Parallel Advisors LLC Sells 922 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Parallel Advisors LLC cut its holdings in Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,649 shares of the company’s stock after selling 922 shares during the quarter. Parallel Advisors LLC’s holdings in Church & Dwight were worth $912,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Chilton Capital Management LLC lifted its holdings in Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after acquiring an additional 110 shares in the last quarter. Annapolis Financial Services LLC raised its holdings in Church & Dwight by 2,087.5% during the 4th quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after buying an additional 334 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new position in Church & Dwight in the third quarter valued at approximately $38,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Church & Dwight in the fourth quarter valued at approximately $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Church & Dwight by 74.7% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock worth $65,000 after acquiring an additional 293 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert K. Shearer sold 13,200 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $106.36, for a total value of $1,403,952.00. Following the completion of the sale, the director now directly owns 29,108 shares in the company, valued at $3,095,926.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Brian D. Buchert sold 12,120 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $102.84, for a total value of $1,246,420.80. Following the sale, the executive vice president now directly owns 6,120 shares of the company’s stock, valued at approximately $629,380.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert K. Shearer sold 13,200 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the completion of the transaction, the director now owns 29,108 shares in the company, valued at approximately $3,095,926.88. The disclosure for this sale can be found here. Insiders have sold 376,972 shares of company stock valued at $39,133,366 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Church & Dwight Stock Performance

Church & Dwight stock opened at $104.36 on Friday. The stock has a market cap of $25.52 billion, a PE ratio of 33.13, a P/E/G ratio of 3.37 and a beta of 0.51. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $108.68. The business’s 50-day moving average price is $105.02 and its two-hundred day moving average price is $99.91.

Church & Dwight (NYSE:CHDGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a dividend of $0.2838 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.14 annualized dividend and a yield of 1.09%. Church & Dwight’s dividend payout ratio is presently 35.87%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America upped their target price on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Oppenheimer upped their price target on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. UBS Group lifted their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Argus raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Friday, February 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Church & Dwight from $91.00 to $99.00 and gave the stock a “hold” rating in a research report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $105.56.

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About Church & Dwight

(Free Report)

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.

See Also

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

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