Church & Dwight Co., Inc. (NYSE:CHD) Stock Holdings Reduced by Qube Research & Technologies Ltd
Qube Research & Technologies Ltd lowered its position in Church & Dwight Co., Inc. (NYSE:CHD) by 62.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,674 shares of the company’s stock after selling 17,694 shares during the quarter. Qube Research & Technologies Ltd’s holdings in Church & Dwight were worth $780,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advocacy Wealth Management Services LLC purchased a new position in Church & Dwight in the second quarter valued at about $29,000. Baystate Wealth Management LLC grew its stake in Church & Dwight by 332.3% in the first quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock valued at $39,000 after purchasing an additional 412 shares in the last quarter. Private Ocean LLC purchased a new position in Church & Dwight in the first quarter valued at about $41,000. Penserra Capital Management LLC purchased a new position in Church & Dwight in the first quarter valued at about $42,000. Finally, Hudock Capital Group LLC purchased a new position in Church & Dwight in the first quarter valued at about $48,000. Hedge funds and other institutional investors own 81.63% of the company’s stock.
In related news, Director Robert D. Leblanc sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $78.34, for a total transaction of $783,400.00. Following the completion of the transaction, the director now owns 49,702 shares of the company’s stock, valued at approximately $3,893,654.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard A. Dierker sold 12,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $74.35, for a total value of $892,200.00. Following the transaction, the vice president now directly owns 19,589 shares of the company’s stock, valued at approximately $1,456,442.15. The disclosure for this sale can be found here. Insiders have sold a total of 55,084 shares of company stock valued at $4,248,398 in the last three months. 2.00% of the stock is owned by insiders.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Church & Dwight had a return on equity of 24.57% and a net margin of 14.24%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a dividend of $0.228 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.91 annualized dividend and a dividend yield of 1.15%. Church & Dwight’s dividend payout ratio is presently 40.09%.
A number of brokerages have commented on CHD. BMO Capital Markets boosted their target price on Church & Dwight to $75.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Stifel Nicolaus boosted their price target on Church & Dwight from $71.00 to $74.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Citigroup cut Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 price target for the company. in a research report on Thursday, May 2nd. Zacks Investment Research cut Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price target for the company. in a research report on Thursday, May 30th. Finally, SunTrust Banks boosted their price target on Church & Dwight to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Church & Dwight has an average rating of “Hold” and an average price target of $71.16.
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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