Symphony Asset Management LLC trimmed its position in Church & Dwight Company, Inc. (NYSE:CHD) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,486 shares of the company’s stock after selling 1,736 shares during the quarter. Symphony Asset Management LLC’s holdings in Church & Dwight were worth $2,153,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in CHD. BlackRock Inc. raised its holdings in shares of Church & Dwight by 2,267.4% in the 1st quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after purchasing an additional 18,639,877 shares in the last quarter. State Street Corp raised its holdings in shares of Church & Dwight by 23.1% in the 1st quarter. State Street Corp now owns 14,762,551 shares of the company’s stock valued at $736,228,000 after purchasing an additional 2,769,003 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Church & Dwight by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock valued at $1,368,388,000 after purchasing an additional 1,054,013 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Church & Dwight by 974.9% in the 1st quarter. Renaissance Technologies LLC now owns 692,230 shares of the company’s stock valued at $34,522,000 after purchasing an additional 627,830 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Church & Dwight by 48.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,487,434 shares of the company’s stock valued at $77,168,000 after purchasing an additional 486,634 shares in the last quarter. Institutional investors and hedge funds own 79.65% of the company’s stock.
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A number of equities research analysts have recently weighed in on CHD shares. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a report on Wednesday, June 7th. KeyCorp restated a “hold” rating on shares of Church & Dwight in a report on Friday, August 25th. BidaskClub upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. UBS AG restated a “sell” rating and issued a $48.00 price objective (up from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $45.00 price objective on shares of Church & Dwight in a report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Church & Dwight presently has a consensus rating of “Hold” and an average price target of $51.07.
Church & Dwight Company, Inc. (CHD) traded up 0.24% on Tuesday, hitting $49.74. 77,934 shares of the company were exchanged. Church & Dwight Company, Inc. has a 52-week low of $42.56 and a 52-week high of $54.18. The firm has a 50 day moving average of $50.75 and a 200-day moving average of $50.95. The stock has a market cap of $12.41 billion, a PE ratio of 29.41 and a beta of 0.60.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The company had revenue of $898 million for the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. On average, equities analysts expect that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. Church & Dwight’s dividend payout ratio (DPR) is 44.97%.
In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the sale, the executive vice president now directly owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Steven J. Katz sold 11,200 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $50.17, for a total transaction of $561,904.00. Following the sale, the vice president now directly owns 4,458 shares in the company, valued at $223,657.86. The disclosure for this sale can be found here. Insiders have sold 198,858 shares of company stock worth $9,996,631 over the last three months. 2.00% of the stock is owned by corporate insiders.
Church & Dwight 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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