BI Asset Management Fondsmaeglerselskab A S trimmed its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 45.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,957 shares of the company’s stock after selling 9,005 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Church & Dwight were worth $1,023,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in Church & Dwight by 3.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,136,330 shares of the company’s stock worth $537,736,000 after acquiring an additional 175,960 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Church & Dwight by 51.3% during the third quarter. Fisher Asset Management LLC now owns 94,349 shares of the company’s stock valued at $8,268,000 after purchasing an additional 31,976 shares in the last quarter. Amiral Gestion bought a new position in shares of Church & Dwight in the fourth quarter worth approximately $6,258,000. Tounjian Advisory Partners LLC bought a new position in shares of Church & Dwight in the fourth quarter worth approximately $2,078,000. Finally, Swiss Life Asset Management Ltd increased its stake in shares of Church & Dwight by 122.6% in the fourth quarter. Swiss Life Asset Management Ltd now owns 141,837 shares of the company’s stock worth $11,893,000 after purchasing an additional 78,107 shares in the last quarter. 86.60% of the stock is owned by institutional investors.
Church & Dwight Trading Up 2.4%
Shares of Church & Dwight stock opened at $98.75 on Thursday. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $106.04. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $95.67 and a 200-day moving average price of $94.18. The firm has a market cap of $23.40 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 3.47 and a beta of 0.47.
Church & Dwight Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, May 15th. Church & Dwight’s dividend payout ratio is currently 40.46%.
Wall Street Analyst Weigh In
CHD has been the topic of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $114.00 price objective on shares of Church & Dwight in a research report on Monday, June 1st. UBS Group reaffirmed a “neutral” rating and issued a $100.00 target price (up from $98.00) on shares of Church & Dwight in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $109.00 price target on shares of Church & Dwight in a report on Monday, May 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Church & Dwight in a research report on Wednesday, June 17th. Finally, Wall Street Zen raised Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $102.59.
Get Our Latest Stock Report on CHD
Insider Transactions at Church & Dwight
In related news, Director Robert K. Shearer sold 8,600 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total value of $842,542.00. Following the completion of the transaction, the director directly owned 30,678 shares of the company’s stock, valued at approximately $3,005,523.66. This trade represents a 21.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Carlos G. Linares sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $99.71, for a total transaction of $997,100.00. Following the completion of the sale, the executive vice president owned 4,668 shares in the company, valued at $465,446.28. This represents a 68.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,680 shares of company stock valued at $4,672,190 in the last 90 days. Company insiders own 2.00% of the company’s stock.
Church & Dwight Company Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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