Retirement Systems of Alabama reduced its position in Church & Dwight Co., Inc. (NYSE: CHD – Get a rating) by 0.9% in the 1st quarter, according to its last Form 13F filed with the Securities & Exchange Commission. The institutional investor held 80,181 shares of the company after selling 717 shares during the quarter. Retirement Systems of Alabama’s holdings in Church & Dwight were worth $7,968,000 at the end of last quarter.
A number of other large investors have also recently changed their CHD holdings. EverSource Wealth Advisors LLC acquired a new stake in Church & Dwight in the fourth quarter valued at approximately $29,000. Evolution Advisers Inc. acquired a new stake in Church & Dwight in the fourth quarter valued at approximately $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Church & Dwight in the fourth quarter valued at approximately $35,000. US Asset Management LLC acquired a new stake in Church & Dwight in the first quarter valued at approximately $36,000. Finally, Shore Point Advisors LLC acquired a new stake in Church & Dwight in the fourth quarter valued at approximately $47,000. 84.81% of the shares are held by institutional investors.
A number of research companies have weighed in on CHD recently. Goldman Sachs Group cut its price target on Church & Dwight shares from $105.00 to $101.00 in a Tuesday, March 29 research report. JPMorgan Chase & Co. cut its price target on Church & Dwight shares from $87.00 to $85.00 and set an “underweight” rating for the company in a Wednesday, March 30 research report . Barclays cut its price target on Church & Dwight shares from $81.00 to $77.00 and set an “underweight” rating for the company in a Monday May 23 research report. Morgan Stanley raised its price target on Church & Dwight shares from $80.00 to $86.00 and gave the stock an “underweight” rating in a Tuesday, April 12 research report. Finally, Wells Fargo & Company raised its price target on Church & Dwight shares from $95.00 to $100.00 and gave the stock an “overweight” rating in a Tuesday, June 28 research report. . Five equity research analysts rated the stock with a sell rating, five gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and an average target price of $98.42.
In related news, the director Bradley C. Irwin sold 7,000 shares of Church & Dwight in a trade dated Wednesday, May 11. The shares were sold at an average price of $97.86, for a total transaction of $685,020.00. Following the sale, the administrator now directly owns 41,636 shares of the company, valued at $4,074,498.96. The sale was disclosed in an SEC filing, which is available via the SEC website. 1.70% of the shares are held by insiders.
Shares of NYSE CHD opened at $94.25 on Tuesday. Church & Dwight Co., Inc. has a fifty-two week low of $80.34 and a fifty-two week high of $105.28. The company’s 50-day simple moving average is $91.51 and its 200-day simple moving average is $97.16. The company has a quick ratio of 0.33, a current ratio of 0.65 and a debt ratio of 0.47. The stock has a market capitalization of $22.88 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.73 and a beta of 0.39.
Church and Dwight (NYSE: CHD – Get a rating) last released its quarterly earnings data on Thursday, April 28. The company reported earnings per share of $0.83 for the quarter, beating consensus analyst estimates of $0.76 by $0.07. Church & Dwight had a net margin of 15.46% and a return on equity of 22.29%. The company posted revenue of $1.30 billion for the quarter, versus $1.29 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $0.83. The company’s revenue increased 4.7% year over year. On average, sell-side analysts expect Church & Dwight Co., Inc. to post earnings per share of 3.15 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1. Investors of record on Monday, May 16 received a dividend of $0.2625 per share. This represents a dividend of $1.05 on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Friday, May 13. Church & Dwight’s dividend payout ratio is currently 32.21%.
About Church & Dwight (Get a rating)
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 litter, carpet deodorizers, laundry detergents and baking soda, as well as other baking soda 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 trade mark SPINBRUSH; 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; gel food supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; IMPECCABLE products; shortening and cold relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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