Bank of America Corp DE trimmed its position in Church & Dwight Co., Inc. (NYSE:CHD) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,588,190 shares of the company’s stock after selling 49,771 shares during the period. Bank of America Corp DE owned about 1.05% of Church & Dwight worth $137,588,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its holdings in shares of Church & Dwight by 24.0% during the 2nd quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock worth $485,000 after acquiring an additional 1,765 shares during the period. Suntrust Banks Inc. lifted its holdings in shares of Church & Dwight by 15.0% during the 1st quarter. Suntrust Banks Inc. now owns 17,404 shares of the company’s stock worth $875,000 after acquiring an additional 2,267 shares during the period. BP PLC purchased a new position in shares of Church & Dwight during the 2nd quarter worth about $1,701,000. Goodman Financial Corp lifted its holdings in shares of Church & Dwight by 7.9% during the 2nd quarter. Goodman Financial Corp now owns 128,843 shares of the company’s stock worth $6,849,000 after acquiring an additional 9,395 shares during the period. Finally, Iberiabank Corp lifted its holdings in shares of Church & Dwight by 20.9% during the 2nd quarter. Iberiabank Corp now owns 6,339 shares of the company’s stock worth $337,000 after acquiring an additional 1,094 shares during the period. Institutional investors own 85.04% of the company’s stock.
CHD opened at $59.55 on Friday. The company has a market cap of $14.58 billion, a P/E ratio of 30.70, a price-to-earnings-growth ratio of 2.60 and a beta of 0.38. Church & Dwight Co., Inc. has a 1 year low of $43.21 and a 1 year high of $59.74. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.46.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Wednesday, August 15th were given a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 44.85%.
In related news, Director Robert K. Shearer sold 16,718 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $57.82, for a total transaction of $966,634.76. Following the completion of the sale, the director now owns 45,826 shares of the company’s stock, valued at approximately $2,649,659.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Louis Tursi sold 315,820 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $57.10, for a total transaction of $18,033,322.00. Following the completion of the sale, the vice president now directly owns 155,434 shares of the company’s stock, valued at approximately $8,875,281.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 510,691 shares of company stock valued at $28,946,904. Corporate insiders own 2.00% of the company’s stock.
CHD has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price objective on shares of Church & Dwight in a report on Sunday, June 10th. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Friday, June 1st. ValuEngine upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada increased their price objective on shares of Church & Dwight to $60.00 and gave the stock a “fair value” rating in a report on Friday, August 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Church & Dwight from $48.00 to $52.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $54.00.
Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.
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