Asset Advisors Corp cut its position in Church & Dwight Company, Inc. (NYSE:CHD) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320,450 shares of the company’s stock after selling 2,200 shares during the period. Church & Dwight makes up 3.0% of Asset Advisors Corp’s portfolio, making the stock its 6th largest position. Asset Advisors Corp owned about 0.13% of Church & Dwight worth $16,625,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Church & Dwight by 4.0% in the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock valued at $1,368,388,000 after buying an additional 1,054,013 shares during the last quarter. BlackRock Inc. raised its stake in Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after buying an additional 18,639,877 shares during the last quarter. State Street Corp raised its stake in Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock valued at $736,228,000 after buying an additional 2,769,003 shares during the last quarter. Geode Capital Management LLC raised its stake in Church & Dwight by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock valued at $144,473,000 after buying an additional 208,604 shares during the last quarter. Finally, Swiss National Bank raised its stake in Church & Dwight by 13.1% in the first quarter. Swiss National Bank now owns 2,209,816 shares of the company’s stock valued at $110,204,000 after buying an additional 255,900 shares during the last quarter. 82.05% of the stock is owned by institutional investors.
Church & Dwight Company, Inc. (CHD) opened at 49.92 on Thursday. The company has a 50-day moving average of $52.40 and a 200 day moving average of $50.50. Church & Dwight Company, Inc. has a one year low of $42.56 and a one year high of $54.18. The firm has a market cap of $12.44 billion, a P/E ratio of 27.28 and a beta of 0.57.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $903.87 million. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts expect that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, August 11th. Church & Dwight’s dividend payout ratio is currently 44.97%.
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Several equities analysts have recently issued reports on the stock. Jefferies Group LLC restated a “buy” rating and set a $58.00 price objective (up previously from $54.00) on shares of Church & Dwight in a report on Tuesday, April 18th. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Wednesday, May 10th. Finally, BidaskClub upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.07.
In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 owns 46,348 shares in the company, valued at $2,331,304.40. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is currently owned by insiders.
Church & Dwight Company Profile
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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