Mitsubishi UFJ Trust & Banking Corp reduced its stake in Church & Dwight Company, Inc. (NYSE:CHD) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 643,932 shares of the company’s stock after selling 31,317 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.26% of Church & Dwight worth $33,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FTB Advisors Inc. raised its position in 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 during the period. Genesee Valley Trust Co. raised its stake in shares of Church & Dwight by 2.5% in the first quarter. Genesee Valley Trust Co. now owns 7,448 shares of the company’s stock worth $371,000 after buying an additional 180 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Church & Dwight by 49.4% in the first quarter. First Trust Advisors LP now owns 74,045 shares of the company’s stock worth $3,693,000 after buying an additional 24,496 shares during the last quarter. Elkhorn Investments LLC purchased a new stake in shares of Church & Dwight during the first quarter worth approximately $1,120,000. Finally, Albert D Mason Inc. raised its stake in shares of Church & Dwight by 1.0% in the first quarter. Albert D Mason Inc. now owns 11,267 shares of the company’s stock worth $562,000 after buying an additional 110 shares during the last quarter. 79.63% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Company, Inc. (CHD) opened at 50.17 on Friday. Church & Dwight Company, Inc. has a 1-year low of $42.56 and a 1-year high of $54.18. The firm’s 50-day moving average price is $51.31 and its 200-day moving average price is $50.89. The firm has a market cap of $12.52 billion, a P/E ratio of 29.67 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business had revenue of $898 million during the quarter, compared to the consensus estimate of $903.87 million. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.

The firm 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 dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, August 11th. Church & Dwight’s dividend payout ratio is 44.97%.

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CHD has been the subject of a number of research analyst reports. Morgan Stanley lowered Church & Dwight from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 16th. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. BidaskClub raised Church & Dwight from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $63.00 target price (up from $60.00) on shares of Church & Dwight in a research report on Tuesday, July 18th. Finally, Bank of America Corporation boosted their target price on Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a research report on Monday, July 10th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $51.07.

In related news, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the sale, the executive vice president now owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert D. Leblanc sold 9,718 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total transaction of $484,345.12. Following the sale, the director now directly owns 56,497 shares of the company’s stock, valued at approximately $2,815,810.48. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

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

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