Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Guggenheim Capital LLC
Guggenheim Capital LLC reduced its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 11.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,557 shares of the company’s stock after selling 8,740 shares during the period. Guggenheim Capital LLC’s holdings in Church & Dwight were worth $4,272,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Optimal Asset Management Inc. raised its stake in shares of Church & Dwight by 77.3% during the 1st quarter. Optimal Asset Management Inc. now owns 82,847 shares of the company’s stock worth $5,317,000 after buying an additional 36,124 shares during the period. The Manufacturers Life Insurance Company grew its stake in Church & Dwight by 15.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 268,531 shares of the company’s stock valued at $17,235,000 after acquiring an additional 35,753 shares during the period. Odey Asset Management Group Ltd purchased a new stake in Church & Dwight in the 1st quarter worth $1,284,000. Prestige Wealth Management Group LLC raised its position in Church & Dwight by 49.9% during the first quarter. Prestige Wealth Management Group LLC now owns 601 shares of the company’s stock worth $39,000 after acquiring an additional 200 shares during the period. Finally, Townsquare Capital LLC lifted its holdings in Church & Dwight by 96.4% during the first quarter. Townsquare Capital LLC now owns 17,300 shares of the company’s stock valued at $1,233,000 after purchasing an additional 8,493 shares in the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.
CHD has been the subject of a number of research reports. Credit Suisse Group upgraded shares of Church & Dwight from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $74.00 to $85.00 in a research report on Thursday, June 18th. SunTrust Banks increased their target price on Church & Dwight from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, May 15th. Barclays decreased their target price on Church & Dwight from $65.00 to $55.00 and set an “underweight” rating on the stock in a research report on Thursday, March 26th. Stifel Nicolaus boosted their price target on Church & Dwight from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Finally, Oppenheimer raised their price objective on Church & Dwight from $83.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $75.42.
NYSE CHD opened at $76.15 on Tuesday. The stock’s fifty day moving average is $74.35 and its two-hundred day moving average is $71.65. The firm has a market capitalization of $18.72 billion, a P/E ratio of 28.52, a price-to-earnings-growth ratio of 3.40 and a beta of 0.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.81 and a current ratio of 1.03. Church & Dwight Co., Inc. has a fifty-two week low of $47.98 and a fifty-two week high of $80.99.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Church & Dwight had a return on equity of 24.62% and a net margin of 14.96%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the company earned $0.70 EPS. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 2.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, May 14th. Church & Dwight’s payout ratio is currently 38.87%.
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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