Advisors Asset Management Inc. Decreases Stake in Church & Dwight Company, Inc. (CHD)

Advisors Asset Management Inc. lowered its position in Church & Dwight Company, Inc. (NYSE:CHD) by 10.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,643 shares of the company’s stock after selling 534 shares during the period. Advisors Asset Management Inc.’s holdings in Church & Dwight were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CHD. Westside Investment Management Inc. purchased a new position in Church & Dwight in the 1st quarter valued at $149,000. Parallel Advisors LLC lifted its holdings in Church & Dwight by 53.5% in the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $161,000 after purchasing an additional 1,150 shares in the last quarter. Clean Yield Group purchased a new position in Church & Dwight in the 1st quarter valued at $178,000. Van ECK Associates Corp lifted its holdings in Church & Dwight by 8.2% in the 1st quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock valued at $190,000 after purchasing an additional 288 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in Church & Dwight in the 2nd quarter valued at $203,000. Institutional investors own 79.65% of the company’s stock.

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In other news, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the transaction, the executive vice president now directly owns 46,348 shares in the company, valued at approximately $2,331,304.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert D. Leblanc sold 9,718 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the sale, the director now owns 56,497 shares in the company, valued at $2,815,810.48. The disclosure for this sale can be found here. Insiders have sold 198,858 shares of company stock worth $9,996,631 over the last quarter. 2.00% of the stock is currently owned by company insiders.

CHD has been the topic of several analyst reports. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub upgraded Church & Dwight from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 price target (up previously from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Bank of America Corporation lifted their price target on Church & Dwight from $51.00 to $53.00 and gave the stock an “underperform” rating in a report on Monday, July 10th. Finally, KeyCorp reiterated a “hold” rating on shares of Church & Dwight in a report on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.07.

Shares of Church & Dwight Company, Inc. (NYSE CHD) opened at 49.64 on Friday. The company has a 50-day moving average of $50.39 and a 200 day moving average of $50.92. Church & Dwight Company, Inc. has a one year low of $42.56 and a one year high of $54.18. The stock has a market capitalization of $12.39 billion, a price-to-earnings ratio of 29.36 and a beta of 0.60.

Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The firm had revenue of $898.00 million for the quarter, compared to the consensus estimate of $903.87 million. During the same period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a dividend of $0.19 per share. The ex-dividend date was Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.53%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.

Church & Dwight 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.

Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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