Aviva PLC decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,399 shares of the company’s stock after selling 5,249 shares during the quarter. Aviva PLC’s holdings in Church & Dwight were worth $7,089,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of CHD. Harvest Fund Management Co. Ltd bought a new position in shares of Church & Dwight during the 3rd quarter worth $107,000. Fort L.P. bought a new stake in Church & Dwight during the second quarter valued at about $129,000. Girard Partners LTD. bought a new stake in Church & Dwight during the third quarter valued at about $141,000. Global Trust Asset Management LLC bought a new stake in Church & Dwight during the third quarter valued at about $142,000. Finally, Piedmont Investment Advisors LLC bought a new stake in Church & Dwight during the second quarter valued at about $148,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.
Church & Dwight stock opened at $66.60 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.93 and a quick ratio of 0.55. Church & Dwight Co., Inc. has a one year low of $44.87 and a one year high of $67.93. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 2.89 and a beta of 0.34.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the business posted $0.49 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts predict that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th were paid a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Wednesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 44.85%.
In other Church & Dwight news, EVP Steven P. Cugine sold 15,000 shares of the stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $64.39, for a total value of $965,850.00. Following the completion of the sale, the executive vice president now directly owns 43,948 shares in the company, valued at $2,829,811.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Craigie sold 300,000 shares of the stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $66.43, for a total value of $19,929,000.00. Following the completion of the sale, the director now owns 327,577 shares of the company’s stock, valued at $21,760,940.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 346,780 shares of company stock valued at $22,971,597. 2.00% of the stock is currently owned by company insiders.
A number of equities research analysts recently weighed in on CHD shares. ValuEngine raised Church & Dwight from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Jefferies Financial Group raised their price objective on Church & Dwight from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, October 29th. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Monday, November 12th. BMO Capital Markets raised their price objective on Church & Dwight from $55.00 to $62.00 and gave the company a “hold” rating in a research report on Friday, November 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Church & Dwight from $58.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.12.
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Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing 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 analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.
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