YorkBridge Wealth Partners LLC Increases Stake in Church & Dwight Company, Inc. (CHD)
YorkBridge Wealth Partners LLC lifted its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,032 shares of the company’s stock after purchasing an additional 108 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Church & Dwight were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP boosted its position in Church & Dwight by 49.4% during the 1st quarter. First Trust Advisors LP now owns 74,045 shares of the company’s stock valued at $3,693,000 after purchasing an additional 24,496 shares during the period. UBS Asset Management Americas Inc. grew its stake in Church & Dwight by 46.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,531,483 shares of the company’s stock worth $76,375,000 after buying an additional 483,620 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Church & Dwight by 3.6% during the 1st quarter. Ameriprise Financial Inc. now owns 310,512 shares of the company’s stock worth $15,466,000 after buying an additional 10,907 shares during the last quarter. Oxford Asset Management bought a new position in Church & Dwight during the 1st quarter worth $1,004,000. Finally, Pacer Advisors Inc. grew its stake in Church & Dwight by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 4,896 shares of the company’s stock worth $244,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 79.57% of the company’s stock.
Church & Dwight Company, Inc. (NYSE CHD) traded up 0.25% during trading on Monday, reaching $48.57. 63,613 shares of the company’s stock traded hands. The company has a market capitalization of $12.12 billion, a price-to-earnings ratio of 28.72 and a beta of 0.60. Church & Dwight Company, Inc. has a 12 month low of $42.56 and a 12 month high of $54.18. The firm’s 50 day moving average is $50.14 and its 200-day moving average is $50.94.
Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $898.00 million during the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. Church & Dwight’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. Analysts expect that Church & Dwight Company, Inc. will post $1.93 EPS for the current fiscal year.
In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of Church & Dwight 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 transaction, the executive vice president now owns 46,348 shares in the company, valued at approximately $2,331,304.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Steven J. Katz sold 11,200 shares of the business’s 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 completion of the transaction, the vice president now directly owns 4,458 shares in the company, valued at approximately $223,657.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,858 shares of company stock worth $9,996,631. 2.00% of the stock is owned by corporate insiders.
A number of equities research analysts have issued reports on the company. BidaskClub upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Jefferies Group LLC restated a “buy” rating and set a $63.00 price target (up previously from $60.00) on shares of Church & Dwight in a research report on Tuesday, July 18th. Macquarie initiated coverage on shares of Church & Dwight in a research report on Friday, September 15th. They set a “neutral” rating and a $52.00 price target for the company. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Bank of America Corporation increased their price objective on shares of Church & Dwight from $51.00 to $53.00 and gave the stock an “underperform” rating in a report on Monday, July 10th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued 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.
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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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