Church & Dwight Company, Inc. (NYSE:CHD) Shares Sold by Catalyst Capital Advisors LLC
Catalyst Capital Advisors LLC decreased its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 14.9% during the second quarter, Holdings Channel reports. The fund owned 76,231 shares of the company’s stock after selling 13,348 shares during the period. Catalyst Capital Advisors LLC’s holdings in Church & Dwight were worth $3,955,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in CHD. LaFleur & Godfrey LLC purchased a new position in Church & Dwight during the first quarter valued at $5,696,000. BB&T Securities LLC raised its stake in Church & Dwight by 437.9% in the first quarter. BB&T Securities LLC now owns 280,837 shares of the company’s stock valued at $14,005,000 after buying an additional 228,629 shares during the period. Feltz Wealth PLAN Inc. bought a new stake in Church & Dwight during the first quarter valued at approximately $536,000. Parametrica Management Ltd bought a new stake in Church & Dwight during the first quarter valued at approximately $268,000. Finally, BlackRock Inc. raised its stake in Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after buying an additional 18,639,877 shares during the period. 82.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Church & Dwight Company, Inc. (NYSE CHD) opened at 49.62 on Friday. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 29.34 and a beta of 0.57. Church & Dwight Company, Inc. has a 52 week low of $42.56 and a 52 week high of $54.18. The firm has a 50-day moving average price of $52.21 and a 200-day moving average price of $50.52.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $898 million during the quarter, compared to the consensus estimate of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 earnings per share. On average, equities analysts anticipate that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be given a $0.19 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. Church & Dwight’s dividend payout ratio (DPR) is currently 44.97%.
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CHD has been the subject of several analyst reports. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Jefferies Group LLC restated a “buy” rating and issued a $63.00 price objective (up from $60.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. BidaskClub lowered Church & Dwight from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Royal Bank Of Canada restated a “sector perform” rating and issued a $45.00 price objective on shares of Church & Dwight in a research note on Friday, May 5th. Finally, Bank of America Corporation upped their price objective on Church & Dwight from $51.00 to $53.00 and gave the stock an “underperform” rating in a research note on Monday, July 10th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.07.
In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the completion of the transaction, the director now owns 56,497 shares in the company, valued at $2,815,810.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steven P. Cugine sold 177,940 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the transaction, the executive vice president now owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
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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