Unigestion Holding SA lessened its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 55.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,564 shares of the company’s stock after selling 214,408 shares during the period. Unigestion Holding SA owned about 0.07% of Church & Dwight worth $10,423,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in Church & Dwight during the 3rd quarter worth about $107,000. Bartlett & Co. LLC increased its holdings in Church & Dwight by 937.5% during the 2nd quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after purchasing an additional 1,800 shares in the last quarter. Global Trust Asset Management LLC bought a new position in Church & Dwight during the 3rd quarter worth about $142,000. Fort L.P. bought a new position in Church & Dwight during the 2nd quarter worth about $129,000. Finally, Piedmont Investment Advisors LLC bought a new position in Church & Dwight during the 2nd quarter worth about $148,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.
In related news, Director Robert K. Shearer sold 16,718 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $57.82, for a total value of $966,634.76. Following the completion of the sale, the director now directly owns 45,826 shares in the company, valued at approximately $2,649,659.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert D. Leblanc sold 17,544 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $55.90, for a total transaction of $980,709.60. Following the completion of the sale, the director now owns 66,903 shares of the company’s stock, valued at $3,739,877.70. The disclosure for this sale can be found here. Insiders sold a total of 650,082 shares of company stock valued at $39,909,666 in the last 90 days. 2.00% of the stock is owned by corporate insiders.
CHD has been the subject of a number of research reports. Morgan Stanley increased their target price on Church & Dwight from $46.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, August 3rd. Royal Bank of Canada increased their target price on Church & Dwight to $60.00 and gave the stock a “fair value” rating in a report on Friday, August 3rd. BMO Capital Markets increased their target price on Church & Dwight from $55.00 to $62.00 and gave the stock a “hold” rating in a report on Friday, November 2nd. Zacks Investment Research cut Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, JPMorgan Chase & Co. increased their target price on Church & Dwight from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.88.
Shares of NYSE CHD opened at $65.55 on Friday. The stock has a market capitalization of $16.28 billion, a PE ratio of 33.79, a P/E/G ratio of 2.87 and a beta of 0.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.93 and a quick ratio of 0.55. Church & Dwight Co., Inc. has a fifty-two week low of $43.96 and a fifty-two week high of $67.93.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. Church & Dwight’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 2.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be issued a $0.2175 dividend. This represents a $0.87 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Wednesday, November 14th. Church & Dwight’s payout ratio is 44.85%.
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About Church & Dwight
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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