Church & Dwight Company, Inc. (CHD) Shares Bought by Ngam Advisors L.P.
Ngam Advisors L.P. boosted its position in Church & Dwight Company, Inc. (NYSE:CHD) by 7.4% during the first quarter, Holdings Channel reports. The institutional investor owned 51,433 shares of the company’s stock after buying an additional 3,545 shares during the period. Ngam Advisors L.P.’s holdings in Church & Dwight Company were worth $2,565,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Northwest Quadrant Wealth Management LLC purchased a new stake in shares of Church & Dwight Company during the fourth quarter worth approximately $115,000. Westside Investment Management Inc. purchased a new stake in shares of Church & Dwight Company during the first quarter worth approximately $149,000. Van ECK Associates Corp increased its stake in shares of Church & Dwight Company by 12.2% in the fourth quarter. Van ECK Associates Corp now owns 3,515 shares of the company’s stock worth $155,000 after buying an additional 381 shares in the last quarter. Clean Yield Group purchased a new stake in shares of Church & Dwight Company during the first quarter worth approximately $178,000. Finally, FTB Advisors Inc. increased its stake in shares of Church & Dwight Company by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock worth $195,000 after buying an additional 3,725 shares in the last quarter. Institutional investors own 83.21% of the company’s stock.
Shares of Church & Dwight Company, Inc. (CHD) traded up 0.28% during trading on Tuesday, hitting $53.90. The stock had a trading volume of 518,731 shares. The stock’s 50-day moving average is $51.29 and its 200-day moving average is $48.52. The stock has a market capitalization of $13.43 billion, a P/E ratio of 29.45 and a beta of 0.57. Church & Dwight Company, Inc. has a 12-month low of $42.56 and a 12-month high of $54.18.
Church & Dwight Company (NYSE:CHD) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. The business had revenue of $877.20 million during the quarter, compared to analysts’ expectations of $869.06 million. Church & Dwight Company had a return on equity of 24.11% and a net margin of 13.56%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. Analysts predict that Church & Dwight Company, Inc. will post $1.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Tuesday, May 16th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Friday, May 12th. Church & Dwight Company’s dividend payout ratio (DPR) is currently 41.64%.
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A number of analysts have commented on the company. Morgan Stanley downgraded Church & Dwight Company from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 16th. Zacks Investment Research upgraded Church & Dwight Company from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, May 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $59.00 price objective on shares of Church & Dwight Company in a research report on Tuesday, June 13th. J P Morgan Chase & Co assumed coverage on Church & Dwight Company in a research report on Tuesday, March 21st. They issued a “neutral” rating and a $53.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $45.00 price objective on shares of Church & Dwight Company in a research report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.07.
Church & Dwight Company Company Profile
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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