Dai Ichi Life Insurance Company Ltd Has $2.84 Million Stake in Church & Dwight Company, Inc. (CHD)
Dai Ichi Life Insurance Company Ltd trimmed its holdings in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,802 shares of the company’s stock after selling 3,390 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Church & Dwight were worth $2,843,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Capital Fund Management S.A. purchased a new position in shares of Church & Dwight during the 2nd quarter worth approximately $669,000. Alliancebernstein L.P. raised its stake in shares of Church & Dwight by 0.7% during the 2nd quarter. Alliancebernstein L.P. now owns 457,815 shares of the company’s stock worth $23,751,000 after buying an additional 3,099 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of Church & Dwight during the 2nd quarter worth approximately $2,919,000. Franklin Resources Inc. raised its stake in shares of Church & Dwight by 48.6% during the 2nd quarter. Franklin Resources Inc. now owns 1,487,434 shares of the company’s stock worth $77,168,000 after buying an additional 486,634 shares in the last quarter. Finally, Eaton Vance Management raised its stake in shares of Church & Dwight by 1.4% during the 2nd quarter. Eaton Vance Management now owns 27,823 shares of the company’s stock worth $1,443,000 after buying an additional 395 shares in the last quarter. 79.65% of the stock is owned by institutional investors and hedge funds.
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A number of equities analysts have recently issued reports on the company. Jefferies Group LLC reissued a “buy” rating and set a $63.00 target price (up from $60.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. BMO Capital Markets set a $50.00 target price on Church & Dwight and gave the stock a “hold” rating in a research note on Monday, July 17th. UBS AG reissued a “sell” rating and set a $48.00 target price (up from $46.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BidaskClub raised Church & Dwight from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $51.07.
Church & Dwight Company, Inc. (NYSE:CHD) opened at 49.43 on Wednesday. Church & Dwight Company, Inc. has a 1-year low of $42.56 and a 1-year high of $54.18. The company has a 50-day moving average price of $50.71 and a 200 day moving average price of $50.94. The stock has a market capitalization of $12.33 billion, a P/E ratio of 29.23 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 analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $898.00 million during the quarter, compared to the consensus estimate of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. On average, equities analysts predict that Church & Dwight Company, Inc. will post $1.93 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were given a $0.19 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.54%. Church & Dwight’s dividend payout ratio (DPR) is 44.97%.
In other Church & Dwight news, VP Steven J. Katz sold 11,200 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $50.17, for a total value of $561,904.00. Following the completion of the sale, the vice president now directly owns 4,458 shares in the company, valued at $223,657.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven P. Cugine sold 177,940 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The disclosure for this sale can be found here. Insiders sold 198,858 shares of company stock valued at $9,996,631 over the last 90 days. 2.00% of the stock is currently owned by insiders.
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.
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