Cobiz Investment Management Lowers stake in Church & Dwight Co. (CHD)

Church & Dwight Co. (CHD) : Cobiz Investment Management reduced its stake in Church & Dwight Co. by 4.37% during the most recent quarter end. The investment management company now holds a total of 62,556 shares of Church & Dwight Co. which is valued at $6,106,717 after selling 2,859 shares in Church & Dwight Co. , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Church & Dwight Co. makes up approximately 1.49% of Cobiz Investment Management’s portfolio.

Other Hedge Funds, Including , Dividend Assets Capital reduced its stake in CHD by selling 319,945 shares or 32.49% in the most recent quarter. The Hedge Fund company now holds 664,671 shares of CHD which is valued at $64,971,590. Church & Dwight Co. makes up approx 1.90% of Dividend Assets Capital’s portfolio.Louisiana State Employees Retirement System reduced its stake in CHD by selling 300 shares or 3.45% in the most recent quarter. The Hedge Fund company now holds 8,400 shares of CHD which is valued at $821,100. Church & Dwight Co. makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Cibc World Markets boosted its stake in CHD in the latest quarter, The investment management firm added 43,048 additional shares and now holds a total of 69,607 shares of Church & Dwight Co. which is valued at $6,980,886. Church & Dwight Co. makes up approx 0.03% of Cibc World Markets’s portfolio.Bath Savings Trust Co reduced its stake in CHD by selling 775 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 98,241 shares of CHD which is valued at $9,852,590. Church & Dwight Co. makes up approx 3.01% of Bath Savings Trust Co’s portfolio.

Church & Dwight Co. opened for trading at $98.42 and hit $101.55 on the upside on Thursday, eventually ending the session at $101.18, with a gain of 3.65% or 3.56 points. The heightened volatility saw the trading volume jump to 9,35,526 shares. Company has a market cap of $12,984 M.

On the company’s financial health, Church & Dwight Co. reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.79. The company had revenue of $877.40 million for the quarter, compared to analysts expectations of $869.53 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Church & Dwight Co.. Church & Dwight Co. was Initiated by Stifel to “Hold” on Jul 12, 2016.

Church & Dwight Co. Inc. develops manufactures and markets a range of household personal care and specialty products. The Company operates in three segments. The Consumer Domestic segment provides the power brands (ARM & HAMMER TROJAN OXICLEAN SPINBRUSH FIRST RESPONSE NAIR ORAJEL XTRA L’IL CRITTERS and VITAFUSION) and other household and personal care products such as SCRUB FREE KABOOM and ORANGE GLO cleaning products ANSWER home pregnancy and ovulation test kits ARRID antiperspirant and CLOSE-UP and AIM toothpastes. The Consumer International segment sells personal care products some of which use the same brands as the Company’s domestic product lines in International markets. The Specialty Products Division (SPD) is a producer of sodium bicarbonate which it sells together with other specialty inorganic chemicals for industrial institutional medical and food applications. SPD also sells a range of animal nutrition and specialty cleaning products.

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