Great West Life Assurance Co. Can lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 23.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 280,620 shares of the company’s stock after selling 87,473 shares during the period. Great West Life Assurance Co. Can owned approximately 0.11% of Church & Dwight Co. worth $14,529,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. bought a new stake in Church & Dwight Co. during the first quarter worth $149,000. Parallel Advisors LLC increased its stake in Church & Dwight Co. by 53.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $161,000 after buying an additional 1,150 shares during the last quarter. Clean Yield Group bought a new stake in Church & Dwight Co. during the first quarter worth $178,000. Van ECK Associates Corp increased its stake in Church & Dwight Co. by 8.2% in the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock worth $190,000 after buying an additional 288 shares during the last quarter. Finally, FTB Advisors Inc. increased its stake in Church & Dwight Co. by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock worth $195,000 after buying an additional 3,725 shares during the last quarter. Hedge funds and other institutional investors own 82.05% of the company’s stock.
Shares of Church & Dwight Co., Inc. (NYSE:CHD) opened at 50.29 on Tuesday. The company has a market capitalization of $12.53 billion, a P/E ratio of 27.48 and a beta of 0.57. The company’s 50 day moving average price is $52.83 and its 200 day moving average price is $50.32. Church & Dwight Co., Inc. has a 12 month low of $42.56 and a 12 month high of $54.18.
Church & Dwight Co. (NYSE:CHD) last posted its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Church & Dwight Co. had a return on equity of 15.45% and a net margin of 8.12%. The business had revenue of $898 million during the quarter, compared to analysts’ expectations of $903.87 million. During the same period in the previous year, the business earned $0.85 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Analysts expect that Church & Dwight Co., Inc. will post $1.93 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, August 11th. Church & Dwight Co.’s payout ratio is 44.97%.
A number of analysts have recently weighed in on the company. UBS AG reiterated a “sell” rating and set a $46.00 target price (up from $45.00) on shares of Church & Dwight Co. in a research report on Friday, May 5th. Zacks Investment Research downgraded Church & Dwight Co. from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Barclays PLC set a $49.00 target price on Church & Dwight Co. and gave the company a “sell” rating in a research report on Sunday. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 target price on shares of Church & Dwight Co. in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded Church & Dwight Co. from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. Church & Dwight Co. presently has a consensus rating of “Hold” and a consensus price target of $51.07.
Church & Dwight Co. 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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