US Bancorp DE Boosts Position in Edgewell Personal Care Co (EPC)

US Bancorp DE increased its stake in shares of Edgewell Personal Care Co (NYSE:EPC) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 48,112 shares of the company’s stock after buying an additional 1,949 shares during the quarter. US Bancorp DE’s holdings in Edgewell Personal Care were worth $2,857,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Edgewell Personal Care by 13.7% during the third quarter. JPMorgan Chase & Co. now owns 3,476,454 shares of the company’s stock worth $252,077,000 after purchasing an additional 419,403 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Edgewell Personal Care by 0.3% during the third quarter. Gamco Investors INC. ET AL now owns 2,084,655 shares of the company’s stock worth $151,700,000 after purchasing an additional 7,050 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Edgewell Personal Care by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 598,912 shares of the company’s stock worth $43,582,000 after purchasing an additional 35,893 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of Edgewell Personal Care by 22.2% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 392,044 shares of the company’s stock worth $23,283,000 after purchasing an additional 71,329 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Edgewell Personal Care by 19.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 352,891 shares of the company’s stock worth $20,959,000 after purchasing an additional 56,233 shares during the period. Institutional investors and hedge funds own 93.07% of the company’s stock.

In other news, CEO David P. Hatfield purchased 3,969 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $50.38 per share, with a total value of $199,958.22. Following the completion of the transaction, the chief executive officer now directly owns 18,619 shares in the company, valued at approximately $938,025.22. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, VP Anthony J. Bender purchased 1,450 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $50.02 per share, for a total transaction of $72,529.00. Following the transaction, the vice president now owns 14,359 shares of the company’s stock, valued at $718,237.18. The disclosure for this purchase can be found here. Insiders acquired 6,419 shares of company stock valued at $323,077 over the last quarter. Corporate insiders own 0.97% of the company’s stock.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Edgewell Personal Care from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays set a $47.00 price target on shares of Edgewell Personal Care and gave the stock a “sell” rating in a report on Saturday, February 10th. Morgan Stanley decreased their price target on shares of Edgewell Personal Care from $65.00 to $56.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Royal Bank of Canada restated a “buy” rating and set a $72.00 price target on shares of Edgewell Personal Care in a report on Friday, February 9th. Finally, Deutsche Bank decreased their price target on shares of Edgewell Personal Care from $65.00 to $53.00 and set a “hold” rating for the company in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $68.67.

Shares of Edgewell Personal Care Co (NYSE EPC) opened at $54.48 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.65 and a quick ratio of 1.87. The stock has a market cap of $2,752.80, a P/E ratio of -136.20, a price-to-earnings-growth ratio of 2.88 and a beta of 0.74. Edgewell Personal Care Co has a one year low of $46.83 and a one year high of $82.06.

Edgewell Personal Care (NYSE:EPC) last posted its earnings results on Thursday, February 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.37). The business had revenue of $468.30 million during the quarter, compared to analyst estimates of $470.63 million. Edgewell Personal Care had a negative net margin of 0.92% and a positive return on equity of 11.24%. Edgewell Personal Care’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. equities research analysts predict that Edgewell Personal Care Co will post 3.85 EPS for the current fiscal year.

Edgewell Personal Care declared that its board has approved a share buyback plan on Thursday, February 8th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: “US Bancorp DE Boosts Position in Edgewell Personal Care Co (EPC)” was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/02/15/us-bancorp-de-boosts-position-in-edgewell-personal-care-co-epc.html.

Edgewell Personal Care Company 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.

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 Co (NYSE:EPC).

Institutional Ownership by Quarter for Edgewell Personal Care (NYSE:EPC)

Receive News & Ratings for Edgewell Personal Care Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edgewell Personal Care and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply