JPMorgan Chase & Co. lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 14.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 761,180 shares of the company’s stock after selling 123,901 shares during the quarter. JPMorgan Chase & Co.’s holdings in Church & Dwight were worth $70,530,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its holdings in Church & Dwight by 0.4% during the first quarter. BlackRock Inc. now owns 19,176,152 shares of the company’s stock worth $1,905,727,000 after buying an additional 73,507 shares during the last quarter. WCM Investment Management LLC increased its holdings in Church & Dwight by 1.5% during the first quarter. WCM Investment Management LLC now owns 4,140,955 shares of the company’s stock worth $411,528,000 after buying an additional 60,725 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Church & Dwight by 3.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,995,543 shares of the company’s stock worth $370,226,000 after buying an additional 128,818 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Church & Dwight by 2.4% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,241,322 shares of the company’s stock worth $207,681,000 after buying an additional 52,057 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Church & Dwight by 5.7% during the second quarter. ProShare Advisors LLC now owns 1,664,432 shares of the company’s stock worth $154,226,000 after buying an additional 90,208 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on CHD shares. Oppenheimer lowered their target price on shares of Church & Dwight to $85.00 in a report on Thursday, September 29th. Argus upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Monday, November 7th. The Goldman Sachs Group decreased their price objective on shares of Church & Dwight from $93.00 to $83.00 and set a “neutral” rating on the stock in a report on Monday, October 10th. StockNews.com initiated coverage on shares of Church & Dwight in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and decreased their price objective for the company from $90.00 to $85.00 in a report on Wednesday, October 5th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $85.67.
Church & Dwight Trading Up 0.6 %
Church & Dwight (NYSE:CHD – Get Rating) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.11. Church & Dwight had a net margin of 13.88% and a return on equity of 21.23%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business posted $0.80 earnings per share. Church & Dwight’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 2.95 earnings per share for the current year.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.2625 per share. The ex-dividend date is Monday, November 14th. This represents a $1.05 annualized dividend and a yield of 1.34%. Church & Dwight’s dividend payout ratio is 35.12%.
Insider Buying and Selling
In related news, EVP Rene Hemsey sold 5,000 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $76.77, for a total transaction of $383,850.00. Following the completion of the sale, the executive vice president now owns 6,259 shares of the company’s stock, valued at $480,503.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.
Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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