Korea Investment CORP Sells 38,287 Shares of Church & Dwight Company, Inc. (NYSE:CHD)
Korea Investment CORP reduced its position in Church & Dwight Company, Inc. (NYSE:CHD) by 24.2% during the second quarter, Holdings Channel reports. The institutional investor owned 119,598 shares of the company’s stock after selling 38,287 shares during the period. Korea Investment CORP’s holdings in Church & Dwight were worth $6,205,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Westside Investment Management Inc. purchased a new position in shares of Church & Dwight during the first quarter worth about $149,000. Parallel Advisors LLC boosted its position in shares of Church & Dwight by 53.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $161,000 after buying an additional 1,150 shares in the last quarter. Clean Yield Group purchased a new position in shares of Church & Dwight during the first quarter worth about $178,000. Van ECK Associates Corp boosted its position in shares of Church & Dwight by 8.2% in the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock worth $190,000 after buying an additional 288 shares in the last quarter. Finally, FTB Advisors Inc. boosted its position in shares of Church & Dwight by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock worth $195,000 after buying an additional 3,725 shares in the last quarter. Institutional investors own 82.05% of the company’s stock.
Shares of Church & Dwight Company, Inc. (NYSE:CHD) opened at 49.58 on Friday. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 29.32 and a beta of 0.57. Church & Dwight Company, Inc. has a 52-week low of $42.56 and a 52-week high of $54.18. The company has a 50-day moving average price of $52.30 and a 200-day moving average price of $50.49.
Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 million for the quarter, compared to the consensus estimate of $903.87 million. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is 44.97%.
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A number of brokerages recently issued reports on CHD. UBS AG reiterated a “sell” rating and issued a $46.00 target price (up from $45.00) on shares of Church & Dwight in a report on Friday, May 5th. Zacks Investment Research cut Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 target price on shares of Church & Dwight in a report on Thursday, August 3rd. Finally, Barclays PLC set a $49.00 target price on Church & Dwight and gave the stock a “sell” rating in a report on Sunday, August 6th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $51.07.
In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the sale, the director now directly owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction on Monday, August 7th. The stock was 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 directly owns 46,348 shares in the company, valued at $2,331,304.40. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
About Church & Dwight
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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