Waverton Investment Management Ltd Has $2.22 Million Position in Church & Dwight Co., Inc. (CHD)
Waverton Investment Management Ltd trimmed its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 31,175 shares of the company’s stock after selling 172 shares during the quarter. Waverton Investment Management Ltd’s holdings in Church & Dwight were worth $2,221,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its position in Church & Dwight by 4.5% in the fourth quarter. Bank of America Corp DE now owns 2,657,043 shares of the company’s stock worth $174,728,000 after acquiring an additional 113,257 shares during the period. First Financial Bank Trust Division grew its position in Church & Dwight by 1.7% in the fourth quarter. First Financial Bank Trust Division now owns 88,740 shares of the company’s stock worth $5,835,000 after acquiring an additional 1,513 shares during the period. Natixis Advisors L.P. grew its position in Church & Dwight by 5.3% in the fourth quarter. Natixis Advisors L.P. now owns 51,434 shares of the company’s stock worth $3,382,000 after acquiring an additional 2,579 shares during the period. Davis R M Inc. grew its position in Church & Dwight by 42.0% in the fourth quarter. Davis R M Inc. now owns 10,753 shares of the company’s stock worth $707,000 after acquiring an additional 3,183 shares during the period. Finally, Moreno Evelyn V purchased a new position in Church & Dwight in the first quarter worth approximately $214,000. Institutional investors own 82.51% of the company’s stock.
CHD has been the subject of several research analyst reports. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Tuesday, January 8th. SunTrust Banks raised their price target on Church & Dwight from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Jefferies Financial Group raised their price target on Church & Dwight from $74.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Morgan Stanley upgraded Church & Dwight from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, February 6th. Finally, Wells Fargo & Co restated a “hold” rating and set a $62.00 price target on shares of Church & Dwight in a research report on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Church & Dwight currently has an average rating of “Hold” and an average target price of $66.85.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.07 billion. Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 2.46 EPS for the current fiscal year.
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About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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