American Century Companies Inc. reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 29.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,499,321 shares of the company’s stock after selling 615,719 shares during the period. American Century Companies Inc. owned 0.62% of Church & Dwight worth $144,100,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new position in shares of Church & Dwight in the 2nd quarter valued at approximately $45,000. Zions Bancorporation National Association UT purchased a new stake in Church & Dwight in the first quarter worth $53,000. State of Wyoming bought a new position in Church & Dwight in the first quarter worth $69,000. Ameritas Advisory Services LLC purchased a new position in Church & Dwight during the second quarter valued at $76,000. Finally, WPG Advisers LLC bought a new stake in shares of Church & Dwight during the 1st quarter valued at $105,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Trading Down 1.5%
NYSE:CHD opened at $82.73 on Tuesday. The company has a 50 day simple moving average of $86.59 and a two-hundred day simple moving average of $92.44. The company has a market cap of $19.87 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 3.52 and a beta of 0.42. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $116.46.
Church & Dwight Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 14th. Church & Dwight’s dividend payout ratio is 37.11%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. UBS Group decreased their price target on shares of Church & Dwight from $103.00 to $98.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Oppenheimer set a $100.00 target price on shares of Church & Dwight and gave the company an “outperform” rating in a report on Tuesday, October 21st. Barclays set a $82.00 price target on Church & Dwight and gave the stock an “underweight” rating in a research note on Tuesday, November 4th. Citigroup dropped their target price on Church & Dwight from $88.00 to $85.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. cut their target price on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating on the stock in a research note on Monday, August 4th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $99.00.
View Our Latest Analysis on Church & Dwight
Church & Dwight Company 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.
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