Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the 1st quarter, HoldingsChannel reports. The firm purchased 1,310 shares of the company’s stock, valued at approximately $93,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of CHD. Oregon Public Employees Retirement Fund grew its position in Church & Dwight by 15,536.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,184,243 shares of the company’s stock valued at $64,000 after buying an additional 4,157,484 shares during the period. Norges Bank bought a new position in Church & Dwight during the fourth quarter valued at about $110,532,000. Janus Henderson Group PLC grew its position in Church & Dwight by 95.5% during the first quarter. Janus Henderson Group PLC now owns 2,261,846 shares of the company’s stock valued at $161,112,000 after buying an additional 1,105,055 shares during the period. BlackRock Inc. grew its position in Church & Dwight by 5.6% during the fourth quarter. BlackRock Inc. now owns 20,229,813 shares of the company’s stock valued at $1,330,311,000 after buying an additional 1,071,381 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Church & Dwight by 70.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,640,801 shares of the company’s stock valued at $116,874,000 after buying an additional 677,488 shares during the period. Institutional investors own 82.11% of the company’s stock.
A number of brokerages have weighed in on CHD. Jefferies Financial Group increased their target price on shares of Church & Dwight from $74.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research report on Tuesday, April 9th. SunTrust Banks increased their target price on shares of Church & Dwight from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Deutsche Bank increased their target price on shares of Church & Dwight from $64.00 to $67.00 and gave the stock a “hold” rating in a research report on Friday, March 29th. Finally, Wells Fargo & Co reiterated a “hold” rating and set a $62.00 target price on shares of Church & Dwight in a research report on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company’s stock. Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $67.94.
NYSE:CHD traded up $0.14 on Wednesday, reaching $76.83. 467,784 shares of the company’s stock were exchanged, compared to its average volume of 1,628,498. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 0.60. Church & Dwight Co., Inc. has a 52 week low of $48.46 and a 52 week high of $79.22. The firm has a market capitalization of $19.20 billion, a PE ratio of 33.85, a P/E/G ratio of 3.67 and a beta of 0.25.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. Church & Dwight had a net margin of 14.02% and a return on equity of 24.62%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business earned $0.63 earnings per share. Church & Dwight’s revenue was up 3.8% compared to the same quarter last year. Analysts anticipate that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a $0.2275 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.18%. Church & Dwight’s dividend payout ratio (DPR) is currently 40.09%.
In related news, EVP Steven P. Cugine sold 15,540 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $78.63, for a total value of $1,221,910.20. Following the sale, the executive vice president now directly owns 30,866 shares of the company’s stock, valued at $2,426,993.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Britta Bomhard sold 27,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 32,219 shares in the company, valued at $2,365,841.17. The disclosure for this sale can be found here. Insiders sold 159,516 shares of company stock valued at $11,866,800 over the last 90 days. 2.00% of the stock is owned by company insiders.
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About Church & Dwight
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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