Allspring Global Investments Holdings LLC Boosts Stake in Edgewell Personal Care Co (NYSE:EPC)

Allspring Global Investments Holdings LLC grew its position in shares of Edgewell Personal Care Co (NYSE:EPC) by 274.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,085 shares of the company’s stock after purchasing an additional 36,723 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.10% of Edgewell Personal Care worth $1,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its stake in shares of Edgewell Personal Care by 9.7% in the third quarter. American Century Companies Inc. now owns 2,960,134 shares of the company’s stock worth $109,407,000 after acquiring an additional 262,499 shares in the last quarter. Brandes Investment Partners LP grew its stake in Edgewell Personal Care by 87.4% during the 3rd quarter. Brandes Investment Partners LP now owns 1,074,269 shares of the company’s stock worth $39,705,000 after purchasing an additional 501,032 shares in the last quarter. LSV Asset Management increased its holdings in Edgewell Personal Care by 4.7% during the 3rd quarter. LSV Asset Management now owns 883,354 shares of the company’s stock worth $32,649,000 after purchasing an additional 39,700 shares during the period. Charles Schwab Investment Management Inc. raised its position in Edgewell Personal Care by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,321 shares of the company’s stock valued at $25,403,000 after purchasing an additional 19,739 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Edgewell Personal Care by 11.1% in the 3rd quarter. Invesco Ltd. now owns 424,109 shares of the company’s stock valued at $15,675,000 after buying an additional 42,456 shares during the period. 91.91% of the stock is currently owned by hedge funds and other institutional investors.

Edgewell Personal Care Price Performance

EPC stock opened at $36.84 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.15 and a debt-to-equity ratio of 0.94. Edgewell Personal Care Co has a fifty-two week low of $33.71 and a fifty-two week high of $46.13. The business has a 50 day moving average price of $37.51 and a 200 day moving average price of $36.56. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 18.06 and a beta of 0.94.

Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Wednesday, February 7th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.18. Edgewell Personal Care had a net margin of 4.66% and a return on equity of 8.38%. The business had revenue of $488.90 million during the quarter, compared to analysts’ expectations of $481.41 million. During the same quarter in the prior year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Edgewell Personal Care Co will post 2.8 earnings per share for the current fiscal year.

Edgewell Personal Care Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. Edgewell Personal Care’s dividend payout ratio is presently 29.41%.

Wall Street Analyst Weigh In

EPC has been the topic of several analyst reports. Wells Fargo & Company raised their target price on shares of Edgewell Personal Care from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Barclays decreased their price objective on shares of Edgewell Personal Care from $39.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th.

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.