Comerica Bank decreased its holdings in Edgewell Personal Care Co (NYSE: EPC) by 11.6% during the third quarter, according to the most recent filing with the Securities and Exchange Commission (SEC). Following the completion of a transaction during the quarter in which 5,220 shares of the company’s stock were sold, the institutional investor now holds a total of 39,678 of those shares. Comerica Bank reportedly owns approximately 0.08% of Edgewell Personal Care, which has a value of approximately $1,560,000, as stated in the most recent report submitted to the Securities and Exchange Commission (SEC).
Over the past few months, several other institutional investors and hedge funds have traded purchases and sales of EPC stock. During the second quarter, Price T. Rowe Associates Inc. (MD) raised the amount of Edgewell Personal Care stock that it owned to 0.8% of the company’s total value. Price T. Rowe Associates Inc., MD, now owns 238 additional shares in the company after purchasing an additional 30,227 shares during the most recent quarter for a total value of $1,043,000. These new purchases brought the company’s total number of shares owned by Price T. Rowe Associates Inc., MD, to 249. EMC Capital Management increased the number of Edgewell Personal Care shares that it held by 11.0% during the year’s second quarter. EMC Capital Management now has 3,039 shares in the company after purchasing an additional 300 shares during the most recent quarter. The value of EMC Capital Management’s stock holdings in the company currently is $105,000. During the second quarter, Exchange Traded Concepts LLC achieved a 2.3% increase in the amount of Edgewell Personal Care stock it owned, thanks to the company’s successful stock purchases. Exchange Traded Concepts LLC now holds 14,017 shares of the company’s stock, which have a value of $484,000, following the purchase of an additional 320 shares during the most recent quarter of the fiscal year. Great West Life Assurance Company of Canada increased the amount of Edgewell Personal Care stock owned by 1.0% over the first three months of 2018. Great West Life Assurance Company now has 49,169 shares, valued at $1,854,000, after purchasing an additional 483 shares during the preceding quarter.
Last but not least, Advisor Group Holdings Inc. increased its holdings in Edgewell Personal Care by 42.3% during the first three months of this year. This certainly should not be considered the least important development. After making an additional purchase of 563 shares during the most recent fiscal quarter, Advisor Group Holdings Inc. now has a total of 1,895 shares, valued at $70,000. This brings the total number of shares the company owns to 1,895. The company’s equity is owned by institutions to 94.46%, making up 94.46% of the total.
Several equity analysts were recently asked for their thoughts on EPC stock, and many of them responded. In a research report released on Friday, November 11, Morgan Stanley lowered their price target on Edgewell Personal Care stock from $36.00 to $35.00 and categorized the company’s stock as “underweight.” This move came after the firm had set its price target at $36.00. On November 16, the day that Canaccord Genuity Group began covering the company, the firm published the first research report that it had conducted on Edgewell Personal Care. They suggested that an interested party purchase the company. Barclays increased their price objective on Edgewell Personal Care from $31.00 to $35.00 and rated the company “underweight.” This information was included in a research note that was published on November 14. Goldman Sachs Group lowered their price target for Edgewell Personal Care from $47.00 to $42.00. It downgraded the company from a “buy” rating to a “neutral” rating in a report published on Tuesday, October 25. StockNews.com finally made its highly anticipated debut in the personal care industry on October 12, when it started reporting on shares of Edgewell Personal Care. They recommended that shareholders “hold” their shares of the company. Three research analysts advocate for purchasing the company’s shares; two suggest investors maintain their current holdings in the stock; and two research analysts suggest investors sell their shares. The company currently has a consensus target price of $40.80, and the average recommendation is “Hold.” This information was obtained from statistics provided by Bloomberg.
On Friday, the opening price of a share on the NYSE EPC was $41.14 per share. The company’s stock has a price-to-earnings ratio of 22.36 and a beta value of 0.94. The market capitalization of the company’s stock is $2.12 billion. The moving average for the stock over the past 50 days is $40.38, and the moving average over the past 200 days is $39.51, respectively. There is a debt-to-equity ratio of 0.95, a quick ratio of 0.90, a current ratio of 1.72, and a quick ratio of 1.72. The ratios for all three categories are on the low side. At that time, Edgewell Personal Care Co.’s 52-week low stock price was $32.00, while the company’s 52-week high stock price was $48.28.
On November 10, the most recent quarterly earnings report for Edgewe.
