Comerica Bank cut its stake in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,266 shares of the company’s stock after selling 1,888 shares during the period. Comerica Bank’s holdings in Church & Dwight were worth $5,583,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the stock. SeaCrest Wealth Management LLC acquired a new position in shares of Church & Dwight during the 2nd quarter valued at $30,000. Zions Bancorporation NA raised its position in Church & Dwight 50.8% in the second quarter. Zions Bancorporation NA now owns 389 shares of the company’s stock worth $36,000 after acquiring an additional 131 shares in the last quarter. Heritage Wealth Advisors lifted its holdings in Church & Dwight in the 171.2% Wealth Advisors now owns 396 shares of the company’s stock valued at $37,000 after acquiring an additional 250 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in Church & Dwight in the 2nd quarter valued at $37,00. Dedication LLC bought a new position in shares of Church & Dwight during the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 80.86% of the company’s stock.
Analysts Set New Price Targets
CHD has been the subject of several recent research reports. The Goldman Sachs Group cut their target price on shares of Church & Dwight from $93.00 to $83.00 and set a “neutral” rating for the company in a research note on Monday, October 10th. StockNews .com started coverage on Church & Dwight in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Argus raised Church & Dwight from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Monday, November 7th. JPMorgan Chase & Co. reduced their price objective on shares of Church & Dwight from $80.00 to $72.00 and set an “underweight” rating for the company in a research note on Thursday , October 13th. Finally, Credit Suisse Group dropped their target price on shares of Church & Dwight to $85.00 in a research report on Thursday, October 27th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a b uy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.53.
Church & Dwight Price Performance
Shares of CHD opened at $81.39 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.08. The firm has a market cap of $19.85 billion, a PE ratio of 27.22, a PEG ratio of 3.92 and a beta of 0.45. Church & Dwight Co., Inc. has a twelve month low of $70.16 and a twelve month high of $105.28. The firm’s 50 day moving average price is $79.46 and its 200 day moving average price is $81.94.
Church & Dwight (NYSE:CHD – Get Rating) last released its quarterly earnings data on Friday, October 28th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.11. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. Church & Dwight had a net margin of 13.88% and a return on equity of 21.23%. Church & Dwight’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. As a group, research analysts expect that Church & Dwight Co., Inc. will post 2.95 EPS for the current fiscal year.
Church & Dwight Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Tuesday, November 15th were issued a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and ald dividend of 2.9% yield. ex-dividend date of this dividend was Monday, November 14th. Church & Dwight’s dividend payout ratio is currently 35.12%.
Church & Dwight Profile
(Get Rating)
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry deodor and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN ter-operated brand; and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS produce ts; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
Further Reading
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