Cim LLC Grows Position in Church & Dwight Co., Inc. (CHD)

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Cim LLC increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,003 shares of the company’s stock after purchasing an additional 460 shares during the quarter. Cim LLC’s holdings in Church & Dwight were worth $997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc raised its holdings in shares of Church & Dwight by 0.7% during the third quarter. Vanguard Group Inc now owns 27,786,142 shares of the company’s stock valued at $1,649,662,000 after acquiring an additional 185,775 shares during the period. BlackRock Inc. raised its holdings in shares of Church & Dwight by 5.6% during the fourth quarter. BlackRock Inc. now owns 20,229,813 shares of the company’s stock valued at $1,330,311,000 after acquiring an additional 1,071,381 shares during the period. Morgan Stanley raised its holdings in shares of Church & Dwight by 425.0% during the third quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock valued at $284,736,000 after acquiring an additional 3,882,426 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Church & Dwight by 15,536.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,184,243 shares of the company’s stock valued at $64,000 after acquiring an additional 4,157,484 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Church & Dwight by 13.4% during the fourth quarter. Geode Capital Management LLC now owns 3,403,820 shares of the company’s stock valued at $223,470,000 after acquiring an additional 403,357 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

CHD traded up $0.30 on Wednesday, reaching $72.77. 62,732 shares of the company traded hands, compared to its average volume of 1,177,277. Church & Dwight Co., Inc. has a 52-week low of $45.55 and a 52-week high of $74.99. The company has a market capitalization of $18.20 billion, a PE ratio of 32.09, a PEG ratio of 3.48 and a beta of 0.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.45 and a current ratio of 0.81.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.04. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Church & Dwight had a net margin of 14.02% and a return on equity of 24.62%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.2275 dividend. This represents a $0.91 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s dividend payout ratio is 40.09%.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Church & Dwight from $74.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. BMO Capital Markets boosted their price target on shares of Church & Dwight to $75.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Atlantic Securities downgraded shares of Church & Dwight from an “overweight” rating to a “neutral” rating in a research report on Monday. Citigroup downgraded shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 price objective on the stock. in a research report on Thursday, May 2nd. Finally, Deutsche Bank boosted their price objective on shares of Church & Dwight from $64.00 to $67.00 and gave the company a “hold” rating in a research report on Friday, March 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $67.89.

In other Church & Dwight news, Director Arthur B. Winkleblack sold 48,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $73.19, for a total value of $3,513,120.00. Following the completion of the sale, the director now directly owns 240,606 shares of the company’s stock, valued at $17,609,953.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradley C. Irwin sold 13,172 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $72.58, for a total transaction of $956,023.76. Following the completion of the sale, the director now directly owns 49,898 shares of the company’s stock, valued at $3,621,596.84. The disclosure for this sale can be found here. Insiders sold 88,172 shares of company stock valued at $6,451,754 over the last three months. Insiders own 2.00% of the company’s stock.

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Church & Dwight Profile

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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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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