Edgewell Personal Care Company $EPC Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its position in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 176.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,344 shares of the company's stock after purchasing an additional 166,204 shares during the quarter. Bank of America Corp DE owned 0.56% of Edgewell Personal Care worth $5,556,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EPC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Edgewell Personal Care by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,564 shares of the company's stock valued at $891,000 after buying an additional 931 shares during the period. Woodline Partners LP purchased a new position in Edgewell Personal Care during the 1st quarter valued at about $2,655,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Edgewell Personal Care by 16.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,127 shares of the company's stock valued at $3,656,000 after acquiring an additional 16,285 shares in the last quarter. Jane Street Group LLC increased its stake in Edgewell Personal Care by 80.6% during the first quarter. Jane Street Group LLC now owns 81,179 shares of the company's stock worth $2,534,000 after purchasing an additional 36,239 shares during the period. Finally, Norges Bank purchased a new stake in Edgewell Personal Care during the second quarter worth about $214,000. 91.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on EPC shares. Royal Bank Of Canada raised their price objective on shares of Edgewell Personal Care from $26.00 to $35.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Wells Fargo & Company increased their target price on shares of Edgewell Personal Care from $24.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday, July 8th. UBS Group raised their price target on shares of Edgewell Personal Care from $29.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Barclays boosted their price target on shares of Edgewell Personal Care from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $31.00 price objective on Edgewell Personal Care in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $31.83.

Edgewell Personal Care Trading Up 0.2%

Shares of NYSE:EPC opened at $28.69 on Friday. Edgewell Personal Care Company has a 52 week low of $15.73 and a 52 week high of $29.95. The company's 50 day moving average is $27.57 and its two-hundred day moving average is $23.18. The company has a market cap of $1.32 billion, a PE ratio of -14.35 and a beta of 0.39. The company has a current ratio of 1.84, a quick ratio of 1.12 and a debt-to-equity ratio of 0.85.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.08. The business had revenue of $570.10 million during the quarter, compared to analysts' expectations of $574.87 million. Edgewell Personal Care had a negative net margin of 4.55% and a positive return on equity of 5.76%. The company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. Edgewell Personal Care has set its FY 2026 guidance at 1.800-2.000 EPS. Equities analysts predict that Edgewell Personal Care Company will post 1.94 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 9th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Edgewell Personal Care's dividend payout ratio is presently -30.00%.

Edgewell Personal Care Profile

Edgewell Personal Care Inc, incorporated in 2015 and headquartered in Shelton, Connecticut, is a global consumer products company specializing in personal care, sun care, shaving and feminine care solutions. The company emerged as a spin-off from Energizer Holdings' personal care division, listing its shares on the New York Stock Exchange under the ticker “EPC.” Edgewell's portfolio comprises well-known brands that cater to everyday personal grooming and protection needs.

In the shaving segment, Edgewell markets razors and refill blades under brands such as Schick and Wilkinson Sword, targeting both men's and women's grooming categories.

Want to see what other hedge funds are holding EPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edgewell Personal Care Company (NYSE:EPC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source