BB&T Corp reduced its position in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 4.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,831 shares of the company’s stock after selling 2,552 shares during the period. BB&T Corp’s holdings in Church & Dwight were worth $3,208,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in CHD. Dimensional Fund Advisors LP increased its stake in Church & Dwight by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 845,647 shares of the company’s stock worth $37,373,000 after buying an additional 4,682 shares during the period. Thrivent Financial for Lutherans increased its stake in Church & Dwight by 7.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,020 shares of the company’s stock worth $399,000 after buying an additional 590 shares during the period. Teachers Advisors LLC increased its stake in Church & Dwight by 8.3% in the fourth quarter. Teachers Advisors LLC now owns 485,581 shares of the company’s stock worth $21,458,000 after buying an additional 37,140 shares during the period. Kentucky Retirement Systems acquired a new stake in Church & Dwight during the fourth quarter worth about $829,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Church & Dwight during the fourth quarter valued at $370,000. Hedge funds and other institutional investors own 80.62% of the company’s stock.
Church & Dwight Company, Inc. (NYSE:CHD) traded up 0.40% during trading on Friday, hitting $50.05. The company’s stock had a trading volume of 1,130,327 shares. The firm has a market cap of $12.49 billion, a P/E ratio of 29.60 and a beta of 0.57. Church & Dwight Company, Inc. has a 12 month low of $42.56 and a 12 month high of $54.18. The firm has a 50 day moving average of $51.83 and a 200 day moving average of $50.67.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The company had revenue of $898 million for the quarter, compared to analysts’ expectations of $903.87 million. During the same period in the previous year, the firm posted $0.85 EPS. Church & Dwight’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts predict that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, August 11th. Church & Dwight’s dividend payout ratio is currently 44.97%.
A number of research firms have commented on CHD. Jefferies Group LLC reissued a “buy” rating and issued a $59.00 target price on shares of Church & Dwight in a research report on Tuesday, June 13th. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. UBS AG reaffirmed a “sell” rating and issued a $46.00 price target (up previously from $45.00) on shares of Church & Dwight in a research note on Friday, May 5th. BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the company a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub raised Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.07.
In related news, Director Robert D. Leblanc sold 9,718 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the transaction, the director now directly owns 56,497 shares in the company, valued at $2,815,810.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $50.30, for a total value of $8,950,382.00. Following the completion of the sale, the executive vice president now directly owns 46,348 shares in the company, valued at approximately $2,331,304.40. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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