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Highlights:
- Blue Trust Inc. increased its stake in Edgewell Personal Care by 18.7%.
- Institutional investors own 91.91% of Edgewell Personal Care's stock.
- The company reported a strong earnings performance, exceeding expectations with a $0.72 EPS.
Edgewell Personal Care Co (NYSE:EPC), a key player in the personal care sector, has seen significant institutional involvement. Blue Trust Inc. raised its position by 18.7% in the fourth quarter, acquiring an additional 503 shares. This brings the total shares owned to 3,200, valued at $116,000 according to recent SEC filings.
Several other institutional investors have made notable changes to their positions in Edgewell Personal Care. Geode Capital Management LLC increased its holdings by 0.6% in the third quarter, now owning over a million shares. Charles Schwab Investment Management Inc. also raised its stake by 2.9%, and other firms like JPMorgan Chase & Co. and Allspring Global Investments Holdings LLC also expanded their holdings by significant percentages. Collectively, institutional investors now own nearly 92% of the company’s stock.
Stock Performance and Financial Outcomes
Edgewell Personal Care’s stock has seen some fluctuation in recent months, with recent trades opening at $32.02. The stock is navigating market dynamics with a 50-day moving average price of $34.07 and a 200-day moving average of $35.91. With a market capitalization standing at $1.56 billion and a price-to-earnings ratio of 16.34, the company is well-positioned in terms of financial performance.
Edgewell’s latest earnings report revealed an earnings per share (EPS) of $0.72 for the most recent quarter, surpassing the estimated $0.67. While the company’s revenue of $517.6 million slightly missed expectations, the strong EPS performance is a key indicator of the company’s ability to manage profitability. Despite a modest revenue contraction from the previous year, the company’s return on equity of 9.78% reflects strong management.
Market Insights
Edgewell Personal Care’s performance has garnered positive sentiment among market professionals, with ratings reflecting a favorable outlook for the company. The consensus is leaning towards a positive perspective, with an average price target of $39.80. Despite some adjustments in price targets by firms like UBS Group, Barclays, and Wells Fargo & Co., confidence in the company’s future trajectory remains strong.
About Edgewell Personal Care
Edgewell Personal Care is a leading player in the personal care industry, with a diversified portfolio spanning wet shaving, sun and skincare, feminine care, and infant care products. The company continues to innovate in product offerings, with a focus on engaging consumers in a wide variety of personal care categories.
