Alberta Investment Management Corp trimmed its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 91.6% in the first quarter, Holdings Channel.com reports. The firm owned 34,900 shares of the company’s stock after selling 381,700 shares during the quarter. Alberta Investment Management Corp’s holdings in Church & Dwight were worth $2,240,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of CHD. Pacitti Group Inc. bought a new position in Church & Dwight during the fourth quarter valued at approximately $26,000. Orion Portfolio Solutions LLC bought a new position in Church & Dwight during the fourth quarter valued at approximately $26,000. Busey Wealth Management bought a new position in Church & Dwight during the fourth quarter valued at approximately $30,000. Valeo Financial Advisors LLC raised its position in Church & Dwight by 1,019.0% during the first quarter. Valeo Financial Advisors LLC now owns 470 shares of the company’s stock valued at $32,000 after acquiring an additional 428 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in Church & Dwight during the first quarter valued at approximately $37,000. 80.48% of the stock is owned by institutional investors and hedge funds.
In other Church & Dwight news, CMO Britta Bomhard sold 59,260 shares of Church & Dwight stock in a transaction on Monday, May 11th. The shares were sold at an average price of $73.60, for a total transaction of $4,361,536.00. Following the sale, the chief marketing officer now owns 59,923 shares in the company, valued at $4,410,332.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ravichandra Krishnamu Saligram sold 16,000 shares of Church & Dwight stock in a transaction on Monday, May 4th. The stock was sold at an average price of $71.60, for a total transaction of $1,145,600.00. Following the sale, the director now owns 61,154 shares in the company, valued at approximately $4,378,626.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 362,660 shares of company stock worth $26,145,808. 2.00% of the stock is currently owned by corporate insiders.
Shares of Church & Dwight stock opened at $71.93 on Friday. The company’s fifty day simple moving average is $70.96 and its 200-day simple moving average is $70.51. The company has a market cap of $17.45 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 3.18 and a beta of 0.31. The company has a current ratio of 1.03, a quick ratio of 0.81 and a debt-to-equity ratio of 0.64. Church & Dwight Co., Inc. has a 1 year low of $47.98 and a 1 year high of $80.99.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Church & Dwight had a net margin of 14.96% and a return on equity of 24.62%. Church & Dwight’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $0.70 earnings per share. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 2.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.24 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. Church & Dwight’s payout ratio is 38.87%.
Several brokerages recently weighed in on CHD. Barclays cut their price objective on shares of Church & Dwight from $65.00 to $55.00 and set an “underweight” rating on the stock in a research report on Thursday, March 26th. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday, April 13th. Stifel Nicolaus raised their price objective on shares of Church & Dwight from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Oppenheimer reissued a “buy” rating and issued a $85.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Finally, SunTrust Banks lifted their price target on shares of Church & Dwight from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Church & Dwight has a consensus rating of “Hold” and an average price target of $74.27.
Church & Dwight Company 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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