Invictus RG Takes $423,000 Position in Church & Dwight Co., Inc. (CHD)
Invictus RG acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,119 shares of the company’s stock, valued at approximately $423,000.
Several other large investors have also recently bought and sold shares of the company. Dividend Assets Capital LLC increased its position in Church & Dwight by 0.6% in the third quarter. Dividend Assets Capital LLC now owns 142,035 shares of the company’s stock worth $8,433,000 after purchasing an additional 828 shares during the period. Front Row Advisors LLC raised its stake in shares of Church & Dwight by 5.7% during the third quarter. Front Row Advisors LLC now owns 16,189 shares of the company’s stock valued at $970,000 after acquiring an additional 870 shares in the last quarter. Carnick & Kubik Group LLC raised its stake in shares of Church & Dwight by 4.5% during the second quarter. Carnick & Kubik Group LLC now owns 20,422 shares of the company’s stock valued at $1,086,000 after acquiring an additional 885 shares in the last quarter. Northeast Investment Management raised its stake in shares of Church & Dwight by 1.3% during the third quarter. Northeast Investment Management now owns 73,200 shares of the company’s stock valued at $4,346,000 after acquiring an additional 930 shares in the last quarter. Finally, Iberiabank Corp raised its stake in shares of Church & Dwight by 14.7% during the third quarter. Iberiabank Corp now owns 7,270 shares of the company’s stock valued at $432,000 after acquiring an additional 931 shares in the last quarter. 82.79% of the stock is owned by institutional investors and hedge funds.
CHD has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Oppenheimer boosted their price objective on shares of Church & Dwight from $66.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Citigroup boosted their price objective on shares of Church & Dwight from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. Deutsche Bank downgraded shares of Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 price objective for the company. in a research note on Wednesday, October 10th. Finally, Barclays set a $54.00 price objective on shares of Church & Dwight and gave the stock a “sell” rating in a research note on Saturday, November 3rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Church & Dwight has a consensus rating of “Hold” and an average price target of $60.12.
NYSE CHD opened at $66.60 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.93. Church & Dwight Co., Inc. has a 12-month low of $44.87 and a 12-month high of $67.93. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 2.89 and a beta of 0.34.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th were issued a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 1.31%. The ex-dividend date was Wednesday, November 14th. Church & Dwight’s dividend payout ratio is currently 44.85%.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing 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 analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.
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