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

Church & Dwight Co. (CHD) : Waverton Investment Management Ltd reduced its stake in Church & Dwight Co. by 4.98% during the most recent quarter end. The investment management company now holds a total of 449,762 shares of Church & Dwight Co. which is valued at $21,125,321 after selling 23,570 shares in Church & Dwight Co. , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Church & Dwight Co. makes up approximately 1.43% of Waverton Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Pacwest Financial Management Inc reduced its stake in CHD by selling 1,000 shares or 2.9% in the most recent quarter. The Hedge Fund company now holds 33,444 shares of CHD which is valued at $1,572,202. Church & Dwight Co. makes up approx 0.96% of Pacwest Financial Management Inc’s portfolio.Cobiz Investment Management reduced its stake in CHD by selling 96 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 125,016 shares of CHD which is valued at $5,877,002. Church & Dwight Co. makes up approx 1.42% of Cobiz Investment Management’s portfolio.Cutler Group Lp boosted its stake in CHD in the latest quarter, The investment management firm added 799 additional shares and now holds a total of 11,097 shares of Church & Dwight Co. which is valued at $521,670. Church & Dwight Co. makes up approx 0.03% of Cutler Group Lp’s portfolio.Contravisory Investment Management reduced its stake in CHD by selling 4,835 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 104,865 shares of CHD which is valued at $4,929,704. Church & Dwight Co. makes up approx 1.62% of Contravisory Investment Management’s portfolio.

Church & Dwight Co. closed down -0.04 points or -0.09% at $46.97 with 17,25,381 shares getting traded on Tuesday. Post opening the session at $46.98, the shares hit an intraday low of $46.64 and an intraday high of $47.015 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.. Company shares were Reiterated by Stifel on Sep 16, 2016 to “Hold”, Firm has raised the Price Target to $ 50 from a previous price target of $48 .Company shares were Reiterated by UBS on Aug 5, 2016 to “Sell”, Firm has raised the Price Target to $ 93 from a previous price target of $88 .Company shares were Reiterated by Deutsche Bank on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 104 from a previous price target of $102 .

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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