Atria Wealth Solutions Inc. Reduces Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Atria Wealth Solutions Inc. reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 19.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,807 shares of the company’s stock after selling 2,317 shares during the period. Atria Wealth Solutions Inc.’s holdings in Church & Dwight were worth $1,080,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Advisory Alpha LLC lifted its holdings in Church & Dwight by 3.7% in the first quarter. Advisory Alpha LLC now owns 2,707 shares of the company’s stock worth $298,000 after buying an additional 97 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Church & Dwight by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,115 shares of the company’s stock worth $2,325,000 after buying an additional 110 shares during the period. Versant Capital Management Inc lifted its holdings in Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock worth $42,000 after buying an additional 112 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Church & Dwight by 19.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company’s stock worth $76,000 after buying an additional 112 shares during the period. Finally, KFG Wealth Management LLC lifted its holdings in Church & Dwight by 2.2% in the first quarter. KFG Wealth Management LLC now owns 5,476 shares of the company’s stock worth $603,000 after buying an additional 119 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Michael Read bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the acquisition, the executive vice president owned 7,505 shares of the company’s stock, valued at $684,981.35. This trade represents a 36.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the sale, the director owned 13,747 shares in the company, valued at $1,360,953. This represents a 51.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,915 shares of company stock worth $3,545,300 over the last three months. 1.20% of the stock is currently owned by insiders.

Church & Dwight Price Performance

Shares of CHD opened at $91.71 on Tuesday. The company has a market capitalization of $22.34 billion, a P/E ratio of 43.26, a price-to-earnings-growth ratio of 3.75 and a beta of 0.43. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $96.53 and a 200 day moving average of $101.09. Church & Dwight Co., Inc. has a twelve month low of $90.50 and a twelve month high of $116.46.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.18 annualized dividend and a dividend yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is 55.66%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. TD Cowen lowered shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a report on Tuesday, May 6th. Cowen lowered shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Truist Financial set a $110.00 price objective on shares of Church & Dwight and gave the stock a “buy” rating in a report on Friday, June 6th. Finally, Redburn Partners set a $83.00 price objective on shares of Church & Dwight in a report on Monday, July 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $103.94.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.