a PE ratio of 14.81 and a beta of 0.85. Edgewell Personal Care Company has a 12 month low of $19.13 and a 12 month high of $38.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.77 and a quick ratio of 0.91. The company has a 50-day simple moving average of $23.56 and a 200-day simple moving average of $26.40.

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 net margin of 2.94% and a return on equity of 8.06%. The company had revenue of $627.20 million during the quarter, compared to analysts' expectations of $658.51 million. During the same quarter in the previous year, the firm posted $1.22 earnings per share. Edgewell Personal Care's revenue for the quarter 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, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Thursday, September 4th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, September 4th. Edgewell Personal Care's payout ratio is presently 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.

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