Dividend Assets Capital LLC lessened its stake in Church & Dwight Company, Inc. (NYSE:CHD) by 8.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,272 shares of the company’s stock after selling 9,475 shares during the quarter. Dividend Assets Capital LLC’s holdings in Church & Dwight were worth $4,761,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ballentine Partners LLC purchased a new position in shares of Church & Dwight in the 3rd quarter valued at about $299,000. HM Payson & Co. acquired a new stake in Church & Dwight in the 3rd quarter valued at about $310,000. Sei Investments Co. grew its stake in Church & Dwight by 5.4% in the 3rd quarter. Sei Investments Co. now owns 138,473 shares of the company’s stock valued at $6,709,000 after acquiring an additional 7,110 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Church & Dwight by 14.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 210,770 shares of the company’s stock valued at $10,212,000 after acquiring an additional 27,134 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC grew its stake in Church & Dwight by 30.3% in the 3rd quarter. WESPAC Advisors SoCal LLC now owns 10,750 shares of the company’s stock valued at $520,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.
In other news, VP Steven J. Katz sold 11,200 shares of Church & Dwight stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $50.17, for a total transaction of $561,904.00. Following the sale, the vice president now owns 4,458 shares in the company, valued at $223,657.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard A. Dierker acquired 1,146 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $43.66 per share, for a total transaction of $50,034.36. Following the purchase, the chief financial officer now directly owns 6,411 shares of the company’s stock, valued at $279,904.26. The disclosure for this purchase can be found here. Insiders have bought 6,546 shares of company stock worth $288,772 in the last quarter. Insiders own 2.00% of the company’s stock.
Church & Dwight Company, Inc. (NYSE CHD) traded up $0.79 during midday trading on Tuesday, reaching $45.54. 2,189,600 shares of the company traded hands, compared to its average volume of 1,694,835. Church & Dwight Company, Inc. has a 52-week low of $42.56 and a 52-week high of $54.18. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.05 and a quick ratio of 0.70. The stock has a market capitalization of $11,184.16, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.62 and a beta of 0.54.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The firm had revenue of $967.90 million for the quarter, compared to analyst estimates of $937.20 million. During the same quarter last year, the firm posted $0.47 earnings per share. Church & Dwight’s revenue for the quarter was up 11.2% compared to the same quarter last year. sell-side analysts anticipate that Church & Dwight Company, Inc. will post 1.92 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.67%. Church & Dwight’s dividend payout ratio is currently 43.68%.
Church & Dwight announced that its Board of Directors has initiated a share repurchase program on Thursday, November 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
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A number of brokerages recently commented on CHD. UBS AG reissued a “sell” rating and issued a $48.00 price objective (up from $46.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. BMO Capital Markets set a $50.00 price target on shares of Church & Dwight and gave the stock a “hold” rating in a research note on Monday, July 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 price target (up from $60.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Barclays PLC set a $49.00 price target on shares of Church & Dwight and gave the stock a “sell” rating in a research note on Sunday, August 6th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $49.49.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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