Bank of America Corp DE lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,588,190 shares of the company’s stock after selling 49,771 shares during the quarter. Bank of America Corp DE’s holdings in Church & Dwight were worth $137,588,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in CHD. Bartlett & Co. LLC lifted its stake in Church & Dwight by 937.5% during the second quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after purchasing an additional 1,800 shares during the last quarter. Signaturefd LLC bought a new position in Church & Dwight during the first quarter worth $106,000. Fort L.P. bought a new position in Church & Dwight during the second quarter worth $129,000. Piedmont Investment Advisors LLC bought a new position in Church & Dwight during the second quarter worth $148,000. Finally, Edge Wealth Management LLC lifted its stake in Church & Dwight by 5,600.0% during the second quarter. Edge Wealth Management LLC now owns 2,850 shares of the company’s stock worth $152,000 after purchasing an additional 2,800 shares during the last quarter. 85.04% of the stock is owned by institutional investors and hedge funds.
CHD stock opened at $59.55 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 2.60 and a beta of 0.38. Church & Dwight Co., Inc. has a 1 year low of $43.21 and a 1 year high of $59.74.
Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. analysts predict that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 15th were paid a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, August 14th. Church & Dwight’s payout ratio is 44.85%.
CHD has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and set a $55.00 price objective on shares of Church & Dwight in a research note on Sunday, June 10th. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, June 1st. ValuEngine upgraded Church & Dwight from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada raised their price objective on Church & Dwight to $60.00 and gave the stock a “fair value” rating in a research note on Friday, August 3rd. Finally, Stifel Nicolaus raised their price objective on Church & Dwight from $48.00 to $52.00 and gave the stock a “hold” rating in a research note on Friday, August 3rd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $54.00.
In other Church & Dwight news, Director Robert K. Shearer sold 16,718 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $57.82, for a total value of $966,634.76. Following the sale, the director now directly owns 45,826 shares in the company, valued at $2,649,659.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Louis Tursi sold 315,820 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $57.10, for a total value of $18,033,322.00. Following the completion of the sale, the vice president now owns 155,434 shares in the company, valued at $8,875,281.40. The disclosure for this sale can be found here. Insiders sold 510,691 shares of company stock worth $28,946,904 over the last quarter. 2.00% of the stock is currently owned by company insiders.
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.
Read More: Compound Annual Growth Rate (CAGR)
Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD).
Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.