Hyman Charles D lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 3.1% during the 1st quarter, HoldingsChannel reports. The firm owned 6,300 shares of the company’s stock after selling 200 shares during the quarter. Hyman Charles D’s holdings in Church & Dwight were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Baron Silver Stevens Financial Advisors LLC purchased a new stake in Church & Dwight in the 4th quarter worth approximately $28,000. JFS Wealth Advisors LLC purchased a new position in shares of Church & Dwight during the 1st quarter valued at approximately $32,000. SOA Wealth Advisors LLC. purchased a new position in shares of Church & Dwight during the 4th quarter valued at approximately $35,000. Regent Peak Wealth Advisors LLC purchased a new position in shares of Church & Dwight during the 4th quarter valued at approximately $38,000. Finally, Kathmere Capital Management LLC purchased a new position in shares of Church & Dwight during the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 79.40% of the company’s stock.
In other Church & Dwight news, CMO Britta Bomhard sold 15,680 shares of the stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $83.55, for a total transaction of $1,310,064.00. Following the transaction, the chief marketing officer now owns 20,963 shares of the company’s stock, valued at approximately $1,751,458.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Craigie bought 6,000 shares of Church & Dwight stock in a transaction on Wednesday, February 24th. The shares were purchased at an average cost of $80.26 per share, for a total transaction of $481,560.00. Following the acquisition, the director now owns 9,832 shares in the company, valued at $789,116.32. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, April 29th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. Church & Dwight had a return on equity of 24.49% and a net margin of 16.44%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share. Analysts predict that Church & Dwight Co., Inc. will post 2.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Friday, May 14th will be paid a $0.2525 dividend. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $1.01 annualized dividend and a yield of 1.13%. Church & Dwight’s payout ratio is currently 40.89%.
A number of brokerages have recently issued reports on CHD. Morgan Stanley reiterated an “underweight” rating and set a $80.00 target price on shares of Church & Dwight in a research report on Monday, April 26th. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Monday, January 11th. JPMorgan Chase & Co. increased their price objective on Church & Dwight from $79.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, April 16th. Bank of America reduced their price objective on Church & Dwight from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Church & Dwight from $91.00 to $92.00 and gave the stock a “hold” rating in a research note on Tuesday, April 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $101.27.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry 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 analgesics 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; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; and cold remedy products under the ZICAM brand.
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