Cornercap Investment Counsel Inc. Buys Shares of 12,405 Edgewell Personal Care Co (NYSE:EPC)

Cornercap Investment Counsel Inc. bought a new stake in shares of Edgewell Personal Care Co (NYSE:EPC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,405 shares of the company’s stock, valued at approximately $451,000.

Several other institutional investors also recently bought and sold shares of EPC. Janney Montgomery Scott LLC bought a new position in Edgewell Personal Care during the first quarter valued at about $568,000. SG Americas Securities LLC increased its stake in shares of Edgewell Personal Care by 15.0% in the first quarter. SG Americas Securities LLC now owns 9,600 shares of the company’s stock worth $371,000 after purchasing an additional 1,255 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Edgewell Personal Care by 25.5% in the first quarter. Russell Investments Group Ltd. now owns 40,431 shares of the company’s stock worth $1,562,000 after purchasing an additional 8,214 shares during the period. ProShare Advisors LLC increased its stake in shares of Edgewell Personal Care by 6.1% in the first quarter. ProShare Advisors LLC now owns 10,051 shares of the company’s stock worth $388,000 after purchasing an additional 574 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Edgewell Personal Care by 2.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,897 shares of the company’s stock worth $886,000 after purchasing an additional 571 shares during the period. 91.91% of the stock is currently owned by institutional investors.

Edgewell Personal Care Stock Down 0.7 %

EPC stock opened at $34.73 on Friday. Edgewell Personal Care Co has a twelve month low of $33.27 and a twelve month high of $41.50. The company has a market cap of $1.71 billion, a PE ratio of 17.72 and a beta of 0.86. The business’s 50-day simple moving average is $35.56 and its 200 day simple moving average is $37.97. The company has a quick ratio of 0.81, a current ratio of 1.66 and a debt-to-equity ratio of 0.80.

Edgewell Personal Care (NYSE:EPC) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The company had revenue of $517.60 million for the quarter, compared to the consensus estimate of $535.23 million. Edgewell Personal Care had a return on equity of 9.78% and a net margin of 4.38%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. On average, research analysts anticipate that Edgewell Personal Care Co will post 3.21 earnings per share for the current year.

Edgewell Personal Care Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Tuesday, December 3rd. Edgewell Personal Care’s payout ratio is 30.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EPC shares. Truist Financial dropped their price objective on Edgewell Personal Care from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. UBS Group dropped their price objective on Edgewell Personal Care from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com lowered Edgewell Personal Care from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Barclays dropped their price objective on Edgewell Personal Care from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Edgewell Personal Care has an average rating of “Moderate Buy” and a consensus price target of $42.40.

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.