Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Edgewell Personal Care Company (NYSE:EPC – Free Report) by 291.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 46,867 shares of the company’s stock after purchasing an additional 34,906 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.10% of Edgewell Personal Care worth $954,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Edgestream Partners L.P. purchased a new stake in shares of Edgewell Personal Care in the second quarter valued at about $1,690,000. Campbell & CO Investment Adviser LLC lifted its position in shares of Edgewell Personal Care by 327.9% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 52,759 shares of the company’s stock worth $1,235,000 after buying an additional 40,429 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Edgewell Personal Care by 45.4% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 68,693 shares of the company’s stock worth $1,608,000 after buying an additional 21,449 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Edgewell Personal Care by 197.3% in the third quarter. SG Americas Securities LLC now owns 46,441 shares of the company’s stock valued at $946,000 after acquiring an additional 30,820 shares in the last quarter. Finally, Brandes Investment Partners LP grew its holdings in shares of Edgewell Personal Care by 40.0% in the second quarter. Brandes Investment Partners LP now owns 4,597,685 shares of the company’s stock valued at $107,632,000 after acquiring an additional 1,313,248 shares in the last quarter. 91.91% of the stock is owned by hedge funds and other institutional investors.
Edgewell Personal Care Trading Up 3.0%
Shares of Edgewell Personal Care stock opened at $19.46 on Friday. The stock has a market capitalization of $909.17 million, a P/E ratio of 37.42 and a beta of 0.61. Edgewell Personal Care Company has a 52-week low of $15.88 and a 52-week high of $33.81. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.90 and a current ratio of 1.76. The stock’s 50-day simple moving average is $17.82 and its 200 day simple moving average is $20.25.
Edgewell Personal Care Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 4th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, December 4th. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. Edgewell Personal Care’s dividend payout ratio is currently 115.38%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Barclays cut their price objective on Edgewell Personal Care from $22.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Edgewell Personal Care in a research note on Monday, December 29th. Morgan Stanley cut their price target on shares of Edgewell Personal Care from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 18th. Royal Bank Of Canada decreased their price objective on shares of Edgewell Personal Care from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Finally, Zacks Research raised shares of Edgewell Personal Care from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $22.67.
View Our Latest Research Report on Edgewell Personal Care
About Edgewell Personal Care
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.
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