BB&T Corp Trims Stake in Church & Dwight Co., Inc. (CHD)

BB&T Corp cut its position in Church & Dwight Co., Inc. (NYSE:CHD) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,719 shares of the company’s stock after selling 1,431 shares during the quarter. BB&T Corp’s holdings in Church & Dwight were worth $2,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC raised its stake in shares of Church & Dwight by 24.0% during the 2nd quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock valued at $485,000 after purchasing an additional 1,765 shares during the period. Glenmede Trust Co. NA grew its position in Church & Dwight by 37.1% during the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock worth $94,731,000 after buying an additional 482,109 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Church & Dwight by 51.8% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,041 shares of the company’s stock worth $774,000 after buying an additional 4,450 shares in the last quarter. Centaurus Financial Inc. purchased a new position in Church & Dwight during the second quarter worth about $164,000. Finally, Castleark Management LLC purchased a new position in Church & Dwight during the second quarter worth about $320,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

In other news, Director Arthur B. Winkleblack sold 8,058 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $55.94, for a total value of $450,764.52. Following the transaction, the director now directly owns 75,187 shares in the company, valued at approximately $4,205,960.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert D. Leblanc sold 17,544 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $55.90, for a total value of $980,709.60. Following the completion of the transaction, the director now owns 66,903 shares in the company, valued at $3,739,877.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 658,140 shares of company stock worth $40,360,431. Company insiders own 2.00% of the company’s stock.

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Church & Dwight from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. BMO Capital Markets upped their price objective on Church & Dwight from $55.00 to $62.00 and gave the stock a “hold” rating in a report on Friday, November 2nd. Societe Generale cut Church & Dwight from a “buy” rating to a “hold” rating and set a $54.00 target price for the company. in a report on Tuesday, August 7th. Morgan Stanley increased their target price on Church & Dwight from $46.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, August 3rd. Finally, UBS Group began coverage on Church & Dwight in a report on Thursday, July 19th. They set a “neutral” rating and a $57.00 target price for the company. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Church & Dwight currently has an average rating of “Hold” and an average target price of $58.47.

CHD stock opened at $67.88 on Wednesday. Church & Dwight Co., Inc. has a twelve month low of $43.42 and a twelve month high of $67.91. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.93 and a quick ratio of 0.55. The company has a market cap of $16.21 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.87 and a beta of 0.31.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts forecast that Church & Dwight Co., Inc. will post 2.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.2175 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.87 annualized dividend and a yield of 1.28%. Church & Dwight’s dividend payout ratio is 44.85%.

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Church & Dwight Company Profile

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

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