UBS Asset Management Americas Inc. Has $52.80 Million Stake in Church & Dwight Company, Inc. (CHD)
UBS Asset Management Americas Inc. lowered its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 33.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,017,682 shares of the company’s stock after selling 513,801 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.41% of Church & Dwight worth $52,797,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CHD. First Trust Advisors LP grew its holdings in Church & Dwight by 49.4% during the 1st quarter. First Trust Advisors LP now owns 74,045 shares of the company’s stock worth $3,693,000 after acquiring an additional 24,496 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Church & Dwight by 3.6% during the 1st quarter. Ameriprise Financial Inc. now owns 310,512 shares of the company’s stock worth $15,466,000 after acquiring an additional 10,907 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Church & Dwight by 2.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 46,933 shares of the company’s stock worth $2,341,000 after acquiring an additional 1,334 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Church & Dwight by 73.3% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 51,472 shares of the company’s stock worth $2,567,000 after acquiring an additional 21,777 shares during the last quarter. Finally, BP PLC bought a new stake in Church & Dwight during the 1st quarter worth about $1,546,000. 79.57% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total transaction of $484,345.12. Following the sale, the director now directly owns 56,497 shares in the company, valued at $2,815,810.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven P. Cugine sold 177,940 shares of the business’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 sale, the executive vice president now owns 46,348 shares in the company, valued at $2,331,304.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,858 shares of company stock worth $9,996,631. Company insiders own 2.00% of the company’s stock.
Church & Dwight Company, Inc. (NYSE CHD) opened at 48.61 on Monday. The firm has a market capitalization of $12.13 billion, a P/E ratio of 28.75 and a beta of 0.60. The firm’s 50-day moving average is $50.14 and its 200-day moving average is $50.94. Church & Dwight Company, Inc. has a 52-week low of $42.56 and a 52-week high of $54.18.
Church & Dwight (NYSE:CHD) last released its quarterly 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. The company had revenue of $898.00 million for the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. On average, equities analysts expect that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is currently 44.97%.
A number of brokerages have commented on CHD. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Friday, July 7th. Jefferies Group LLC reissued a “buy” rating and set a $59.00 price objective on shares of Church & Dwight in a report on Tuesday, June 13th. BMO Capital Markets set a $50.00 price objective on shares of Church & Dwight and gave the stock a “hold” rating in a report on Monday, July 17th. UBS AG reissued a “sell” rating and set a $48.00 price objective (up previously from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Finally, KeyCorp reissued a “hold” rating on shares of Church & Dwight in a report on Friday, August 25th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.24.
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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