Wells Fargo & Company MN Increases Stock Position in Edgewell Personal Care Co (NYSE:EPC)

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Wells Fargo & Company MN grew its position in Edgewell Personal Care Co (NYSE:EPC) by 94.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,639 shares of the company’s stock after purchasing an additional 71,245 shares during the period. Wells Fargo & Company MN’s holdings in Edgewell Personal Care were worth $3,952,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. NumerixS Investment Technologies Inc increased its holdings in Edgewell Personal Care by 24.2% during the first quarter. NumerixS Investment Technologies Inc now owns 3,974 shares of the company’s stock worth $174,000 after buying an additional 774 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Edgewell Personal Care during the 1st quarter valued at $209,000. Group One Trading L.P. bought a new position in Edgewell Personal Care in the 1st quarter worth about $235,000. GAM Holding AG bought a new position in Edgewell Personal Care in the 1st quarter worth about $353,000. Finally, Harbour Capital Advisors LLC bought a new position in Edgewell Personal Care in the 2nd quarter worth about $220,000. Institutional investors own 94.52% of the company’s stock.

In other Edgewell Personal Care news, insider John N. Hill purchased 7,000 shares of Edgewell Personal Care stock in a transaction dated Thursday, August 29th. The stock was purchased at an average price of $28.18 per share, with a total value of $197,260.00. Following the transaction, the insider now directly owns 29,808 shares of the company’s stock, valued at $839,989.44. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director R David Hoover purchased 4,000 shares of Edgewell Personal Care stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $31.40 per share, with a total value of $125,600.00. Following the transaction, the director now directly owns 25,885 shares in the company, valued at $812,789. The disclosure for this purchase can be found here. 0.99% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on EPC. TheStreet cut shares of Edgewell Personal Care from a “c” rating to a “d” rating in a research note on Wednesday, August 7th. Morgan Stanley dropped their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 3rd. SunTrust Banks upgraded shares of Edgewell Personal Care from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $40.00 in a research note on Monday, July 8th. Bank of America reiterated a “neutral” rating and issued a $34.00 price target (up previously from $30.00) on shares of Edgewell Personal Care in a research note on Wednesday, August 7th. Finally, Wells Fargo & Co reiterated a “hold” rating and issued a $30.00 price target on shares of Edgewell Personal Care in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $39.91.

EPC traded up $0.74 during midday trading on Friday, hitting $31.78. 1,124,035 shares of the company traded hands, compared to its average volume of 501,715. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.72 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 3.39 and a beta of 0.82. The company’s 50-day moving average is $30.00 and its 200 day moving average is $34.16. Edgewell Personal Care Co has a 52 week low of $26.36 and a 52 week high of $48.90.

Edgewell Personal Care (NYSE:EPC) last posted its earnings results on Tuesday, August 6th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.17. The business had revenue of $609.20 million for the quarter, compared to analysts’ expectations of $610.26 million. Edgewell Personal Care had a negative net margin of 17.40% and a positive return on equity of 12.23%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. On average, sell-side analysts predict that Edgewell Personal Care Co will post 3.46 earnings per share for the current fiscal year.

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

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