Evercore Wealth Management LLC Sells 5,205 Shares of Church & Dwight Company, Inc. (CHD)
Evercore Wealth Management LLC lessened its holdings in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,875 shares of the company’s stock after selling 5,205 shares during the quarter. Evercore Wealth Management LLC’s holdings in Church & Dwight were worth $4,351,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Tredje AP fonden bought a new position in Church & Dwight during the second quarter valued at approximately $140,000. Westside Investment Management Inc. bought a new position in Church & Dwight during the first quarter valued at approximately $149,000. Acrospire Investment Management LLC raised its position in Church & Dwight by 274.8% during the second quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock valued at $163,000 after acquiring an additional 2,300 shares in the last quarter. Parallel Advisors LLC raised its position in Church & Dwight by 53.5% during the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $161,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Church & Dwight by 8.2% during the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock valued at $190,000 after acquiring an additional 288 shares in the last quarter. 79.57% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $59.00 price objective on shares of Church & Dwight in a research report on Tuesday, June 13th. BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. UBS AG reiterated a “sell” rating and set a $48.00 price target (up previously from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Church & Dwight in a report on Friday, August 25th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.24.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The business had revenue of $898.00 million for the quarter, compared to analysts’ expectations of $903.87 million. During the same quarter in the prior year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.
In related news, VP Steven J. Katz sold 11,200 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $50.17, for a total value of $561,904.00. Following the sale, the vice president now owns 4,458 shares in the company, valued at approximately $223,657.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven P. Cugine sold 177,940 shares of the stock in a transaction 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 owns 46,348 shares in the company, valued at approximately $2,331,304.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 198,858 shares of company stock worth $9,996,631. 2.00% of the stock is owned by company insiders.
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Church & Dwight 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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