BNP Paribas Arbitrage SA lifted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 138.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 107,114 shares of the company’s stock after purchasing an additional 62,152 shares during the period. BNP Paribas Arbitrage SA’s holdings in Church & Dwight were worth $7,630,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cordasco Financial Network acquired a new position in Church & Dwight in the 1st quarter valued at about $28,000. Pinnacle Bank purchased a new stake in Church & Dwight in the 4th quarter valued at approximately $33,000. Berman Capital Advisors LLC purchased a new stake in Church & Dwight in the 4th quarter valued at approximately $34,000. Baystate Wealth Management LLC boosted its holdings in Church & Dwight by 332.3% in the 1st quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock valued at $39,000 after purchasing an additional 412 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in Church & Dwight in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 82.80% of the company’s stock.
Shares of NYSE:CHD traded up $0.14 during trading on Wednesday, hitting $74.14. 729,058 shares of the stock were exchanged, compared to its average volume of 1,678,348. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 3.48 and a beta of 0.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.81 and a quick ratio of 0.45. Church & Dwight Co., Inc. has a 12-month low of $46.15 and a 12-month high of $74.99.
Church & Dwight (NYSE:CHD) last announced its quarterly 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 business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Church & Dwight had a return on equity of 24.62% and a net margin of 14.02%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is 40.09%.
In related news, VP Britta Bomhard sold 27,000 shares of Church & Dwight stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $73.43, for a total transaction of $1,982,610.00. Following the completion of the transaction, the vice president now directly owns 32,219 shares in the company, valued at approximately $2,365,841.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arthur B. Winkleblack sold 48,000 shares of Church & Dwight stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $73.19, for a total value of $3,513,120.00. Following the transaction, the director now owns 240,606 shares of the company’s stock, valued at $17,609,953.14. The disclosure for this sale can be found here. Insiders have sold a total of 126,432 shares of company stock worth $9,294,002 in the last three months. Corporate insiders own 2.00% of the company’s stock.
A number of brokerages have weighed in on CHD. Wells Fargo & Co reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Church & Dwight in a report on Thursday, May 2nd. Citigroup lowered Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 price objective on the stock. in a report on Thursday, May 2nd. BMO Capital Markets lifted their price objective on Church & Dwight to $75.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Oppenheimer lifted their price objective on Church & Dwight from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Finally, Atlantic Securities lowered Church & Dwight from an “overweight” rating to a “neutral” rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $67.89.
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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