Church & Dwight Co., Inc. (CHD) Position Lessened by Davidson Investment Advisors
Davidson Investment Advisors reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 150,005 shares of the company’s stock after selling 2,670 shares during the period. Davidson Investment Advisors’ holdings in Church & Dwight were worth $7,526,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial For Lutherans boosted its holdings in shares of Church & Dwight by 0.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,410 shares of the company’s stock worth $488,000 after buying an additional 30 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Church & Dwight by 4.0% during the 2nd quarter. Sterling Capital Management LLC now owns 7,070 shares of the company’s stock worth $367,000 after buying an additional 270 shares during the period. Sentry Investment Management LLC boosted its holdings in shares of Church & Dwight by 2.1% during the 2nd quarter. Sentry Investment Management LLC now owns 18,660 shares of the company’s stock worth $968,000 after buying an additional 378 shares during the period. Bfsg LLC boosted its holdings in shares of Church & Dwight by 3.6% during the 4th quarter. Bfsg LLC now owns 32,187 shares of the company’s stock worth $1,615,000 after buying an additional 1,112 shares during the period. Finally, Page Arthur B boosted its holdings in shares of Church & Dwight by 4.9% during the 3rd quarter. Page Arthur B now owns 24,965 shares of the company’s stock worth $1,209,000 after buying an additional 1,165 shares during the period. 78.62% of the stock is owned by institutional investors and hedge funds.
CHD has been the subject of several recent analyst reports. Wells Fargo & Co reaffirmed a “hold” rating on shares of Church & Dwight in a report on Monday, February 5th. Deutsche Bank assumed coverage on shares of Church & Dwight in a report on Wednesday, December 13th. They issued a “buy” rating and a $54.00 price target for the company. Zacks Investment Research downgraded shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. CIBC raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Finally, UBS Group raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $51.40.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Monday, February 5th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Church & Dwight had a net margin of 19.69% and a return on equity of 24.95%. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. equities research analysts predict that Church & Dwight Co., Inc. will post 2.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.2175 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.79%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 26.03%.
Church & Dwight declared that its board has approved a share repurchase program on Thursday, November 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
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Church & Dwight 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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