TCW Group Inc. lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.0% during the first quarter, Holdings Channel reports. The fund owned 29,384 shares of the company’s stock after selling 286 shares during the quarter. TCW Group Inc.’s holdings in Church & Dwight were worth $2,093,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cordasco Financial Network bought a new stake in Church & Dwight during the first quarter valued at $28,000. Pinnacle Bank bought a new position in shares of Church & Dwight during the 4th quarter worth about $33,000. Baystate Wealth Management LLC boosted its position in shares of Church & Dwight by 332.3% during the 1st quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock worth $39,000 after purchasing an additional 412 shares in the last quarter. Berman Capital Advisors LLC bought a new position in shares of Church & Dwight during the 4th quarter worth about $34,000. Finally, Penserra Capital Management LLC bought a new position in shares of Church & Dwight during the 1st quarter worth about $42,000. 82.11% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Bradley C. Irwin sold 13,172 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $72.58, for a total value of $956,023.76. Following the transaction, the director now owns 49,898 shares of the company’s stock, valued at approximately $3,621,596.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Britta Bomhard sold 27,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $73.43, for a total transaction of $1,982,610.00. Following the completion of the transaction, the vice president now directly owns 32,219 shares in the company, valued at approximately $2,365,841.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 159,516 shares of company stock worth $11,866,800. 2.00% of the stock is owned by insiders.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a research report on Thursday, May 30th. SunTrust Banks increased their price objective on shares of Church & Dwight to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Atlantic Securities cut shares of Church & Dwight from an “overweight” rating to a “neutral” rating in a research report on Monday, May 13th. BMO Capital Markets increased their price objective on shares of Church & Dwight to $75.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Co reissued a “hold” rating and set a $70.00 price objective on shares of Church & Dwight in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $67.94.
NYSE CHD traded up $0.22 during trading hours on Wednesday, hitting $76.91. The company’s stock had a trading volume of 21,759 shares, compared to its average volume of 1,628,498. Church & Dwight Co., Inc. has a 52 week low of $48.46 and a 52 week high of $79.22. The stock has a market cap of $19.20 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 3.67 and a beta of 0.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.45 and a current ratio of 0.81.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. Church & Dwight had a net margin of 14.02% and a return on equity of 24.62%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 2.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a $0.2275 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.91 annualized dividend and a yield of 1.18%. Church & Dwight’s payout ratio is 40.09%.
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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