Cigna Investments Inc. New cut its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 47.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,933 shares of the company’s stock after selling 21,695 shares during the period. Cigna Investments Inc. New’s holdings in Church & Dwight were worth $1,242,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. acquired a new position in shares of Church & Dwight during the first quarter valued at $149,000. Parallel Advisors LLC raised its position in shares of Church & Dwight by 53.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $161,000 after buying an additional 1,150 shares in the last quarter. Clean Yield Group acquired a new position in shares of Church & Dwight during the first quarter valued at $178,000. Van ECK Associates Corp raised its position in shares of Church & Dwight by 8.2% in the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock valued at $190,000 after buying an additional 288 shares in the last quarter. Finally, FTB Advisors Inc. raised its position in shares of Church & Dwight by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock valued at $195,000 after buying an additional 3,725 shares in the last quarter. Hedge funds and other institutional investors own 82.05% of the company’s stock.

Church & Dwight Company, Inc. (NYSE:CHD) opened at 49.92 on Thursday. The company has a 50-day moving average price of $52.40 and a 200-day moving average price of $50.50. The firm has a market capitalization of $12.44 billion, a PE ratio of 27.28 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 (NYSE:CHD) last released its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $898 million during the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. Church & Dwight’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. On average, analysts predict that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.52%. Church & Dwight’s payout ratio is currently 44.97%.

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Several research firms have commented on CHD. UBS AG reiterated a “sell” rating and set a $46.00 price objective (up from $45.00) on shares of Church & Dwight in a research note on Friday, May 5th. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BidaskClub lowered Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 price objective on shares of Church & Dwight in a research note on Thursday, August 3rd. Finally, Barclays PLC set a $49.00 price objective on Church & Dwight and gave the stock a “sell” rating in a research note on Sunday. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $51.07.

In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of Church & Dwight stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $50.30, for a total value of $8,950,382.00. Following the completion of the sale, the executive vice president now directly owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

About Church & Dwight

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

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