Avalon Investment & Advisory reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 22.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,677 shares of the company’s stock after selling 13,539 shares during the period. Avalon Investment & Advisory’s holdings in Church & Dwight were worth $3,608,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Capital International Investors raised its position in shares of Church & Dwight by 16.3% during the 1st quarter. Capital International Investors now owns 15,695,889 shares of the company’s stock valued at $1,007,362,000 after buying an additional 2,203,212 shares during the period. Massachusetts Financial Services Co. MA raised its position in Church & Dwight by 124.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,822,108 shares of the company’s stock valued at $245,303,000 after purchasing an additional 2,122,684 shares during the period. Invesco Ltd. raised its position in Church & Dwight by 44.9% in the first quarter. Invesco Ltd. now owns 3,674,437 shares of the company’s stock valued at $235,825,000 after purchasing an additional 1,139,350 shares during the period. APG Asset Management N.V. raised its position in Church & Dwight by 113.0% in the first quarter. APG Asset Management N.V. now owns 1,659,182 shares of the company’s stock valued at $105,253,000 after purchasing an additional 880,126 shares during the period. Finally, Champlain Investment Partners LLC purchased a new stake in Church & Dwight in the first quarter valued at approximately $36,616,000. Institutional investors and hedge funds own 81.40% of the company’s stock.
A number of analysts have issued reports on the company. Credit Suisse Group boosted their target price on Church & Dwight from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Citigroup boosted their target price on Church & Dwight from $75.00 to $102.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Jefferies Financial Group boosted their target price on Church & Dwight from $86.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Oppenheimer boosted their price target on shares of Church & Dwight from $88.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, SunTrust Banks boosted their price target on shares of Church & Dwight from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Church & Dwight presently has an average rating of “Hold” and a consensus target price of $88.27.
In other news, CAO Steven J. Katz sold 11,400 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $93.84, for a total value of $1,069,776.00. Following the completion of the sale, the chief accounting officer now directly owns 12,658 shares in the company, valued at $1,187,826.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richard A. Dierker sold 78,070 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $93.85, for a total transaction of $7,326,869.50. Following the completion of the sale, the vice president now owns 85,723 shares of the company’s stock, valued at $8,045,103.55. The disclosure for this sale can be found here. Insiders sold 242,593 shares of company stock valued at $21,163,236 over the last 90 days. 2.00% of the stock is owned by corporate insiders.
Shares of NYSE CHD traded up $0.23 during midday trading on Thursday, reaching $96.52. The company’s stock had a trading volume of 15,529 shares, compared to its average volume of 1,577,576. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average price of $87.62 and a 200 day moving average price of $75.93. Church & Dwight Co., Inc. has a one year low of $47.98 and a one year high of $97.15. The company has a market cap of $23.86 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 3.87 and a beta of 0.40.
Church & Dwight (NYSE:CHD) last released its earnings results on Friday, July 31st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Church & Dwight had a net margin of 15.70% and a return on equity of 25.58%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. Research analysts anticipate that Church & Dwight Co., Inc. will post 2.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, August 13th. Church & Dwight’s payout ratio is 38.87%.
Church & Dwight Company Profile
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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