BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 12.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,797 shares of the company's stock after selling 5,919 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Church & Dwight were worth $4,272,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Amalgamated Bank lifted its position in shares of Church & Dwight by 0.8% during the 3rd quarter. Amalgamated Bank now owns 50,056 shares of the company's stock valued at $5,242,000 after buying an additional 394 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Church & Dwight by 74.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company's stock valued at $7,032,000 after buying an additional 28,986 shares in the last quarter. Addenda Capital Inc. lifted its position in shares of Church & Dwight by 12.7% during the 2nd quarter. Addenda Capital Inc. now owns 56,723 shares of the company's stock valued at $5,881,000 after buying an additional 6,389 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Church & Dwight by 12.4% during the 2nd quarter. Hsbc Holdings PLC now owns 803,588 shares of the company's stock valued at $83,249,000 after buying an additional 88,580 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Church & Dwight by 9.1% during the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company's stock valued at $35,368,000 after buying an additional 28,129 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Trading Down 0.1 %
Shares of NYSE CHD traded down $0.06 during trading hours on Wednesday, hitting $109.90. 1,058,937 shares of the company traded hands, compared to its average volume of 1,397,868. The company's 50 day moving average price is $105.30 and its 200 day moving average price is $104.41. The stock has a market capitalization of $26.92 billion, a price-to-earnings ratio of 49.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.57. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50.
Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 EPS. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.
Church & Dwight Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight's dividend payout ratio is presently 50.67%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on CHD shares. Wells Fargo & Company boosted their price target on Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Barclays lowered their price target on Church & Dwight from $86.00 to $85.00 and set an "underweight" rating on the stock in a report on Tuesday, November 5th. Morgan Stanley cut Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price target on the stock. in a report on Monday, September 9th. TD Cowen boosted their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their price target on Church & Dwight from $98.00 to $99.00 and gave the stock an "underweight" rating in a report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $108.53.
Check Out Our Latest Analysis on CHD
Insider Activity
In related news, CEO Matthew Farrell sold 300,000 shares of Church & Dwight stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,704,740.96. This trade represents a 72.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Joseph James Longo sold 7,780 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the sale, the chief accounting officer now directly owns 400 shares of the company's stock, valued at approximately $44,976. This trade represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 583,033 shares of company stock valued at $61,221,493. Company insiders own 1.40% of the company's stock.
Church & Dwight Profile
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Free Report)
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. 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; 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 showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.
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