Cetera Advisors LLC grew its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 27.6% in the first quarter, Holdings Channel reports. The fund owned 19,862 shares of the company’s stock after acquiring an additional 4,300 shares during the period. Cetera Advisors LLC’s holdings in Church & Dwight were worth $1,413,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in CHD. Vanguard Group Inc raised its stake in shares of Church & Dwight by 0.7% during the third quarter. Vanguard Group Inc now owns 27,786,142 shares of the company’s stock worth $1,649,662,000 after buying an additional 185,775 shares during the last quarter. BlackRock Inc. raised its stake in shares of Church & Dwight by 5.6% during the fourth quarter. BlackRock Inc. now owns 20,229,813 shares of the company’s stock worth $1,330,311,000 after buying an additional 1,071,381 shares during the last quarter. Morgan Stanley raised its stake in shares of Church & Dwight by 425.0% during the third quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock worth $284,736,000 after buying an additional 3,882,426 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Church & Dwight by 15,536.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,184,243 shares of the company’s stock worth $64,000 after buying an additional 4,157,484 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Church & Dwight by 13.4% during the fourth quarter. Geode Capital Management LLC now owns 3,403,820 shares of the company’s stock worth $223,470,000 after buying an additional 403,357 shares during the last quarter. 82.80% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on CHD shares. SunTrust Banks boosted their price target on shares of Church & Dwight from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Tuesday, April 9th. Jefferies Financial Group boosted their price target on shares of Church & Dwight from $74.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley raised shares of Church & Dwight from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, February 6th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $62.00 price target on shares of Church & Dwight in a research note on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. Church & Dwight presently has a consensus rating of “Hold” and an average price target of $67.89.
In other news, Director Bradley C. Irwin sold 13,172 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $72.58, for a total value of $956,023.76. Following the completion of the transaction, the director now owns 49,898 shares in the company, valued at $3,621,596.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Britta Bomhard sold 27,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $73.43, for a total transaction of $1,982,610.00. Following the completion of the transaction, the vice president now owns 32,219 shares of the company’s stock, valued at approximately $2,365,841.17. The disclosure for this sale can be found here. Insiders sold 88,172 shares of company stock valued at $6,451,754 in the last quarter. Corporate insiders own 2.00% of the company’s stock.
Shares of NYSE:CHD opened at $73.61 on Thursday. Church & Dwight Co., Inc. has a 52 week low of $45.55 and a 52 week high of $74.99. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 3.48 and a beta of 0.24.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, May 2nd. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Church & Dwight had a net margin of 14.02% and a return on equity of 24.62%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 2.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a $0.2275 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 40.09%.
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Church & Dwight Profile
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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